Analysts Expect C.H. Robinson Worldwide Inc (CHRW) Will Post Quarterly Sales of $3.79 Billion

Analysts expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to report sales of $3.79 billion for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for C.H. Robinson Worldwide’s earnings, with the highest sales estimate coming in at $3.89 billion and the lowest estimate coming in at $3.72 billion. C.H. Robinson Worldwide reported sales of $3.42 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The firm is expected to issue its next earnings report on Tuesday, April 24th.

According to Zacks, 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 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 Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover C.H. Robinson Worldwide.

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C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.99 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.69 billion.

CHRW has been the subject of several research reports. Cleveland Research upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Citigroup upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, December 26th. BidaskClub downgraded shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, Edward Jones upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “buy” rating in a research note on Sunday, March 11th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $82.53.

C.H. Robinson Worldwide (NASDAQ CHRW) traded up $1.13 on Tuesday, reaching $91.41. 218,600 shares of the company’s stock traded hands, compared to its average volume of 1,563,119. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. C.H. Robinson Worldwide has a 12 month low of $63.41 and a 12 month high of $100.18. The stock has a market capitalization of $12,541.06, a P/E ratio of 25.29, a P/E/G ratio of 2.23 and a beta of 0.43.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be paid a $0.46 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 2.01%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 51.54%.

In related news, insider James Lemke sold 4,346 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $92.75, for a total value of $403,091.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $355,132.65. Following the completion of the sale, the insider now directly owns 23,149 shares in the company, valued at $2,103,086.65. The disclosure for this sale can be found here. Insiders sold 29,248 shares of company stock valued at $2,704,578 over the last 90 days. Insiders own 0.85% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CHRW. Canada Pension Plan Investment Board raised its holdings in C.H. Robinson Worldwide by 54.3% in the third quarter. Canada Pension Plan Investment Board now owns 41,771 shares of the transportation company’s stock valued at $3,179,000 after acquiring an additional 14,700 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of C.H. Robinson Worldwide by 6.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,203 shares of the transportation company’s stock worth $1,842,000 after purchasing an additional 1,510 shares during the period. Swiss National Bank raised its holdings in shares of C.H. Robinson Worldwide by 0.8% during the third quarter. Swiss National Bank now owns 678,328 shares of the transportation company’s stock worth $51,621,000 after purchasing an additional 5,300 shares during the period. Global X MANAGEMENT CO LLC raised its holdings in shares of C.H. Robinson Worldwide by 14.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 5,720 shares of the transportation company’s stock worth $435,000 after purchasing an additional 714 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 51.4% during the third quarter. First Eagle Investment Management LLC now owns 6,370,010 shares of the transportation company’s stock worth $484,758,000 after purchasing an additional 2,161,520 shares during the period. 94.49% of the stock is currently owned by hedge funds and other institutional investors.

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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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