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

C.H. Robinson Worldwide (NASDAQ:CHRW) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Wednesday, May 1st. The transportation company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.60 by $0.26. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a net margin of 1.74% and a return on equity of 26.34%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. On average, analysts expect C.H. Robinson Worldwide to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

C.H. Robinson Worldwide Trading Down 0.2 %

Shares of C.H. Robinson Worldwide stock opened at $89.25 on Tuesday. The company has a 50-day simple moving average of $86.89 and a 200 day simple moving average of $79.95. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.99. C.H. Robinson Worldwide has a 12-month low of $65.00 and a 12-month high of $100.88. The stock has a market capitalization of $10.45 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 2.35 and a beta of 0.80.

C.H. Robinson Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, June 7th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 96.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHRW. Wolfe Research raised C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. BMO Capital Markets lifted their target price on shares of C.H. Robinson Worldwide from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Wells Fargo & Company began coverage on C.H. Robinson Worldwide in a report on Friday, June 7th. They set an “equal weight” rating and a $94.00 target price on the stock. UBS Group upgraded shares of C.H. Robinson Worldwide from a “sell” rating to a “neutral” rating and increased their target price for the stock from $71.00 to $90.00 in a report on Thursday, June 6th. Finally, Raymond James began coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, May 15th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.78.

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.