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

C.H. Robinson Worldwide (NASDAQ:CHRW) will release its earnings data 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.19. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 27.84% and a net margin of 1.90%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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 $108.12 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $105.17 and a 200-day simple moving average of $92.20. The company has a market cap of $12.66 billion, a PE ratio of 42.74, a P/E/G 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 given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend 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 payout ratio is 98.02%.

Insider Transactions at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Susquehanna raised their price objective on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. TD Cowen lifted their price target on C.H. Robinson Worldwide from $86.00 to $103.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Benchmark upped their price objective on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group raised C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $140.00 in a report on Friday, October 4th. Finally, Evercore ISI upped 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 report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.