$1.25 EPS Expected for C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) This Quarter


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Wall Street brokerages expect that C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) will announce $1.25 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for C.H. Robinson Worldwide’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.35. C.H. Robinson Worldwide posted earnings per share of $1.06 during the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, July 27th.

On average, analysts expect that C.H. Robinson Worldwide will report full year earnings of $4.80 per share for the current financial year, with EPS estimates ranging from $4.13 to $5.20. For the next financial year, analysts forecast that the firm will post earnings of $4.87 per share, with EPS estimates ranging from $4.02 to $5.45. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover C.H. Robinson Worldwide.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, April 27th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.30. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.37 billion. C.H. Robinson Worldwide had a return on equity of 26.78% and a net margin of 2.96%. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share.

Several equities analysts recently issued reports on CHRW shares. Credit Suisse Group raised their price target on C.H. Robinson Worldwide from $90.00 to $93.00 and gave the company an “underperform” rating in a report on Tuesday. Vertical Research started coverage on C.H. Robinson Worldwide in a research note on Friday, March 26th. They issued a “hold” rating on the stock. Wells Fargo & Company increased their target price on C.H. Robinson Worldwide from $93.00 to $95.00 and gave the company an “underweight” rating in a research note on Tuesday. Cowen increased their target price on C.H. Robinson Worldwide from $102.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, January 28th. Finally, Oppenheimer reissued a “hold” rating on shares of C.H. Robinson Worldwide in a research note on Sunday, January 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $96.67.

C.H. Robinson Worldwide stock traded up $0.23 during mid-day trading on Tuesday, hitting $99.30. The stock had a trading volume of 1,103,634 shares, compared to its average volume of 1,127,525. The stock has a 50-day simple moving average of $97.53 and a two-hundred day simple moving average of $94.33. The stock has a market capitalization of $13.02 billion, a PE ratio of 29.49, a P/E/G ratio of 2.52 and a beta of 0.64. C.H. Robinson Worldwide has a 12 month low of $69.85 and a 12 month high of $106.75. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Friday, March 5th were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, March 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.05%. C.H. Robinson Worldwide’s payout ratio is presently 48.69%.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of C.H. Robinson Worldwide by 0.5% during the fourth quarter. BlackRock Inc. now owns 15,998,262 shares of the transportation company’s stock worth $1,501,756,000 after buying an additional 76,830 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of C.H. Robinson Worldwide by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,057,828 shares of the transportation company’s stock worth $287,038,000 after buying an additional 10,584 shares in the last quarter. Norges Bank bought a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $124,745,000. Sprucegrove Investment Management Ltd. grew its holdings in shares of C.H. Robinson Worldwide by 89.9% during the fourth quarter. Sprucegrove Investment Management Ltd. now owns 998,500 shares of the transportation company’s stock worth $93,729,000 after buying an additional 472,600 shares in the last quarter. Finally, Saratoga Research & Investment Management grew its holdings in shares of C.H. Robinson Worldwide by 1.7% during the first quarter. Saratoga Research & Investment Management now owns 969,158 shares of the transportation company’s stock worth $92,487,000 after buying an additional 16,496 shares in the last quarter. Institutional investors and hedge funds own 92.95% of the company’s stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through two segments, North American Surface Transportation and Global Forwarding. 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 and freight forwarding services, as well as organizes air shipments and offers door-to-door services.

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Earnings History and Estimates for C.H. Robinson Worldwide (NASDAQ:CHRW)

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