Equities analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to report sales of $1.21 billion for the current quarter, according to Zacks Investment Research. Three analysts have made 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 in the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.
On average, 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 firm will post sales of $5.48 billion per share, with estimates ranging from $5.39 billion to $5.56 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last announced its earnings results on Thursday, February 1st. The transportation company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.26). YRC Worldwide had a negative return on equity of 1.26% and a negative net margin of 0.22%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned ($0.23) earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year.
Several analysts recently commented on the stock. Zacks Investment Research cut shares of YRC Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. ValuEngine cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. BidaskClub upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Stephens restated a “buy” rating and set a $19.00 price target on shares of YRC Worldwide in a report on Tuesday, January 2nd. One 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 company. YRC Worldwide currently has a consensus rating of “Hold” and a consensus target price of $18.00.
Shares of YRC Worldwide (NASDAQ YRCW) traded down $0.07 on Tuesday, hitting $9.85. 685,830 shares of the company’s stock traded hands, compared to its average volume of 982,984. YRC Worldwide has a one year low of $7.36 and a one year high of $17.61. The firm has a market capitalization of $330.16, a PE ratio of -28.97 and a beta of 3.86. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39.
Hedge funds have recently bought and sold shares of the stock. First Quadrant L P CA acquired a new stake in shares of YRC Worldwide during the third quarter worth approximately $132,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in YRC Worldwide during the third quarter valued at approximately $150,000. Teacher Retirement System of Texas bought a new position in YRC Worldwide during the fourth quarter valued at approximately $163,000. Jane Street Group LLC bought a new position in YRC Worldwide during the third quarter valued at approximately $159,000. Finally, Boothbay Fund Management LLC bought a new position in YRC Worldwide during the third quarter valued at approximately $160,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
About YRC Worldwide
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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