Seaport Global Securities Analysts Lower Earnings Estimates for YRC Worldwide, Inc. (YRCW)
YRC Worldwide, Inc. (NASDAQ:YRCW) – Analysts at Seaport Global Securities dropped their Q3 2017 earnings per share estimates for shares of YRC Worldwide in a research note issued to investors on Wednesday. Seaport Global Securities analyst R. Wood now anticipates that the transportation company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.79. Seaport Global Securities also issued estimates for YRC Worldwide’s Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $0.47 EPS, Q1 2018 earnings at ($0.34) EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.25 EPS.
YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS.
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Several other research analysts also recently commented on the company. Aegis reiterated a “buy” rating and issued a $20.00 price objective on shares of YRC Worldwide in a report on Saturday, September 16th. Zacks Investment Research downgraded YRC Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 13th. BidaskClub downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Stifel Nicolaus reissued 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 investment 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. YRC Worldwide currently has a consensus rating of “Hold” and an average price target of $15.75.
Shares of YRC Worldwide (YRCW) opened at 13.17 on Friday. The firm has a 50 day moving average price of $13.23 and a 200-day moving average price of $11.42. The company has a market cap of $441.62 million, a price-to-earnings ratio of 4390.00 and a beta of 3.73. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $16.97.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. bought a new stake in shares of YRC Worldwide in the second quarter worth about $168,000. Prudential Financial Inc. bought a new stake in shares of YRC Worldwide in the first quarter worth about $177,000. Voya Investment Management LLC grew its stake in shares of YRC Worldwide by 18.7% in the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after purchasing an additional 2,720 shares during the last quarter. Aperio Group LLC bought a new stake in shares of YRC Worldwide in the second quarter worth about $193,000. Finally, American International Group Inc. grew its stake in shares of YRC Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 20,045 shares of the transportation company’s stock worth $221,000 after purchasing an additional 1,327 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.
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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