YRC Worldwide Inc (YRCW) Expected to Post Quarterly Sales of $1.26 Billion
Analysts expect that YRC Worldwide Inc (NASDAQ:YRCW) will post sales of $1.26 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for YRC Worldwide’s earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.27 billion. YRC Worldwide posted sales of $1.21 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The business is scheduled to report its next earnings report on Thursday, July 27th.
On average, analysts expect that YRC Worldwide will report full year sales of $1.26 billion for the current year, with estimates ranging from $4.89 billion to $4.92 billion. For the next financial year, analysts forecast that the firm will post sales of $5.15 billion per share, with estimates ranging from $5.09 billion to $5.2 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Monday, February 6th. The transportation company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.11. YRC Worldwide had a net margin of 0.46% and a negative return on equity of 5.89%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted ($0.73) earnings per share. The firm’s revenue was up .5% compared to the same quarter last year.
Several research firms recently issued reports on YRCW. Zacks Investment Research downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Stifel Nicolaus restated a “positive” rating and issued a $18.00 price target on shares of YRC Worldwide in a research note on Monday, March 6th. Finally, Deutsche Bank AG reduced their price target on YRC Worldwide from $18.00 to $11.00 and set a “hold” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. YRC Worldwide presently has a consensus rating of “Hold” and an average target price of $15.75.
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YRC Worldwide (NASDAQ:YRCW) traded down 3.06% during midday trading on Friday, hitting $7.93. The stock had a trading volume of 547,885 shares. The firm has a 50-day moving average price of $10.46 and a 200-day moving average price of $12.34. The firm has a market capitalization of $265.89 million, a price-to-earnings ratio of 32.77 and a beta of 3.33. YRC Worldwide has a 1-year low of $7.89 and a 1-year high of $16.97.
In related news, insider Darren Hawkins sold 7,500 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $12.50, for a total value of $93,750.00. Following the completion of the sale, the insider now directly owns 72,044 shares in the company, valued at approximately $900,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Robert Davidson sold 3,800 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $13.11, for a total value of $49,818.00. Following the completion of the sale, the director now owns 22,357 shares of the company’s stock, valued at $293,100.27. The disclosure for this sale can be found here. Insiders sold a total of 32,531 shares of company stock valued at $418,573 over the last 90 days. 3.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in YRC Worldwide by 1.5% in the third quarter. BlackRock Inc. now owns 23,872 shares of the transportation company’s stock valued at $294,000 after buying an additional 358 shares during the period. American International Group Inc. increased its stake in YRC Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 20,045 shares of the transportation company’s stock valued at $221,000 after buying an additional 1,327 shares during the period. BlackRock Advisors LLC increased its stake in YRC Worldwide by 1.6% in the third quarter. BlackRock Advisors LLC now owns 133,731 shares of the transportation company’s stock valued at $1,648,000 after buying an additional 2,128 shares during the period. Cadence Capital Management LLC increased its stake in YRC Worldwide by 4.4% in the first quarter. Cadence Capital Management LLC now owns 56,459 shares of the transportation company’s stock valued at $622,000 after buying an additional 2,378 shares during the period. Finally, Menta Capital LLC increased its stake in YRC Worldwide by 2.7% in the fourth quarter. Menta Capital LLC now owns 158,358 shares of the transportation company’s stock valued at $2,103,000 after buying an additional 4,210 shares during the period. Institutional investors and hedge funds own 87.10% of the company’s stock.
YRC Worldwide Company Profile
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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