Equities analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to report earnings per share (EPS) of ($0.39) for the current quarter, according to Zacks. Two analysts have provided estimates for YRC Worldwide’s earnings, with estimates ranging from ($0.55) to ($0.22). YRC Worldwide posted earnings of $0.06 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 750%. The business is expected to report its next earnings report on Thursday, January 30th.
According to Zacks, analysts expect that YRC Worldwide will report full-year earnings of ($3.22) per share for the current financial year. For the next fiscal year, analysts expect that the business will report earnings of ($0.40) per share, with EPS estimates ranging from ($0.71) to ($0.20). Zacks’ EPS calculations are an average based on a survey of research firms that follow YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. YRC Worldwide’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS.
A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research reiterated a “sell” rating on shares of YRC Worldwide in a research note on Saturday, January 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.08.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. IHT Wealth Management LLC bought a new stake in YRC Worldwide in the 3rd quarter valued at $30,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of YRC Worldwide during the first quarter worth $77,000. Public Employees Retirement System of Ohio lifted its holdings in shares of YRC Worldwide by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 13,136 shares of the transportation company’s stock worth $40,000 after buying an additional 4,327 shares in the last quarter. First Allied Advisory Services Inc. bought a new stake in shares of YRC Worldwide in the third quarter valued at about $51,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of YRC Worldwide in the second quarter valued at about $216,000. Institutional investors own 66.99% of the company’s stock.
Shares of YRCW traded up $0.17 during mid-day trading on Friday, reaching $3.02. The company’s stock had a trading volume of 51,420 shares, compared to its average volume of 1,164,316. YRC Worldwide has a 1-year low of $1.95 and a 1-year high of $8.67. The business has a 50-day simple moving average of $2.71 and a two-hundred day simple moving average of $3.22. The stock has a market cap of $100.78 million, a P/E ratio of 6.82 and a beta of 4.50.
YRC Worldwide Company Profile
YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.
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