$1.26 Billion in Sales Expected for YRC Worldwide, Inc. (YRCW) This Quarter
Analysts expect that YRC Worldwide, Inc. (NASDAQ:YRCW) will announce sales of $1.26 billion for the current quarter, Zacks reports. Three analysts have provided estimates for YRC Worldwide’s earnings, with estimates ranging from $1.25 billion to $1.27 billion. YRC Worldwide reported sales of $1.22 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The company is scheduled to report its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that YRC Worldwide will report full-year sales of $1.26 billion for the current fiscal year, with estimates ranging from $4.90 billion to $4.91 billion. For the next year, analysts anticipate that the firm will post sales of $5.16 billion per share, with estimates ranging from $5.11 billion to $5.20 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS.
A number of equities analysts recently weighed in on YRCW shares. BidaskClub downgraded shares of YRC Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of YRC Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. Aegis reissued a “buy” rating and issued a $20.00 price target on shares of YRC Worldwide in a report on Saturday, September 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $18.00 price target (up from $16.00) on shares of YRC Worldwide in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. YRC Worldwide presently has an average rating of “Hold” and a consensus target price of $15.75.
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Shares of YRC Worldwide (NASDAQ YRCW) opened at 13.24 on Thursday. The firm has a market cap of $443.96 million, a PE ratio of 4413.33 and a beta of 3.77. YRC Worldwide has a 52 week low of $7.36 and a 52 week high of $16.97. The firm has a 50-day moving average of $12.61 and a 200-day moving average of $11.17.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YRCW. Formula Growth Ltd. lifted its holdings in YRC Worldwide by 277.4% during the second quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock valued at $11,120,000 after purchasing an additional 735,000 shares during the last quarter. Northpointe Capital LLC lifted its holdings in YRC Worldwide by 139.3% during the second quarter. Northpointe Capital LLC now owns 1,186,033 shares of the transportation company’s stock valued at $13,189,000 after purchasing an additional 690,449 shares during the last quarter. Vanguard Group Inc. lifted its holdings in YRC Worldwide by 29.7% during the first quarter. Vanguard Group Inc. now owns 2,174,693 shares of the transportation company’s stock valued at $23,943,000 after purchasing an additional 497,565 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in YRC Worldwide during the second quarter valued at about $3,516,000. Finally, FMR LLC lifted its holdings in YRC Worldwide by 31.3% during the first quarter. FMR LLC now owns 1,298,232 shares of the transportation company’s stock valued at $14,294,000 after purchasing an additional 309,400 shares during the last quarter. 83.33% of the stock is currently 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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