Analysts Anticipate YRC Worldwide, Inc. (YRCW) Will Announce Earnings of $0.40 Per Share
Wall Street analysts expect YRC Worldwide, Inc. (NASDAQ:YRCW) to announce earnings per share (EPS) of $0.40 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for YRC Worldwide’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.45. YRC Worldwide reported earnings per share of $0.42 during the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that YRC Worldwide will report full-year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.85. For the next fiscal year, analysts forecast that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $1.24 to $1.90. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last released its earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.83 EPS. YRC Worldwide’s revenue was up 4.4% on a year-over-year basis.
Several equities analysts have recently issued reports on YRCW shares. Zacks Investment Research raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Thursday, July 13th. BidaskClub raised shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Aegis reaffirmed a “buy” rating and set a $20.00 price target on shares of YRC Worldwide in a research note on Saturday, September 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 price target (up previously from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. YRC Worldwide presently has a consensus rating of “Hold” and an average target price of $15.75.
YRC Worldwide (YRCW) traded down 3.64% during mid-day trading on Friday, reaching $12.69. 818,402 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $13.23 and a 200-day moving average of $11.42. YRC Worldwide has a 12 month low of $7.36 and a 12 month high of $16.97. The firm has a market cap of $425.52 million, a price-to-earnings ratio of 4230.00 and a beta of 3.73.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new position in YRC Worldwide during the first quarter worth $164,000. Marshall Wace North America L.P. bought a new position in YRC Worldwide during the second quarter worth $168,000. Prudential Financial Inc. bought a new position in YRC Worldwide during the first quarter worth $177,000. Voya Investment Management LLC raised its stake in YRC Worldwide by 18.7% during the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after buying an additional 2,720 shares during the last quarter. Finally, Aperio Group LLC bought a new position in YRC Worldwide during the second quarter worth $193,000. 83.33% of the stock is owned by institutional investors and hedge funds.
About YRC Worldwide
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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