C.H. Robinson Worldwide (NASDAQ:CHRW) Posts Earnings Results, Beats Expectations By $0.16 EPS

by · The Cerbat Gem

C.H. Robinson Worldwide (NASDAQ:CHRW – Get Free Report) issued its quarterly earnings results on Wednesday. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16, Briefing.com reports. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.53 billion. C.H. Robinson Worldwide had a net margin of 1.90% and a return on equity of 27.84%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share.

C.H. Robinson Worldwide Price Performance

NASDAQ:CHRW traded down $5.63 during mid-day trading on Thursday, reaching $104.01. 2,392,359 shares of the stock were exchanged, compared to its average volume of 1,534,442. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $105.68 and a 200 day moving average price of $92.84. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $113.10. The firm has a market capitalization of $12.20 billion, a PE ratio of 37.67, a PEG ratio of 2.19 and a beta of 0.82.

C.H. Robinson Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were issued a $0.62 dividend. This is a positive change from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.48 annualized dividend and a dividend yield of 2.38%. C.H. Robinson Worldwide’s dividend payout ratio is 89.53%.

Insider Activity

In other C.H. Robinson Worldwide news, insider Michael John Short sold 10,894 shares of C.H. Robinson Worldwide stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total value of $1,071,751.72. Following the transaction, the insider now owns 70,943 shares in the company, valued at approximately $6,979,372.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

CHRW has been the topic of a number of recent analyst reports. Susquehanna upped their target price on shares of C.H. Robinson Worldwide from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. TD Cowen increased their target price on C.H. Robinson Worldwide from $103.00 to $113.00 and gave the stock a “hold” rating in a report on Thursday. Benchmark boosted their price target on C.H. Robinson Worldwide from $90.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Baird R W raised shares of C.H. Robinson Worldwide to a “hold” rating in a report on Wednesday, July 3rd. Finally, Bank of America raised shares of C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and lifted their price target for the company from $76.00 to $99.00 in a report on Monday, July 22nd. Two research 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.24.

Check Out Our Latest Report on C.H. Robinson Worldwide

C.H. Robinson Worldwide Company Profile

(Get Free Report)

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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