YRC Worldwide Inc (YRCW) Expected to Announce Quarterly Sales of $1.21 Billion

Equities analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to post $1.21 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for YRC Worldwide’s earnings, with the highest sales estimate coming in at $1.23 billion and the lowest estimate coming in at $1.19 billion. YRC Worldwide posted sales of $1.17 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The business is expected to report its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that YRC Worldwide will report full-year sales of $1.21 billion for the current year, with estimates ranging from $5.11 billion to $5.27 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.48 billion per share, with estimates ranging from $5.39 billion to $5.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for YRC Worldwide.

YRC Worldwide (NASDAQ:YRCW) last released its earnings results on Thursday, February 1st. The transportation company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.26). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. YRC Worldwide had a negative return on equity of 1.26% and a negative net margin of 0.22%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.23) earnings per share.

YRCW has been the topic of a number of recent analyst reports. BidaskClub upgraded YRC Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Zacks Investment Research cut YRC Worldwide from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating and set a $21.00 target price on shares of YRC Worldwide in a research note on Friday, February 2nd. ValuEngine cut YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Stephens reiterated a “buy” rating and set a $19.00 target price on shares of YRC Worldwide in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.00.

Shares of YRC Worldwide (NASDAQ YRCW) opened at $9.88 on Tuesday. The company has a market capitalization of $331.16, a price-to-earnings ratio of -28.23 and a beta of 3.86. YRC Worldwide has a 52 week low of $7.36 and a 52 week high of $17.61. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39.

In other news, insider Justin M. Hall acquired 5,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $11.09 per share, for a total transaction of $55,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in YRCW. First Quadrant L P CA purchased a new position in YRC Worldwide during the 3rd quarter valued at about $132,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in YRC Worldwide during the 3rd quarter valued at about $150,000. Jane Street Group LLC purchased a new position in YRC Worldwide during the 3rd quarter valued at about $159,000. Boothbay Fund Management LLC purchased a new position in YRC Worldwide during the 3rd quarter valued at about $160,000. Finally, Teacher Retirement System of Texas purchased a new position in YRC Worldwide during the 4th quarter valued at about $163,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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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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Earnings History and Estimates for YRC Worldwide (NASDAQ:YRCW)

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