Brokerages expect YRC Worldwide Inc (NASDAQ:YRCW) to report earnings per share (EPS) of ($0.17) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for YRC Worldwide’s earnings. The lowest EPS estimate is ($0.36) and the highest is $0.01. YRC Worldwide reported earnings of $0.13 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 230.8%. The firm is expected to announce its next earnings results on Thursday, November 7th.
On average, analysts expect that YRC Worldwide will report full year earnings of ($2.74) per share for the current financial year, with EPS estimates ranging from ($2.98) to ($2.49). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.22) per share, with EPS estimates ranging from ($0.76) to $0.12. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Friday, August 9th. The transportation company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.95). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. The business’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share.
Several research firms have weighed in on YRCW. ValuEngine raised shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Stephens set a $5.00 price target on shares of YRC Worldwide and gave the stock a “hold” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $7.85.
Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new position in shares of YRC Worldwide in the second quarter valued at about $216,000. Acadian Asset Management LLC increased its position in shares of YRC Worldwide by 33.3% in the second quarter. Acadian Asset Management LLC now owns 532,130 shares of the transportation company’s stock valued at $2,144,000 after acquiring an additional 132,799 shares during the period. SG Americas Securities LLC purchased a new position in shares of YRC Worldwide in the second quarter valued at about $252,000. Bogle Investment Management L P DE increased its position in shares of YRC Worldwide by 190.1% in the second quarter. Bogle Investment Management L P DE now owns 217,505 shares of the transportation company’s stock valued at $877,000 after acquiring an additional 142,523 shares during the period. Finally, Panagora Asset Management Inc. increased its position in shares of YRC Worldwide by 77.6% in the second quarter. Panagora Asset Management Inc. now owns 87,586 shares of the transportation company’s stock valued at $353,000 after acquiring an additional 38,263 shares during the period. Hedge funds and other institutional investors own 81.82% of the company’s stock.
YRC Worldwide stock remained flat at $$4.30 during mid-day trading on Friday. 1,248,103 shares of the company’s stock traded hands, compared to its average volume of 1,110,935. The stock has a market cap of $155.98 million, a PE ratio of 9.56 and a beta of 4.63. The business has a 50 day moving average of $3.28 and a 200 day moving average of $4.36. YRC Worldwide has a 1-year low of $1.95 and a 1-year high of $8.67.
About YRC Worldwide
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.
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