Zacks: Brokerages Anticipate YRC Worldwide Inc (YRCW) Will Post Quarterly Sales of $1.21 Billion

Wall Street brokerages expect YRC Worldwide Inc (NASDAQ:YRCW) to post $1.21 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for YRC Worldwide’s earnings. The highest sales estimate is $1.23 billion and the lowest is $1.19 billion. YRC Worldwide posted sales of $1.17 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The firm is expected to report its next earnings results on Thursday, May 3rd.

On average, analysts expect that YRC Worldwide will report full year sales of $1.21 billion for the current financial year, with estimates ranging from $5.11 billion to $5.27 billion. For the next financial year, analysts anticipate that the business will post sales of $5.48 billion per share, with estimates ranging from $5.39 billion to $5.56 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for YRC Worldwide.

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

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

Shares of YRC Worldwide (NASDAQ YRCW) traded down $0.07 during trading hours on Tuesday, reaching $9.85. 685,830 shares of the company’s stock traded hands, compared to its average volume of 943,098. The company has a debt-to-equity ratio of -2.26, a current ratio of 1.39 and a quick ratio of 1.39. YRC Worldwide has a twelve month low of $7.36 and a twelve month high of $17.61. The stock has a market capitalization of $337.19, a P/E ratio of -28.34 and a beta of 3.86.

Several institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in shares of YRC Worldwide by 1.0% during the second quarter. Teachers Advisors LLC now owns 62,884 shares of the transportation company’s stock valued at $699,000 after buying an additional 593 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of YRC Worldwide by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock valued at $302,000 after buying an additional 1,681 shares during the last quarter. Voya Investment Management LLC raised its position in shares of YRC Worldwide by 18.7% during the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after buying an additional 2,720 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of YRC Worldwide by 5.0% during the fourth quarter. Engineers Gate Manager LP now owns 68,093 shares of the transportation company’s stock valued at $979,000 after buying an additional 3,215 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of YRC Worldwide by 0.3% during 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 buying an additional 4,265 shares during the last quarter. Hedge funds and other institutional investors 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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