C.H. Robinson Worldwide (CHRW) Set to Announce Quarterly Earnings on Wednesday

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.30). The company had revenue of $4.22 billion during the quarter, compared to analysts' expectations of $4.35 billion. C.H. Robinson Worldwide had a net margin of 1.85% and a return on equity of 27.61%. On average, analysts expect C.H. Robinson Worldwide to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

C.H. Robinson Worldwide Trading Up 0.8 %

Shares of C.H. Robinson Worldwide stock traded up $0.59 on Wednesday, reaching $70.94. The company had a trading volume of 1,135,980 shares, compared to its average volume of 1,576,702. The firm's 50 day moving average price is $72.69 and its two-hundred day moving average price is $79.67. The firm has a market cap of $8.30 billion, a PE ratio of 26.18, a PEG ratio of 3.64 and a beta of 0.72. C.H. Robinson Worldwide has a 52-week low of $65.00 and a 52-week high of $106.14. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.40 and a current ratio of 1.40.

C.H. Robinson Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Thursday, February 29th. C.H. Robinson Worldwide's dividend payout ratio (DPR) is 90.04%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHRW shares. Wells Fargo & Company reduced their price target on shares of C.H. Robinson Worldwide from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Thursday, February 1st. 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. Bank of America dropped their price objective on shares of C.H. Robinson Worldwide from $70.00 to $68.00 and set an "underperform" rating for the company in a report on Monday, April 15th. Susquehanna lifted their price objective on shares of C.H. Robinson Worldwide from $79.00 to $80.00 and gave the company a "neutral" rating in a report on Monday, March 25th. Finally, Stifel Nicolaus lifted their price objective on shares of C.H. Robinson Worldwide from $84.00 to $85.00 and gave the company a "hold" rating in a report on Wednesday, January 10th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $81.21.

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.