Seaport Global Securities Comments on YRC Worldwide, Inc.’s Q2 2018 Earnings (YRCW)
YRC Worldwide, Inc. (NASDAQ:YRCW) – Seaport Global Securities decreased their Q2 2018 earnings per share estimates for YRC Worldwide in a report released on Wednesday. Seaport Global Securities analyst R. Wood now forecasts that the transportation company will post earnings per share of $0.60 for the quarter, down from their previous estimate of $0.75. Seaport Global Securities also issued estimates for YRC Worldwide’s Q1 2019 earnings at ($0.24) EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.69 EPS and FY2019 earnings at $1.65 EPS.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate 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. During the same quarter in the previous year, the business posted $0.83 earnings per share. YRC Worldwide’s revenue for the quarter was up 4.4% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Seaport Global Securities Comments on YRC Worldwide, Inc.’s Q2 2018 Earnings (YRCW)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/12/seaport-global-securities-comments-on-yrc-worldwide-inc-s-q2-2018-earnings-yrcw.html.
Several other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Thursday, July 13th. BidaskClub upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Aegis restated a “buy” rating and issued a $20.00 target price on shares of YRC Worldwide in a research note on Saturday, September 16th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $18.00 target price (up from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.75.
Shares of YRC Worldwide (NASDAQ:YRCW) traded up 0.91% during midday trading on Thursday, hitting $13.29. 252,348 shares of the stock were exchanged. The firm has a 50 day moving average of $13.19 and a 200 day moving average of $11.41. 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 $445.64 million, a P/E ratio of 4430.00 and a beta of 3.73.
Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in shares of YRC Worldwide by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 1,681 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in YRC Worldwide in the second quarter valued at $673,000. Voya Investment Management LLC raised its holdings in YRC Worldwide by 18.7% in the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after acquiring an additional 2,720 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in YRC Worldwide by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,583,122 shares of the transportation company’s stock valued at $17,604,000 after acquiring an additional 4,265 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in YRC Worldwide by 92.9% in the second quarter. Parametric Portfolio Associates LLC now owns 169,472 shares of the transportation company’s stock valued at $1,885,000 after acquiring an additional 81,600 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.
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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