C.H. Robinson Worldwide Inc (CHRW) Expected to Post Quarterly Sales of $4.27 Billion
Equities research analysts expect C.H. Robinson Worldwide Inc (NASDAQ:CHRW) to post sales of $4.27 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for C.H. Robinson Worldwide’s earnings, with the highest sales estimate coming in at $4.36 billion and the lowest estimate coming in at $4.13 billion. C.H. Robinson Worldwide posted sales of $3.78 billion in the same quarter last year, which would indicate a positive year over year growth rate of 13%. The company is scheduled to announce 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 year, with estimates ranging from $16.59 billion to $17.02 billion. For the next financial year, analysts expect 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 averages are an average based on a survey of analysts that cover C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings results on Tuesday, July 31st. The transportation company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.07. C.H. Robinson Worldwide had a return on equity of 38.81% and a net margin of 3.59%. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm earned $0.78 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 15.3% on a year-over-year basis.
In related news, insider Michael John Short sold 4,527 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $96.12, for a total transaction of $435,135.24. Following the transaction, the insider now owns 14,717 shares of the company’s stock, valued at $1,414,598.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael W. Neill sold 452 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $96.10, for a total value of $43,437.20. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHRW. Two Sigma Advisers LP purchased a new position in shares of C.H. Robinson Worldwide during the fourth quarter worth about $630,000. D.B. Root & Company LLC purchased a new position in shares of C.H. Robinson Worldwide during the first quarter worth about $219,000. Dupont Capital Management Corp grew its holdings in shares of C.H. Robinson Worldwide by 548.9% during the first quarter. Dupont Capital Management Corp now owns 32,934 shares of the transportation company’s stock worth $3,086,000 after buying an additional 27,859 shares during the last quarter. Sentry Investment Management LLC grew its holdings in shares of C.H. Robinson Worldwide by 90.2% during the first quarter. Sentry Investment Management LLC now owns 10,164 shares of the transportation company’s stock worth $952,000 after buying an additional 4,820 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of C.H. Robinson Worldwide by 102.4% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 7,431 shares of the transportation company’s stock worth $696,000 after buying an additional 3,759 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.
C.H. Robinson Worldwide stock traded up $0.74 during midday trading on Thursday, reaching $97.14. The company’s stock had a trading volume of 1,009,233 shares, compared to its average volume of 1,409,712. C.H. Robinson Worldwide has a fifty-two week low of $66.14 and a fifty-two week high of $100.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $13.15 billion, a PE ratio of 27.91, a P/E/G ratio of 2.37 and a beta of 0.44.
C.H. Robinson Worldwide announced that its board has approved a share buyback program on Thursday, May 10th that permits the company to buyback 15,000,000 outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th 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 1.89%. The ex-dividend date is Thursday, September 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 52.87%.
C.H. Robinson Worldwide Company Profile
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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