C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Expected to Announce Quarterly Sales of $3.95 Billion

Analysts forecast that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will announce sales of $3.95 billion for the current quarter, according to Zacks. Six analysts have made estimates for C.H. Robinson Worldwide’s earnings, with estimates ranging from $3.85 billion to $4.17 billion. C.H. Robinson Worldwide posted sales of $4.29 billion during the same quarter last year, which would indicate a negative year over year growth rate of 7.9%. The company is expected to issue its next earnings report after the market closes on Tuesday, October 29th.

According to Zacks, analysts expect that C.H. Robinson Worldwide will report full-year sales of $15.60 billion for the current fiscal year, with estimates ranging from $15.31 billion to $16.21 billion. For the next year, analysts forecast that the business will post sales of $16.21 billion, with estimates ranging from $15.61 billion to $17.59 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.02 billion. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share.

Several brokerages recently weighed in on CHRW. Citigroup lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research report on Friday, July 26th. Barclays reissued a “hold” rating and issued a $95.00 price target on shares of C.H. Robinson Worldwide in a research report on Thursday. Morgan Stanley set a $65.00 price target on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research report on Monday, July 8th. Finally, BidaskClub lowered shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $88.89.

In other news, insider Ben G. Campbell sold 20,425 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $84.00, for a total value of $1,715,700.00. Following the transaction, the insider now owns 43,006 shares of the company’s stock, valued at $3,612,504. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Angela K. Freeman sold 16,356 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the completion of the transaction, the insider now directly owns 47,594 shares in the company, valued at approximately $4,039,778.72. The disclosure for this sale can be found here. In the last three months, insiders sold 45,173 shares of company stock worth $3,825,122. Insiders own 1.65% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt increased its position in C.H. Robinson Worldwide by 57.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,915 shares of the transportation company’s stock worth $162,000 after acquiring an additional 700 shares during the period. California Public Employees Retirement System increased its position in C.H. Robinson Worldwide by 9.1% during the second quarter. California Public Employees Retirement System now owns 1,066,514 shares of the transportation company’s stock worth $89,960,000 after acquiring an additional 89,213 shares during the period. Clarkston Capital Partners LLC increased its position in C.H. Robinson Worldwide by 0.6% during the second quarter. Clarkston Capital Partners LLC now owns 1,062,396 shares of the transportation company’s stock worth $89,613,000 after acquiring an additional 6,260 shares during the period. Northern Trust Corp increased its position in C.H. Robinson Worldwide by 4.3% during the first quarter. Northern Trust Corp now owns 2,174,968 shares of the transportation company’s stock worth $189,200,000 after acquiring an additional 89,152 shares during the period. Finally, FMR LLC increased its position in C.H. Robinson Worldwide by 1.4% during the first quarter. FMR LLC now owns 8,125,920 shares of the transportation company’s stock worth $706,873,000 after acquiring an additional 111,607 shares during the period. 90.80% of the stock is currently owned by institutional investors.

CHRW traded up $0.38 during midday trading on Friday, hitting $83.67. 19,116 shares of the company’s stock traded hands, compared to its average volume of 1,310,259. The company has a market cap of $11.11 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.92 and a beta of 0.65. The stock’s fifty day simple moving average is $84.12 and its 200-day simple moving average is $84.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.81. C.H. Robinson Worldwide has a one year low of $77.72 and a one year high of $98.16.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is 42.28%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Earnings History and Estimates for C.H. Robinson Worldwide (NASDAQ:CHRW)

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