C.H. Robinson Worldwide (NASDAQ:CHRW) Releases Earnings Results, Beats Estimates By $0.16 EPS

C.H. Robinson Worldwide (NASDAQ:CHRW) released its quarterly earnings results on Wednesday. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16, Briefing.com reports. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year.

C.H. Robinson Worldwide Stock Down 6.0 %

Shares of NASDAQ:CHRW traded down $6.60 during trading on Thursday, hitting $103.04. 4,014,792 shares of the company were exchanged, compared to its average volume of 1,542,131. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s 50 day moving average price is $105.68 and its 200-day moving average price is $92.84. The stock has a market capitalization of $12.08 billion, a P/E ratio of 37.67, a PEG ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $113.10.

C.H. Robinson Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a $0.62 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. This represents a $2.48 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is currently 89.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CHRW. BMO Capital Markets upped their target price on C.H. Robinson Worldwide from $92.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday. The Goldman Sachs Group upped their target price on C.H. Robinson Worldwide from $90.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Citigroup assumed coverage on shares of C.H. Robinson Worldwide in a research report on Wednesday, October 9th. They set a “neutral” rating and a $115.00 price target for the company. Barclays increased their price objective on shares of C.H. Robinson Worldwide from $75.00 to $85.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and upped their price target for the company from $87.00 to $110.00 in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.24.

Insider Buying and Selling

In other news, insider Michael John Short sold 10,894 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $98.38, for a total value of $1,071,751.72. Following the completion of the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.18% of the stock is owned by company insiders.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.