$3.72 Billion in Sales Expected for C.H. Robinson Worldwide, Inc. (CHRW) This Quarter

Equities research analysts predict that C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) will report sales of $3.72 billion for the current quarter, Zacks reports. Eight analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with the highest sales estimate coming in at $3.82 billion and the lowest estimate coming in at $3.61 billion. C.H. Robinson Worldwide reported sales of $3.41 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The firm is expected to announce its next quarterly earnings report on Tuesday, January 30th.

On average, analysts expect that C.H. Robinson Worldwide will report full year sales of $3.72 billion for the current fiscal year, with estimates ranging from $14.52 billion to $14.73 billion. For the next year, analysts expect that the company will report sales of $15.50 billion per share, with estimates ranging from $15.05 billion to $15.76 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. C.H. Robinson Worldwide had a net margin of 3.31% and a return on equity of 36.06%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. C.H. Robinson Worldwide’s revenue for the quarter was up 12.8% on a year-over-year basis.

CHRW has been the subject of several recent research reports. Cowen reiterated a “hold” rating and set a $68.00 target price on shares of C.H. Robinson Worldwide in a research note on Friday, August 25th. Stephens upgraded shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $73.00 to $90.00 in a research note on Wednesday, August 30th. UBS upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and increased their target price for the stock from $65.00 to $75.00 in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, KeyCorp reiterated a “buy” rating and set a $78.00 target price on shares of C.H. Robinson Worldwide in a research note on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $76.88.

In other C.H. Robinson Worldwide news, VP Ben G. Campbell sold 4,865 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.00, for a total value of $413,525.00. Following the completion of the transaction, the vice president now directly owns 29,837 shares of the company’s stock, valued at $2,536,145. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jordan T. Kass sold 1,738 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $78.75, for a total transaction of $136,867.50. Following the completion of the transaction, the insider now directly owns 24,348 shares of the company’s stock, valued at $1,917,405. The disclosure for this sale can be found here. Insiders have sold 22,903 shares of company stock valued at $1,854,925 over the last three months. 0.85% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Nicolet Bankshares Inc. purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $202,000. Integrated Investment Consultants LLC increased its holdings in C.H. Robinson Worldwide by 39.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after buying an additional 750 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $205,000. Conning Inc. purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $213,000. Finally, Zions Bancorporation purchased a new position in C.H. Robinson Worldwide in the third quarter valued at about $223,000. 94.22% of the stock is owned by institutional investors.

Shares of C.H. Robinson Worldwide (CHRW) opened at $87.16 on Tuesday. C.H. Robinson Worldwide has a 12 month low of $63.41 and a 12 month high of $89.11. The firm has a market cap of $12,043.96, a PE ratio of 25.73, a PEG ratio of 2.96 and a beta of 0.48. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be issued a dividend of $0.46 per share. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, December 15th. C.H. Robinson Worldwide’s dividend payout ratio is currently 53.73%.

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About C.H. Robinson Worldwide

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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