C.H. Robinson Worldwide (CHRW) Scheduled to Post Quarterly Earnings on Wednesday

C.H. Robinson Worldwide (NASDAQ:CHRW) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect C.H. Robinson Worldwide to post earnings of $1.09 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.19. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, analysts expect C.H. Robinson Worldwide to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW opened at $108.12 on Monday. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 42.74, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company’s fifty day moving average is $105.17 and its 200-day moving average is $92.20. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.29%. This is an increase from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio is presently 98.02%.

Insider Activity at C.H. Robinson Worldwide

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the sale, the insider now owns 70,943 shares in the company, valued at $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Citigroup began coverage on C.H. Robinson Worldwide in a research note on Wednesday, October 9th. They set a “neutral” rating and a $115.00 price target for the company. Vertical Research raised C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Tuesday, July 9th. Evercore ISI lifted their price target on shares of C.H. Robinson Worldwide from $112.00 to $122.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Barclays upped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $75.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Finally, Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $99.00 in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $100.29.

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.