C.H. Robinson Worldwide (NASDAQ:CHRW) Issues Earnings Results, Beats Expectations By $0.26 EPS

C.H. Robinson Worldwide (NASDAQ:CHRW) released its quarterly earnings data on Wednesday. The transportation company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.26, Briefing.com reports. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.27 billion. C.H. Robinson Worldwide had a return on equity of 27.61% and a net margin of 1.85%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share.

C.H. Robinson Worldwide Stock Performance

Shares of NASDAQ CHRW traded up $10.76 during trading hours on Thursday, reaching $82.85. 2,340,629 shares of the stock were exchanged, compared to its average volume of 1,620,378. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 3.65 and a beta of 0.75. 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 has a 52 week low of $65.00 and a 52 week high of $106.14. The stock’s fifty day simple moving average is $72.55 and its 200 day simple moving average is $79.17.

C.H. Robinson Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $0.61 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.95%. C.H. Robinson Worldwide’s dividend payout ratio (DPR) is currently 90.04%.

Analyst Upgrades and Downgrades

CHRW has been the subject of several recent analyst reports. StockNews.com downgraded C.H. Robinson Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. lowered their price target on C.H. Robinson Worldwide from $75.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Wolfe Research upgraded C.H. Robinson Worldwide from an “underperform” rating to a “peer perform” rating in a report on Thursday, April 11th. BNP Paribas restated a “neutral” rating and issued a $76.00 price target on shares of C.H. Robinson Worldwide in a report on Wednesday, March 27th. Finally, Bank of America lowered their price target on 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. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.20.

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.