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

Wall Street brokerages forecast that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will report $3.95 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with the lowest sales estimate coming in at $3.85 billion and the highest estimate coming in at $4.17 billion. C.H. Robinson Worldwide reported sales of $4.29 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 7.9%. The business is expected to issue its next earnings report 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 year, analysts forecast that the firm will post sales of $16.21 billion, with estimates ranging from $15.61 billion to $17.59 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover C.H. Robinson Worldwide.

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

CHRW has been the topic of several research analyst reports. Citigroup downgraded C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research note on Friday, July 26th. BidaskClub downgraded C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, Morgan Stanley set a $65.00 target price on C.H. Robinson Worldwide and gave the stock a “sell” rating in a research note on Monday, July 8th. Three 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 company. The company presently has a consensus rating of “Hold” and a consensus price target of $89.44.

C.H. Robinson Worldwide stock traded up $0.54 during trading hours on Wednesday, hitting $86.79. 908,045 shares of the stock traded hands, compared to its average volume of 1,279,524. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.81 and a quick ratio of 1.81. The firm’s 50 day moving average price is $83.89 and its 200-day moving average price is $84.70. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.03 and a beta of 0.65. C.H. Robinson Worldwide has a 1 year low of $77.72 and a 1 year high of $98.95.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $0.50 dividend. The ex-dividend date is Thursday, September 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%. C.H. Robinson Worldwide’s payout ratio is 42.28%.

In related news, insider John Wiehoff sold 8,392 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $85.93, for a total value of $721,124.56. Following the completion of the transaction, the insider now owns 34,499 shares of the company’s stock, valued at approximately $2,964,499.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ben G. Campbell sold 20,425 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $84.00, for a total value 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 45,173 shares of company stock worth $3,825,122 in the last 90 days. Company insiders own 1.65% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farmers National Bank acquired a new position in C.H. Robinson Worldwide in the 1st quarter worth about $26,000. Berman Capital Advisors LLC raised its holdings 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 during the period. Bremer Bank National Association acquired a new position in C.H. Robinson Worldwide in the 1st quarter worth about $36,000. Meeder Asset Management Inc. acquired a new position in C.H. Robinson Worldwide in the 2nd quarter worth about $42,000. Finally, Signaturefd LLC raised its holdings 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 during the period. 90.80% of the stock is owned by institutional investors.

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 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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