C.H. Robinson Worldwide (CHRW) to Release Earnings on Wednesday

C.H. Robinson Worldwide (NASDAQ:CHRW) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its quarterly earnings data on Wednesday, January 31st. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.30). The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. On average, analysts expect C.H. Robinson Worldwide to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW opened at $70.35 on Wednesday. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 3.66 and a beta of 0.72. The company has a 50-day moving average price of $72.75 and a 200-day moving average price of $79.73. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.00. C.H. Robinson Worldwide has a 12 month low of $65.00 and a 12 month high of $106.14.

C.H. Robinson Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, February 29th. C.H. Robinson Worldwide’s payout ratio is currently 90.04%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHRW. Susquehanna increased their price target on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Wells Fargo & Company decreased their price target on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Thursday, February 1st. Wolfe Research raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. BNP Paribas reissued a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a research note on Wednesday, March 27th. Finally, BMO Capital Markets decreased their price target on shares of C.H. Robinson Worldwide from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $81.21.

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.