Zacks Research Has Strong Estimate for CHRW FY2024 Earnings

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) – Investment analysts at Zacks Research boosted their FY2024 earnings per share estimates for C.H. Robinson Worldwide in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the transportation company will post earnings per share of $4.34 for the year, up from their prior forecast of $4.05. The consensus estimate for C.H. Robinson Worldwide’s current full-year earnings is $4.37 per share. Zacks Research also issued estimates for C.H. Robinson Worldwide’s Q4 2024 earnings at $1.05 EPS, FY2025 earnings at $4.27 EPS, Q2 2026 earnings at $1.24 EPS and FY2026 earnings at $4.94 EPS.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share.

Other research analysts also recently issued research reports about the company. Benchmark raised their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $127.00 in a research note on Tuesday, November 12th. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $140.00 in a research note on Friday, October 4th. Barclays boosted their target price on C.H. Robinson Worldwide from $85.00 to $95.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. Finally, Robert W. Baird increased their price target on C.H. Robinson Worldwide from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.63.

C.H. Robinson Worldwide Price Performance

Shares of CHRW opened at $108.70 on Friday. The firm has a fifty day moving average price of $107.45 and a 200 day moving average price of $96.69. The stock has a market cap of $12.85 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $113.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49.

C.H. Robinson Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.28%. C.H. Robinson Worldwide’s dividend payout ratio is presently 85.81%.

Insider Buying and Selling at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total value of $1,143,526.96. Following the sale, the insider now directly owns 70,943 shares of the company’s stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.47% of the stock is owned by insiders.

Institutional Investors Weigh In On C.H. Robinson Worldwide

A number of institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in C.H. Robinson Worldwide by 0.9% in the third quarter. QRG Capital Management Inc. now owns 11,148 shares of the transportation company’s stock valued at $1,230,000 after buying an additional 98 shares during the period. Venturi Wealth Management LLC increased its position in shares of C.H. Robinson Worldwide by 83.5% in the third quarter. Venturi Wealth Management LLC now owns 244 shares of the transportation company’s stock worth $27,000 after acquiring an additional 111 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of C.H. Robinson Worldwide by 13.6% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 120 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of C.H. Robinson Worldwide by 2.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,498 shares of the transportation company’s stock valued at $717,000 after acquiring an additional 144 shares in the last quarter. Finally, Quent Capital LLC boosted its position in C.H. Robinson Worldwide by 94.8% during the 2nd quarter. Quent Capital LLC now owns 300 shares of the transportation company’s stock worth $26,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

About C.H. Robinson Worldwide

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.