Equities analysts expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to report $4.07 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with the highest sales estimate coming in at $4.14 billion and the lowest estimate coming in at $3.96 billion. C.H. Robinson Worldwide posted sales of $4.28 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 4.9%. The business is scheduled to report its next quarterly earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that C.H. Robinson Worldwide will report full-year sales of $16.16 billion for the current year, with estimates ranging from $15.56 billion to $16.80 billion. For the next year, analysts forecast that the business will post sales of $16.94 billion, with estimates ranging from $15.69 billion to $18.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.98 billion. C.H. Robinson Worldwide had a net margin of 4.16% and a return on equity of 43.21%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share.
Shares of CHRW stock traded up $0.06 during mid-day trading on Wednesday, hitting $83.56. 24,483 shares of the stock traded hands, compared to its average volume of 1,185,814. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.85 and a beta of 0.62. C.H. Robinson Worldwide has a 52-week low of $77.72 and a 52-week high of $101.20. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.91 and a current ratio of 1.91.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.00 annualized dividend and a yield of 2.39%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 42.28%.
In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. purchased 1,202 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of $83.18 per share, for a total transaction of $99,982.36. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.65% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Northern Trust Corp grew its stake in shares of C.H. Robinson Worldwide by 21.8% during the 4th quarter. Northern Trust Corp now owns 2,085,816 shares of the transportation company’s stock worth $175,396,000 after purchasing an additional 372,783 shares during the period. Squarepoint Ops LLC grew its stake in shares of C.H. Robinson Worldwide by 46.4% during the 4th quarter. Squarepoint Ops LLC now owns 297,580 shares of the transportation company’s stock worth $25,024,000 after purchasing an additional 94,353 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of C.H. Robinson Worldwide during the 1st quarter worth approximately $2,873,000. Capco Asset Management LLC grew its stake in shares of C.H. Robinson Worldwide by 0.4% during the 1st quarter. Capco Asset Management LLC now owns 150,093 shares of the transportation company’s stock worth $13,057,000 after purchasing an additional 588 shares during the period. Finally, Lido Advisors LLC grew its stake in shares of C.H. Robinson Worldwide by 37.3% during the 1st quarter. Lido Advisors LLC now owns 3,625 shares of the transportation company’s stock worth $315,000 after purchasing an additional 985 shares during the period. Institutional investors own 85.72% of the company’s stock.
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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