C.H. Robinson Worldwide (NASDAQ:CHRW) Announces Quarterly Earnings Results

C.H. Robinson Worldwide (NASDAQ:CHRW) issued its quarterly earnings data on Wednesday. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19, Briefing.com reports. C.H. Robinson Worldwide had a return on equity of 26.34% and a net margin of 1.74%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the prior year, the business earned $0.90 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis.

C.H. Robinson Worldwide Stock Up 14.1 %

CHRW traded up $12.53 during trading on Thursday, reaching $101.58. 2,814,491 shares of the stock traded hands, compared to its average volume of 1,657,917. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 39.85, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. The stock’s 50-day simple moving average is $87.12 and its two-hundred day simple moving average is $80.03. C.H. Robinson Worldwide has a fifty-two week low of $65.00 and a fifty-two week high of $105.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.37 and a quick ratio of 1.37.

C.H. Robinson Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, June 7th. C.H. Robinson Worldwide’s payout ratio is 96.44%.

Analyst Upgrades and Downgrades

CHRW has been the topic of a number of research analyst reports. Evercore ISI raised C.H. Robinson Worldwide from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $82.00 to $99.00 in a report on Tuesday, June 25th. Vertical Research upgraded C.H. Robinson Worldwide from a “sell” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Tuesday, July 9th. Barclays upped their price target on C.H. Robinson Worldwide from $65.00 to $70.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. Raymond James started coverage on C.H. Robinson Worldwide in a research note on Wednesday, May 15th. They set a “market perform” rating for the company. Finally, Bank of America upgraded C.H. Robinson Worldwide from an “underperform” rating to a “buy” rating and increased their price target for the stock from $76.00 to $99.00 in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $94.00.

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.