C.H. Robinson Worldwide (NASDAQ:CHRW) Announces Earnings Results

C.H. Robinson Worldwide (NASDAQ:CHRW) announced its quarterly earnings results on Wednesday. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.19, Briefing.com reports. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 28.30%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 EPS.

C.H. Robinson Worldwide Stock Performance

NASDAQ CHRW traded down $0.13 during trading on Friday, reaching $102.08. The company’s stock had a trading volume of 154,830 shares, compared to its average volume of 1,656,564. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 40.40, a P/E/G ratio of 2.33 and a beta of 0.80. C.H. Robinson Worldwide has a twelve month low of $65.00 and a twelve month high of $105.41. The business’s fifty day moving average price is $87.47 and its 200-day moving average price is $80.18.

C.H. Robinson Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.44 dividend on an annualized basis and a yield of 2.39%. C.H. Robinson Worldwide’s dividend payout ratio is presently 96.44%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHRW. Wolfe Research upgraded shares of C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Barclays raised their price target on shares of C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. UBS Group raised their price target on shares of C.H. Robinson Worldwide from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday. Baird R W upgraded shares of C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Finally, Wells Fargo & Company raised their price target on shares of C.H. Robinson Worldwide from $94.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.00.

C.H. Robinson Worldwide Company Profile

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.