YRC Worldwide, Inc. (YRCW) Forecasted to Post FY2017 Earnings of $0.20 Per Share
YRC Worldwide, Inc. (NASDAQ:YRCW) – Analysts at Seaport Global Securities decreased their FY2017 earnings per share (EPS) estimates for shares of YRC Worldwide in a research report issued on Thursday. Seaport Global Securities analyst R. Wood now forecasts that the transportation company will post earnings of $0.20 per share for the year, down from their previous estimate of $0.47. Seaport Global Securities also issued estimates for YRC Worldwide’s Q4 2017 earnings at $0.10 EPS, Q4 2018 earnings at $0.40 EPS and Q1 2019 earnings at ($0.26) EPS.
Other research analysts have also issued research reports about the company. Stifel Nicolaus reissued a “buy” rating and set a $18.00 price objective (down previously from $19.00) on shares of YRC Worldwide in a report on Thursday. Zacks Investment Research raised YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, October 18th. BidaskClub lowered YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Finally, Aegis reissued a “buy” rating and set a $20.00 price objective on shares of YRC Worldwide in a report on Saturday, September 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. YRC Worldwide has an average rating of “Hold” and an average price target of $15.75.
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YRC Worldwide (NASDAQ:YRCW) opened at 13.37 on Monday. The stock has a 50 day moving average of $13.23 and a 200-day moving average of $11.50. The company has a market cap of $448.32 million, a PE ratio of 4456.67 and a beta of 3.73. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $16.97.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.09. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.83 EPS.
Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. purchased a new stake in YRC Worldwide in the second quarter worth approximately $168,000. Prudential Financial Inc. purchased a new stake in YRC Worldwide in the first quarter worth approximately $177,000. Voya Investment Management LLC boosted its stake 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 worth $192,000 after buying an additional 2,720 shares in the last quarter. Aperio Group LLC purchased a new stake in YRC Worldwide in the second quarter worth approximately $193,000. Finally, American International Group Inc. boosted 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 worth $221,000 after buying an additional 1,327 shares in the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.
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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