C.H. Robinson Worldwide Inc (CHRW) Expected to Post Quarterly Sales of $4.27 Billion
Analysts expect that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will post $4.27 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with the lowest sales estimate coming in at $4.13 billion and the highest estimate coming in at $4.36 billion. C.H. Robinson Worldwide posted sales of $3.78 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, October 30th.
On average, analysts expect that C.H. Robinson Worldwide will report full-year sales of $16.74 billion for the current financial year, with estimates ranging from $16.56 billion to $17.02 billion. For the next financial year, analysts forecast that the company will report sales of $17.64 billion, with estimates ranging from $17.02 billion to $18.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Tuesday, July 31st. The transportation company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. C.H. Robinson Worldwide had a net margin of 3.59% and a return on equity of 38.81%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year.
In related news, insider Michael W. Neill sold 452 shares of C.H. Robinson Worldwide stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $96.10, for a total value of $43,437.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela K. Freeman sold 1,589 shares of C.H. Robinson Worldwide stock in a transaction on Friday, August 24th. The stock was sold at an average price of $96.71, for a total transaction of $153,672.19. Following the completion of the sale, the insider now owns 24,136 shares of the company’s stock, valued at approximately $2,334,192.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,758 shares of company stock valued at $4,526,546. Insiders own 0.97% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in C.H. Robinson Worldwide by 1.2% during the second quarter. BlackRock Inc. now owns 11,296,656 shares of the transportation company’s stock valued at $945,075,000 after purchasing an additional 133,529 shares during the last quarter. Bank of America Corp DE increased its stake in C.H. Robinson Worldwide by 10.8% during the second quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock valued at $523,154,000 after purchasing an additional 607,678 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in C.H. Robinson Worldwide by 4.5% during the first quarter. The Manufacturers Life Insurance Company now owns 1,553,291 shares of the transportation company’s stock valued at $145,559,000 after purchasing an additional 66,810 shares during the last quarter. Luminus Management LLC increased its stake in C.H. Robinson Worldwide by 268.3% during the second quarter. Luminus Management LLC now owns 1,253,027 shares of the transportation company’s stock valued at $104,828,000 after purchasing an additional 912,800 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in C.H. Robinson Worldwide by 255.2% during the second quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock valued at $104,245,000 after purchasing an additional 895,269 shares during the last quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.
Shares of NASDAQ CHRW traded up $0.57 during trading on Friday, reaching $91.68. 1,130,663 shares of the stock were exchanged, compared to its average volume of 1,309,118. C.H. Robinson Worldwide has a twelve month low of $75.93 and a twelve month high of $101.20. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.88. The stock has a market cap of $13.57 billion, a P/E ratio of 26.34, a PEG ratio of 2.43 and a beta of 0.40.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 7th were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.01%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.87%.
About C.H. Robinson Worldwide
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 three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. 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, which is 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 provides door-to-door services.
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