By otakuyassine3@gmail.com 
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) will likely be announcing its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.10 per share and revenue of $4,433,241.82 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a net margin of 1.96% and a return on equity of 30.38%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. C.H. Robinson Worldwide’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts expect C.H. Robinson Worldwide to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
C.H. Robinson Worldwide Stock Performance
Shares of CHRW opened at $109.05 on Tuesday. The company has a 50-day simple moving average of $105.86 and a two-hundred day simple moving average of $103.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $12.89 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 0.87 and a beta of 0.83. C.H. Robinson Worldwide has a one year low of $65.00 and a one year high of $114.82.
C.H. Robinson Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, December 6th. C.H. Robinson Worldwide’s payout ratio is presently 85.81%.
Insider Activity
In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,408 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the completion of the sale, the insider now directly owns 70,943 shares in the company, valued at $7,794,507.41. The trade was a 12.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Castagnetto sold 2,032 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $103.81, for a total transaction of $210,941.92. Following the completion of the transaction, the insider now owns 34,469 shares in the company, valued at $3,578,226.89. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on CHRW shares. TD Cowen increased their price objective on C.H. Robinson Worldwide from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Citigroup upgraded shares of C.H. Robinson Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 13th. Barclays boosted their price objective on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Wells Fargo & Company raised shares of C.H. Robinson Worldwide from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $118.00 to $130.00 in a research note on Monday, December 9th. Finally, Raymond James raised C.H. Robinson Worldwide from a “market perform” rating to an “outperform” rating and set a $123.00 price target on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.71.
Read Our Latest Stock Report on CHRW
About C.H. Robinson Worldwide
C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.
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