C.H. Robinson Worldwide Inc Expected to Post FY2019 Earnings of $4.95 Per Share (NASDAQ:CHRW)

C.H. Robinson Worldwide Inc (NASDAQ:CHRW) – Analysts at KeyCorp cut their FY2019 earnings per share estimates for shares of C.H. Robinson Worldwide in a research note issued on Wednesday, May 1st, Zacks Investment Research reports. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $4.95 per share for the year, down from their prior estimate of $5.10.

C.H. Robinson Worldwide (NASDAQ:CHRW) last issued its earnings results on Tuesday, April 30th. The transportation company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. C.H. Robinson Worldwide had a return on equity of 43.21% and a net margin of 4.16%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the company posted $1.01 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year.

CHRW has been the topic of several other reports. BidaskClub upgraded shares of C.H. Robinson Worldwide from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 3rd. Stifel Nicolaus set a $95.00 target price on shares of C.H. Robinson Worldwide and gave the company a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research cut shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Barclays upped their target price on shares of C.H. Robinson Worldwide from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, Citigroup decreased their target price on shares of C.H. Robinson Worldwide from $102.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $92.33.

Shares of NASDAQ CHRW traded down $0.90 during midday trading on Monday, hitting $78.79. 1,242,639 shares of the company’s stock were exchanged, compared to its average volume of 1,271,633. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.81. C.H. Robinson Worldwide has a 12 month low of $77.72 and a 12 month high of $101.20. The company has a market capitalization of $10.76 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.77 and a beta of 0.65.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc increased its position in shares of C.H. Robinson Worldwide by 3.1% during the third quarter. Vanguard Group Inc now owns 16,437,440 shares of the transportation company’s stock worth $1,609,555,000 after acquiring an additional 491,114 shares during the period. BlackRock Inc. boosted its stake in shares of C.H. Robinson Worldwide by 3.2% during the first quarter. BlackRock Inc. now owns 12,061,557 shares of the transportation company’s stock valued at $1,049,234,000 after purchasing an additional 378,132 shares in the last quarter. FMR LLC boosted its stake in shares of C.H. Robinson Worldwide by 1.4% during the first quarter. FMR LLC now owns 8,125,920 shares of the transportation company’s stock valued at $706,873,000 after purchasing an additional 111,607 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of C.H. Robinson Worldwide by 1.1% during the fourth quarter. Baillie Gifford & Co. now owns 5,167,259 shares of the transportation company’s stock valued at $434,515,000 after purchasing an additional 57,415 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of C.H. Robinson Worldwide by 5,277.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,857,462 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 2,804,328 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Robert C. Biesterfeld, Jr. acquired 1,202 shares of C.H. Robinson Worldwide 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.65% of the company’s stock.

The company 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Thursday, June 6th. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 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.

Further Reading: What are benefits of a growth and income fund?

Get a free copy of the Zacks research report on C.H. Robinson Worldwide (CHRW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for C.H. Robinson Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C.H. Robinson Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.