Wall Street analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to announce earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for YRC Worldwide’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.21. YRC Worldwide posted earnings of $0.13 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 115.4%. The business is expected to announce its next earnings report on Friday, August 9th.
According to Zacks, analysts expect that YRC Worldwide will report full year earnings of ($0.64) per share for the current fiscal year, with EPS estimates ranging from ($1.01) to ($0.43). For the next fiscal year, analysts expect that the firm will post earnings of $0.63 per share, with EPS estimates ranging from $0.36 to $0.90. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Friday, August 9th. The transportation company reported ($0.71) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.95). YRC Worldwide had a negative net margin of 0.20% and a negative return on equity of 1.93%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was down 4.1% on a year-over-year basis.
Several brokerages have recently issued reports on YRCW. ValuEngine raised shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of YRC Worldwide from a “buy” rating to a “hold” rating and set a $8.25 price target for the company. in a research report on Friday, May 3rd. TheStreet cut shares of YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. BidaskClub cut shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Deutsche Bank set a $8.00 price target on shares of YRC Worldwide and gave the stock a “buy” rating in a research report on Monday, May 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.85.
Shares of NASDAQ YRCW traded up $0.02 during trading on Monday, hitting $2.67. 1,051,132 shares of the company traded hands, compared to its average volume of 937,307. YRC Worldwide has a 1 year low of $2.41 and a 1 year high of $10.23. The stock has a 50-day moving average of $3.44. The company has a market cap of $122.04 million, a price-to-earnings ratio of 5.93 and a beta of 4.41.
Several institutional investors have recently modified their holdings of YRCW. BNP Paribas Arbitrage SA grew its position in YRC Worldwide by 86.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,215 shares of the transportation company’s stock worth $48,000 after purchasing an additional 3,335 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in YRC Worldwide by 1,137.7% during the first quarter. Meeder Asset Management Inc. now owns 4,666 shares of the transportation company’s stock worth $31,000 after buying an additional 4,289 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in YRC Worldwide by 15.3% during the first quarter. Wedbush Securities Inc. now owns 34,600 shares of the transportation company’s stock worth $231,000 after buying an additional 4,600 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in YRC Worldwide by 7.5% during the second quarter. Wells Fargo & Company MN now owns 77,432 shares of the transportation company’s stock worth $313,000 after buying an additional 5,419 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in YRC Worldwide during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 79.66% of the company’s stock.
YRC Worldwide Company Profile
YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.
Recommended Story: What is a Leveraged Buyout (LBO)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for YRC Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.