$4.27 Billion in Sales Expected for C.H. Robinson Worldwide Inc (CHRW) This Quarter
Wall Street analysts expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to report sales of $4.27 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for C.H. Robinson Worldwide’s earnings. The highest sales estimate is $4.36 billion and the lowest is $4.13 billion. C.H. Robinson Worldwide reported sales of $3.78 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The firm is expected to report its next earnings results on Tuesday, October 30th.
On average, analysts expect that C.H. Robinson Worldwide will report full year sales of $16.74 billion for the current fiscal year, with estimates ranging from $16.59 billion to $17.02 billion. For the next year, analysts anticipate that the firm will report sales of $17.58 billion per share, with estimates ranging from $16.88 billion to $18.31 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last released its quarterly earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. C.H. Robinson Worldwide had a net margin of 3.59% and a return on equity of 38.81%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm earned $0.78 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis.
Shares of CHRW traded down $1.21 during trading hours on Wednesday, reaching $96.36. 720,600 shares of the stock traded hands, compared to its average volume of 1,333,642. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 1.81. C.H. Robinson Worldwide has a 52 week low of $72.92 and a 52 week high of $101.20. The firm has a market capitalization of $13.52 billion, a P/E ratio of 28.07, a PEG ratio of 2.42 and a beta of 0.41.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.84 dividend on an annualized basis and a yield of 1.91%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 52.87%.
In related news, CEO John Wiehoff sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $96.45, for a total transaction of $2,893,500.00. Following the completion of the sale, the chief executive officer now owns 715,727 shares in the company, valued at $69,031,869.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ben G. Campbell sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $400,000.00. The disclosure for this sale can be found here. Insiders have sold 46,758 shares of company stock valued at $4,526,546 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CHRW. Luminus Management LLC increased its holdings in C.H. Robinson Worldwide by 268.3% during the second quarter. Luminus Management LLC now owns 1,253,027 shares of the transportation company’s stock worth $104,828,000 after buying an additional 912,800 shares during the last quarter. Janus Henderson Group PLC increased its holdings in C.H. Robinson Worldwide by 255.2% during the second quarter. Janus Henderson Group PLC now owns 1,246,059 shares of the transportation company’s stock worth $104,245,000 after buying an additional 895,269 shares during the last quarter. Bank of America Corp DE increased its stake in shares of C.H. Robinson Worldwide by 10.8% in the second quarter. Bank of America Corp DE now owns 6,253,343 shares of the transportation company’s stock worth $523,154,000 after purchasing an additional 607,678 shares in the last quarter. Millennium Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth about $48,497,000. Finally, Lord Abbett & CO. LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth about $46,536,000. Institutional investors and hedge funds own 85.97% of the company’s stock.
About C.H. Robinson Worldwide
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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