Equities research analysts expect that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will post $1.06 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have issued estimates for C.H. Robinson Worldwide’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.10. C.H. Robinson Worldwide reported earnings per share of $0.78 in the same quarter last year, which would suggest a positive year over year growth rate of 35.9%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, July 31st.
On average, analysts expect that C.H. Robinson Worldwide will report full-year earnings of $4.38 per share for the current year, with EPS estimates ranging from $4.21 to $4.50. For the next financial year, analysts expect that the business will post earnings of $4.85 per share, with EPS estimates ranging from $4.27 to $5.04. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow C.H. Robinson Worldwide.
Get C.H. Robinson Worldwide alerts:C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Tuesday, May 1st. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. C.H. Robinson Worldwide had a return on equity of 36.63% and a net margin of 3.41%. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the business earned $0.86 EPS. The business’s revenue was up 14.9% on a year-over-year basis.
CHRW has been the topic of several recent analyst reports. BidaskClub upgraded C.H. Robinson Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 22nd. ValuEngine upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, April 3rd. Morgan Stanley dropped their price objective on C.H. Robinson Worldwide from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Friday, April 6th. Finally, Robert W. Baird restated a “hold” rating and set a $100.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, April 10th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.60.
C.H. Robinson Worldwide traded up $0.40, hitting $87.70, during trading hours on Tuesday, MarketBeat.com reports. 1,265,900 shares of the company traded hands, compared to its average volume of 1,456,065. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. C.H. Robinson Worldwide has a one year low of $63.41 and a one year high of $100.18. The stock has a market cap of $12.08 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.20 and a beta of 0.42.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, June 1st were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Thursday, May 31st. C.H. Robinson Worldwide’s payout ratio is 52.87%.
C.H. Robinson Worldwide announced that its board has approved a share buyback program on Thursday, May 10th that allows the company to buyback 15,000,000 outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of C.H. Robinson Worldwide by 2.3% during the 1st quarter. BlackRock Inc. now owns 11,163,127 shares of the transportation company’s stock worth $1,046,098,000 after purchasing an additional 248,268 shares during the period. First Eagle Investment Management LLC raised its stake in shares of C.H. Robinson Worldwide by 0.7% during the 1st quarter. First Eagle Investment Management LLC now owns 6,449,795 shares of the transportation company’s stock worth $604,410,000 after purchasing an additional 42,487 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of C.H. Robinson Worldwide by 4.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,553,291 shares of the transportation company’s stock worth $145,559,000 after purchasing an additional 66,810 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of C.H. Robinson Worldwide by 17.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 904,307 shares of the transportation company’s stock worth $84,743,000 after purchasing an additional 133,193 shares during the period. Finally, Saratoga Research & Investment Management raised its stake in shares of C.H. Robinson Worldwide by 0.9% during the 1st quarter. Saratoga Research & Investment Management now owns 707,153 shares of the transportation company’s stock worth $66,267,000 after purchasing an additional 6,093 shares during the period. Institutional investors own 90.59% of the company’s stock.
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 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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