Wall Street brokerages expect C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) to report sales of $3.62 billion for the current quarter, according to Zacks. Eight analysts have made estimates for C.H. Robinson Worldwide’s earnings. The highest sales estimate is $3.77 billion and the lowest is $3.35 billion. C.H. Robinson Worldwide posted sales of $3.36 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The company is expected to announce its next quarterly earnings results on Tuesday, October 24th.

On average, analysts expect that C.H. Robinson Worldwide will report full-year sales of $3.62 billion for the current financial year, with estimates ranging from $13.91 billion to $14.52 billion. For the next financial year, analysts forecast that the company will report sales of $15.03 billion per share, with estimates ranging from $14.08 billion to $15.59 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Wednesday, July 19th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.12). C.H. Robinson Worldwide had a return on equity of 37.41% and a net margin of 3.49%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. C.H. Robinson Worldwide’s revenue was up 12.4% on a year-over-year basis.

CHRW has been the topic of several analyst reports. Deutsche Bank AG reduced their price target on shares of C.H. Robinson Worldwide from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, July 21st. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Stephens upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $73.00 to $90.00 in a research report on Wednesday, August 30th. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Bank of America Corporation reduced their price target on shares of C.H. Robinson Worldwide from $70.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, July 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.83.

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C.H. Robinson Worldwide (NASDAQ:CHRW) opened at 75.02 on Thursday. C.H. Robinson Worldwide has a 12-month low of $63.41 and a 12-month high of $81.16. The firm’s 50-day moving average price is $71.86 and its 200 day moving average price is $70.76. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 22.00 and a beta of 0.42.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, August 30th. C.H. Robinson Worldwide’s payout ratio is currently 52.94%.

In other news, VP Angela K. Freeman sold 1,200 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $68.72, for a total transaction of $82,464.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.85% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Sentry Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.6% during the second quarter. Sentry Investment Management LLC now owns 6,057 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 39 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of C.H. Robinson Worldwide by 25.1% during the second quarter. Toronto Dominion Bank now owns 47,734 shares of the transportation company’s stock valued at $3,277,000 after acquiring an additional 9,587 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at $428,000. Advisory Services Network LLC raised its stake in shares of C.H. Robinson Worldwide by 1.8% during the second quarter. Advisory Services Network LLC now owns 3,484 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 60 shares during the last quarter. Finally, Nomura Holdings Inc. raised its stake in shares of C.H. Robinson Worldwide by 1,552.5% during the second quarter. Nomura Holdings Inc. now owns 79,388 shares of the transportation company’s stock valued at $5,449,000 after acquiring an additional 74,584 shares during the last quarter. 90.10% of the stock is owned by hedge funds and other institutional investors.

C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.

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

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