Brokerages Expect YRC Worldwide Inc. (YRCW) to Post $0.44 EPS
YRC Worldwide Inc. (NASDAQ:YRCW) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price target of $15.00 for the company and are forecasting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also given YRC Worldwide an industry rank of 243 out of 265 based on the ratings given to related companies.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, July 30th. Standpoint Research reaffirmed a “buy” rating on shares of YRC Worldwide in a research note on Wednesday, July 27th. Deutsche Bank AG set a $13.00 price objective on shares of YRC Worldwide and gave the stock a “buy” rating in a research note on Thursday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $14.00 price objective on shares of YRC Worldwide in a research note on Monday, June 27th.
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In other news, insider Thomas Joseph O’connor III sold 14,411 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $11.97, for a total transaction of $172,499.67. Following the transaction, the insider now directly owns 34,747 shares in the company, valued at $415,921.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jamie G. Pierson sold 49,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $11.28, for a total transaction of $552,720.00. Following the transaction, the insider now owns 191,981 shares in the company, valued at $2,165,545.68. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of YRC Worldwide by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 156,478 shares of the company’s stock worth $1,377,000 after buying an additional 413 shares during the last quarter. American Century Companies Inc. raised its position in shares of YRC Worldwide by 0.3% in the second quarter. American Century Companies Inc. now owns 311,752 shares of the company’s stock worth $2,743,000 after buying an additional 870 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of YRC Worldwide by 6.5% in the second quarter. Parametric Portfolio Associates LLC now owns 59,275 shares of the company’s stock worth $522,000 after buying an additional 3,594 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of YRC Worldwide by 34.1% in the second quarter. Alliancebernstein L.P. now owns 16,920 shares of the company’s stock worth $149,000 after buying an additional 4,300 shares during the last quarter. Finally, Smith Asset Management Group LP raised its position in shares of YRC Worldwide by 69.0% in the second quarter. Smith Asset Management Group LP now owns 18,130 shares of the company’s stock worth $160,000 after buying an additional 7,400 shares during the last quarter. Institutional investors own 79.01% of the company’s stock.
YRC Worldwide (NASDAQ:YRCW) traded up 2.98% on Tuesday, reaching $12.45. 173,633 shares of the company’s stock traded hands. YRC Worldwide has a 52-week low of $6.25 and a 52-week high of $18.50. The firm has a market capitalization of $414.34 million, a PE ratio of 35.37 and a beta of 2.81. The firm’s 50 day moving average price is $12.02 and its 200 day moving average price is $10.23.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, July 28th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.25. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. YRC Worldwide had a net margin of 0.24% and a negative return on equity of 10.39%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, analysts predict that YRC Worldwide will post $1.04 EPS for the current fiscal year.
YRC Worldwide Company Profile
YRC Worldwide Inc (YRC Worldwide) is a holding company that, through its subsidiaries and its interest in a Chinese joint venture, offers a range of transportation services. The Company has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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