Brokerages Anticipate C.H. Robinson Worldwide Inc (NASDAQ:CHRW) Will Announce Quarterly Sales of $3.95 Billion

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Brokerages predict that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will announce sales of $3.95 billion for the current quarter, Zacks reports. Six analysts have issued estimates for C.H. Robinson Worldwide’s earnings, with the highest sales estimate coming in at $4.17 billion and the lowest estimate coming in at $3.85 billion. C.H. Robinson Worldwide posted sales of $4.29 billion in the same quarter last year, which would indicate a negative year over year growth rate of 7.9%. The business is expected to report its next quarterly earnings results on Tuesday, October 29th.

On average, 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 forecast that the firm will report sales of $16.21 billion, with estimates ranging from $15.61 billion to $17.59 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. C.H. Robinson Worldwide had a net margin of 4.31% and a return on equity of 42.88%. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. 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 recent research reports. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. C.H. Robinson Worldwide presently has a consensus rating of “Hold” and a consensus target price of $89.44.

Shares of CHRW stock traded down $1.81 during mid-day trading on Wednesday, reaching $85.29. 966,700 shares of the company’s stock traded hands, compared to its average volume of 1,279,472. C.H. Robinson Worldwide has a 12 month low of $77.72 and a 12 month high of $100.22. The firm has a 50 day moving average price of $83.79 and a two-hundred day moving average price of $84.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $11.70 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.02 and a beta of 0.65.

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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, September 5th. C.H. Robinson Worldwide’s dividend payout ratio is currently 42.28%.

In related news, insider Angela K. Freeman sold 16,356 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.88, for a total value of $1,388,297.28. Following the completion of the transaction, the insider now owns 47,594 shares of the company’s stock, valued at approximately $4,039,778.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ben G. Campbell sold 20,425 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,715,700.00. Following the completion of the transaction, the insider now directly owns 43,006 shares of the company’s stock, valued at approximately $3,612,504. The disclosure for this sale can be found here. Insiders sold a total of 45,173 shares of company stock valued at $3,825,122 in the last ninety days. 1.65% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Farmers National Bank bought a new position in C.H. Robinson Worldwide in the 1st quarter worth $26,000. Berman Capital Advisors LLC lifted its stake in C.H. Robinson Worldwide by 245.3% in the 2nd quarter. Berman Capital Advisors LLC now owns 328 shares of the transportation company’s stock worth $27,000 after purchasing an additional 233 shares in the last quarter. Bremer Bank National Association purchased a new stake in C.H. Robinson Worldwide in the 1st quarter worth $36,000. Meeder Asset Management Inc. purchased a new stake in C.H. Robinson Worldwide in the 2nd quarter worth $42,000. Finally, Signaturefd LLC lifted its stake in C.H. Robinson Worldwide by 98.9% in the 2nd quarter. Signaturefd LLC now owns 527 shares of the transportation company’s stock worth $44,000 after purchasing an additional 262 shares in the last quarter. 90.80% of the stock is owned by institutional investors.

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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