Wall Street analysts predict that C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) will announce $4.67 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for C.H. Robinson Worldwide’s earnings. The lowest sales estimate is $4.35 billion and the highest is $5.10 billion. C.H. Robinson Worldwide posted sales of $3.63 billion in the same quarter last year, which suggests a positive year over year growth rate of 28.7%. The business is expected to report its next earnings report on Tuesday, July 27th.
On average, analysts expect that C.H. Robinson Worldwide will report full-year sales of $18.09 billion for the current fiscal year, with estimates ranging from $17.33 billion to $19.13 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $18.04 billion, with estimates ranging from $15.90 billion to $19.28 billion. Zacks’ sales averages are an average based on a survey of analysts that follow C.H. Robinson Worldwide.
C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings results on Tuesday, April 27th. The transportation company reported $1.28 EPS for the quarter, topping 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 net margin of 2.96% and a return on equity of 26.78%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS.
CHRW stock traded up $0.23 during mid-day trading on Thursday, hitting $99.30. The company had a trading volume of 1,103,634 shares, compared to its average volume of 1,127,525. The company has a market capitalization of $13.02 billion, a price-to-earnings 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 quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $97.53 and a 200 day moving average price of $94.33.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 5th were issued a $0.51 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is currently 48.69%.
Several hedge funds and other institutional investors have recently bought and sold shares of CHRW. Wealthcare Advisory Partners LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth $25,000. Arkadios Wealth Advisors raised its holdings in shares of C.H. Robinson Worldwide by 188.7% in the first quarter. Arkadios Wealth Advisors now owns 306 shares of the transportation company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Tompkins Financial Corp raised its holdings in shares of C.H. Robinson Worldwide by 264.0% in the fourth quarter. Tompkins Financial Corp now owns 455 shares of the transportation company’s stock worth $30,000 after buying an additional 330 shares during the last quarter. Paradigm Strategies in Wealth Management LLC purchased a new position in shares of C.H. Robinson Worldwide in the first quarter worth $33,000. Finally, Vantage Consulting Group Inc purchased a new position in shares of C.H. Robinson Worldwide in the fourth quarter worth $40,000. 92.95% of the stock is owned by institutional investors and hedge funds.
C.H. Robinson Worldwide Company Profile
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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