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

C.H. Robinson Worldwide (NASDAQ:CHRW) announced its earnings results on Wednesday. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.16, Briefing.com reports. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.53 billion. C.H. Robinson Worldwide had a return on equity of 31.35% and a net margin of 1.96%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ:CHRW traded down $0.13 on Friday, hitting $102.91. The company had a trading volume of 344,236 shares, compared to its average volume of 1,536,820. C.H. Robinson Worldwide has a 1-year low of $65.00 and a 1-year high of $113.10. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 1.44 and a beta of 0.82. The stock has a 50 day moving average price of $105.72 and a 200 day moving average price of $92.91. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94.

C.H. Robinson Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.41%. This is a boost from C.H. Robinson Worldwide’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, September 6th. C.H. Robinson Worldwide’s payout ratio is 85.81%.

Insider Activity at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 10,894 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $98.38, for a total transaction of $1,071,751.72. Following the completion of the sale, the insider now owns 70,943 shares of the company’s stock, valued at approximately $6,979,372.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. UBS Group upgraded shares of C.H. Robinson Worldwide from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $140.00 in a research report on Friday, October 4th. Benchmark lifted 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. Citigroup assumed coverage on shares of C.H. Robinson Worldwide in a report on Wednesday, October 9th. They set a “neutral” rating and a $115.00 price target for the company. Evercore ISI boosted their price objective on C.H. Robinson Worldwide from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $102.94.

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.