$3.95 Billion in Sales Expected for C.H. Robinson Worldwide Inc (NASDAQ:CHRW) This Quarter

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Equities analysts expect that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will announce sales of $3.95 billion for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for C.H. Robinson Worldwide’s earnings. The lowest sales estimate is $3.85 billion and the highest is $4.17 billion. C.H. Robinson Worldwide posted sales of $4.29 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that C.H. Robinson Worldwide will report full year sales of $15.60 billion for the current fiscal year, with estimates ranging from $15.31 billion to $16.21 billion. For the next fiscal year, analysts anticipate that the company will report sales of $16.21 billion, with estimates ranging from $15.61 billion to $17.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.22. C.H. Robinson Worldwide had a return on equity of 42.88% and a net margin of 4.31%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year.

CHRW has been the subject of a number of research analyst reports. BidaskClub raised shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Citigroup downgraded shares of C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a research report on Friday, July 26th. Morgan Stanley set a $65.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “sell” rating in a research report on Monday, July 8th. Stifel Nicolaus set a $95.00 price objective on shares of C.H. Robinson Worldwide and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Stephens cut their price objective on shares of C.H. Robinson Worldwide from $93.00 to $86.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.44.

Shares of NASDAQ:CHRW traded down $1.49 on Monday, reaching $82.23. 949,808 shares of the company traded hands, compared to its average volume of 1,559,026. The business’s 50-day simple moving average is $83.84 and its 200 day simple moving average is $85.50. C.H. Robinson Worldwide has a 52 week low of $77.72 and a 52 week high of $101.20. The stock has a market capitalization of $11.41 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.76.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is 42.28%.

In related news, insider John Wiehoff sold 8,392 shares of C.H. Robinson Worldwide stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $85.93, for a total transaction of $721,124.56. Following the transaction, the insider now owns 34,499 shares in the company, valued at approximately $2,964,499.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela K. Freeman sold 16,356 shares of C.H. Robinson Worldwide stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.88, for a total transaction of $1,388,297.28. Following the transaction, the insider now owns 47,594 shares in the company, valued at approximately $4,039,778.72. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. D.B. Root & Company LLC lifted its stake in C.H. Robinson Worldwide by 2.5% in the 2nd quarter. D.B. Root & Company LLC now owns 5,206 shares of the transportation company’s stock worth $439,000 after purchasing an additional 127 shares in the last quarter. Prudential PLC lifted its stake in C.H. Robinson Worldwide by 4.1% in the 2nd quarter. Prudential PLC now owns 3,300 shares of the transportation company’s stock worth $277,000 after purchasing an additional 131 shares in the last quarter. Mason Street Advisors LLC lifted its stake in C.H. Robinson Worldwide by 0.7% in the 1st quarter. Mason Street Advisors LLC now owns 19,524 shares of the transportation company’s stock worth $1,698,000 after purchasing an additional 138 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in C.H. Robinson Worldwide by 32.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 572 shares of the transportation company’s stock worth $50,000 after purchasing an additional 140 shares in the last quarter. Finally, H D Vest Advisory Services lifted its stake in C.H. Robinson Worldwide by 1.8% in the 2nd quarter. H D Vest Advisory Services now owns 8,384 shares of the transportation company’s stock worth $707,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. It offers transportation and logistics services, such as truckload; less than truckload transportation, which include the shipment of single or multiple pallets of freight; intermodal transportation that include the shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Earnings History and Estimates for C.H. Robinson Worldwide (NASDAQ:CHRW)

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