C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Expected to Post Quarterly Sales of $4.74 Billion

Analysts expect C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) to report sales of $4.74 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for C.H. Robinson Worldwide’s earnings, with the highest sales estimate coming in at $5.10 billion and the lowest estimate coming in at $4.38 billion. C.H. Robinson Worldwide reported sales of $3.63 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.6%. The firm is expected to report its next quarterly earnings report on Tuesday, July 27th.

According to Zacks, analysts expect that C.H. Robinson Worldwide will report full year sales of $18.28 billion for the current fiscal year, with estimates ranging from $17.52 billion to $19.13 billion. For the next financial year, analysts expect that the company will post sales of $18.16 billion, with estimates ranging from $15.90 billion to $19.28 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, April 27th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.30. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.37 billion. C.H. Robinson Worldwide had a return on equity of 32.85% and a net margin of 3.50%. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS.

A number of research firms have recently issued reports on CHRW. Vertical Research began coverage on C.H. Robinson Worldwide in a report on Friday, March 26th. They issued a “hold” rating on the stock. Susquehanna Bancshares lifted their price objective on C.H. Robinson Worldwide from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 12th. The Goldman Sachs Group upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Monday. Credit Suisse Group increased their price objective on C.H. Robinson Worldwide from $90.00 to $93.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 28th. Finally, Morgan Stanley boosted their target price on shares of C.H. Robinson Worldwide from $55.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $97.89.

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 3,702 shares of the company’s stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $98.74, for a total value of $365,535.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Michael W. Neill sold 2,243 shares of the firm’s stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $99.39, for a total transaction of $222,931.77. The disclosure for this sale can be found here. Insiders have sold 23,449 shares of company stock valued at $2,326,439 in the last three months. 0.95% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth $124,745,000. BlackRock Inc. lifted its position in C.H. Robinson Worldwide by 5.9% during the first quarter. BlackRock Inc. now owns 16,939,470 shares of the transportation company’s stock worth $1,616,534,000 after buying an additional 941,208 shares during the period. JPMorgan Chase & Co. boosted its stake in C.H. Robinson Worldwide by 162.0% in the 1st quarter. JPMorgan Chase & Co. now owns 788,590 shares of the transportation company’s stock worth $75,255,000 after buying an additional 487,579 shares during the last quarter. Sprucegrove Investment Management Ltd. grew its holdings in C.H. Robinson Worldwide by 89.9% in the 4th quarter. Sprucegrove Investment Management Ltd. now owns 998,500 shares of the transportation company’s stock valued at $93,729,000 after buying an additional 472,600 shares during the period. Finally, Berger Financial Group Inc acquired a new position in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $24,046,000. Institutional investors own 90.30% of the company’s stock.

NASDAQ CHRW traded up $0.17 during trading on Friday, reaching $99.17. The company’s stock had a trading volume of 1,106,024 shares, compared to its average volume of 1,103,442. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. C.H. Robinson Worldwide has a twelve month low of $75.58 and a twelve month high of $106.75. The business’s fifty day moving average is $97.97. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.23 and a beta of 0.70.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Friday, June 4th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, June 3rd. C.H. Robinson Worldwide’s payout ratio is currently 54.84%.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. 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 and 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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