C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Declares $0.62 Quarterly Dividend

Key Points

• C.H. Robinson Worldwide, Inc. announced a quarterly dividend of $0.62 per share, payable on October 2nd to shareholders of record as of September 5th, representing a 2.1% yield.
• The company has a payout ratio of 45.3%, indicating strong coverage by earnings, with analysts expecting earnings of $5.59 per share next year.
• C.H. Robinson reported earnings of $1.29 per share for the last quarter, exceeding estimates, despite a 7.7% revenue decline year-over-year.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, September 5th will be given a dividend of 0.62 per share by the transportation company on Thursday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 5th.

C.H. Robinson Worldwide has a payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings. Analysts expect C.H. Robinson Worldwide to earn $5.59 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 44.4%.

C.H. Robinson Worldwide Stock Performance

Shares of CHRW traded up $1.36 during midday trading on Wednesday, reaching $120.13. 277,208 shares of the stock were exchanged, compared to its average volume of 1,323,152. C.H. Robinson Worldwide has a twelve month low of $84.68 and a twelve month high of $120.48. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market cap of $14.19 billion, a P/E ratio of 27.31, a PEG ratio of 1.83 and a beta of 0.86. The stock's 50 day simple moving average is $100.44 and its 200 day simple moving average is $97.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last issued its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.17 by $0.12. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.16 billion. C.H. Robinson Worldwide had a return on equity of 35.01% and a net margin of 3.14%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 earnings per share. On average, sell-side analysts expect that C.H. Robinson Worldwide will post 4.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHRW has been the topic of several research reports. Baird R W upgraded C.H. Robinson Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Susquehanna restated a "positive" rating and set a $120.00 price target (up from $115.00) on shares of C.H. Robinson Worldwide in a report on Tuesday, June 24th. TD Securities boosted their price target on C.H. Robinson Worldwide from $111.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Bank of America boosted their price target on C.H. Robinson Worldwide from $106.00 to $117.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, UBS Group restated a "buy" rating and set a $133.00 price target (up from $129.00) on shares of C.H. Robinson Worldwide in a report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.33.

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.