26 May C.H. Robinson Worldwide Inc (CHRW) to Post Q2 2019 Earnings…
C.H. Robinson Worldwide Inc (NASDAQ:CHRW) – Investment analysts at KeyCorp dropped their Q2 2019 earnings per share estimates for C.H. Robinson Worldwide in a research report issued to clients and investors on Wednesday, May 1st, according to Zacks Investment Research. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $1.26 for the quarter, down from their prior forecast of $1.29. KeyCorp also issued estimates for C.H. Robinson Worldwide’s Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.27 EPS and FY2020 earnings at $5.15 EPS.
A number of other research firms have also recently commented on CHRW. Barclays increased their target price on C.H. Robinson Worldwide from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. BidaskClub cut C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Stifel Nicolaus set a $95.00 target price on C.H. Robinson Worldwide and gave the stock a “buy” rating in a research note on Friday, May 3rd. UBS Group cut C.H. Robinson Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the stock from $99.00 to $83.00 in a research note on Wednesday, May 1st. Finally, Citigroup cut their target price on C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $92.33.
CHRW traded down $1.02 during trading on Friday, reaching $79.72. The stock had a trading volume of 1,451,395 shares, compared to its average volume of 1,263,233. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.84 and a beta of 0.65. C.H. Robinson Worldwide has a one year low of $77.72 and a one year high of $101.20.
C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its quarterly earnings data on Tuesday, April 30th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.98 billion. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share.
Several institutional investors have recently added to or reduced their stakes in CHRW. Kentucky Retirement Systems purchased a new stake in C.H. Robinson Worldwide in the 3rd quarter worth approximately $730,000. Neuberger Berman Group LLC bought a new position in shares of C.H. Robinson Worldwide during the 3rd quarter valued at $208,000. TIAA CREF Investment Management LLC raised its holdings in shares of C.H. Robinson Worldwide by 28.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 334,346 shares of the transportation company’s stock valued at $32,739,000 after purchasing an additional 73,185 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of C.H. Robinson Worldwide by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 818,822 shares of the transportation company’s stock valued at $80,172,000 after purchasing an additional 9,211 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of C.H. Robinson Worldwide by 16.5% during the 3rd quarter. Morgan Stanley now owns 711,089 shares of the transportation company’s stock valued at $69,630,000 after purchasing an additional 100,673 shares in the last quarter. 85.52% of the stock is currently owned by institutional investors.
In other C.H. Robinson Worldwide news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $83.18 per share, with a total value of $99,982.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.65% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is presently 42.28%.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation and Global Forwarding segments. 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 or freight forwarding services, as well as organizes air shipments and offers door-to-door services.
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