Brokerages forecast that C.H. Robinson Worldwide Inc (NASDAQ:CHRW) will report $3.79 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for C.H. Robinson Worldwide’s earnings, with the lowest sales estimate coming in at $3.72 billion and the highest estimate coming in at $3.89 billion. C.H. Robinson Worldwide posted sales of $3.42 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The company is expected to announce its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that C.H. Robinson Worldwide will report full-year sales of $3.79 billion for the current fiscal year, with estimates ranging from $15.52 billion to $16.62 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $16.79 billion per share, with estimates ranging from $15.88 billion to $18.21 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its earnings results on Tuesday, January 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.14. C.H. Robinson Worldwide had a net margin of 3.40% and a return on equity of 36.28%. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.69 billion.
C.H. Robinson Worldwide (NASDAQ CHRW) opened at $91.03 on Tuesday. C.H. Robinson Worldwide has a 1-year low of $63.41 and a 1-year high of $100.18. The stock has a market cap of $12,720.00, a P/E ratio of 26.16, a PEG ratio of 2.37 and a beta of 0.43. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, March 1st. C.H. Robinson Worldwide’s payout ratio is 52.87%.
In related news, insider Chris Obrien sold 3,909 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $90.85, for a total value of $355,132.65. Following the completion of the transaction, the insider now owns 23,149 shares of the company’s stock, valued at approximately $2,103,086.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert C. Biesterfeld, Jr. sold 7,047 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $93.97, for a total transaction of $662,206.59. Following the completion of the transaction, the insider now directly owns 14,323 shares of the company’s stock, valued at approximately $1,345,932.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,248 shares of company stock valued at $2,704,578. Insiders own 0.85% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in C.H. Robinson Worldwide by 5.2% in the 4th quarter. LPL Financial LLC now owns 10,998 shares of the transportation company’s stock worth $980,000 after buying an additional 547 shares during the period. Creative Planning lifted its stake in C.H. Robinson Worldwide by 4.9% in the 4th quarter. Creative Planning now owns 12,295 shares of the transportation company’s stock worth $1,095,000 after purchasing an additional 574 shares in the last quarter. Horan Capital Management lifted its stake in C.H. Robinson Worldwide by 1.2% in the 4th quarter. Horan Capital Management now owns 48,649 shares of the transportation company’s stock worth $4,334,000 after purchasing an additional 581 shares in the last quarter. RiverPoint Capital Management LLC lifted its stake in C.H. Robinson Worldwide by 12.3% in the 4th quarter. RiverPoint Capital Management LLC now owns 5,615 shares of the transportation company’s stock worth $500,000 after purchasing an additional 615 shares in the last quarter. Finally, Norinchukin Bank The lifted its stake in C.H. Robinson Worldwide by 6.3% in the 4th quarter. Norinchukin Bank The now owns 11,745 shares of the transportation company’s stock worth $1,046,000 after purchasing an additional 701 shares in the last quarter. 94.49% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Brokerages Anticipate C.H. Robinson Worldwide Inc (CHRW) Will Post Quarterly Sales of $3.79 Billion” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://sportsperspectives.com/2018/03/13/brokerages-anticipate-c-h-robinson-worldwide-inc-chrw-will-post-quarterly-sales-of-3-79-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.