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

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

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Wednesday, July 31st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.96 by $0.19. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. 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 NASDAQ CHRW opened at $108.09 on Wednesday. The company has a market cap of $12.66 billion, a P/E ratio of 42.72, a P/E/G ratio of 2.19 and a beta of 0.82. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $113.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The firm’s fifty day moving average is $104.42 and its two-hundred day moving average is $91.20.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $0.62 per share. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 98.02%.

Analysts Set New Price Targets

A number of equities analysts have commented on CHRW shares. The Goldman Sachs Group lifted their price objective on shares of C.H. Robinson Worldwide from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Bank of America upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $99.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $87.00 to $110.00 in a report on Thursday, August 1st. Finally, Benchmark upped their price target on shares of C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $100.29.

Insider Buying and Selling

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.47% of the stock is owned by 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.