YRC Worldwide (NASDAQ:YRCW) Releases Earnings Results, Misses Expectations By $0.75 EPS

YRC Worldwide (NASDAQ:YRCW) issued its quarterly earnings data on Wednesday, May 8th. The transportation company reported ($1.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.75), MarketWatch Earnings reports. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. YRC Worldwide had a negative net margin of 0.20% and a negative return on equity of 1.93%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) EPS.

NASDAQ:YRCW traded down $0.22 on Friday, hitting $4.26. The company’s stock had a trading volume of 488,818 shares, compared to its average volume of 976,562. The firm has a market capitalization of $154.87 million, a price-to-earnings ratio of 9.47 and a beta of 4.69. YRC Worldwide has a one year low of $2.41 and a one year high of $11.76.

A number of research analysts have issued reports on YRCW shares. TheStreet raised YRC Worldwide from a “d” rating to a “c-” rating in a research note on Friday, February 1st. BidaskClub cut YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Stephens set a $5.00 price objective on YRC Worldwide and gave the stock a “hold” rating in a research report on Friday, March 22nd. ValuEngine raised YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of YRC Worldwide in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. YRC Worldwide currently has a consensus rating of “Hold” and a consensus price target of $7.85.

Hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new position in shares of YRC Worldwide in the 1st quarter worth about $108,000. Metropolitan Life Insurance Co NY bought a new position in shares of YRC Worldwide in the 1st quarter worth about $77,000. Oxford Asset Management LLP bought a new position in shares of YRC Worldwide in the 1st quarter worth about $458,000. Ellington Management Group LLC bought a new position in shares of YRC Worldwide in the 1st quarter worth about $266,000. Finally, Geode Capital Management LLC raised its position in shares of YRC Worldwide by 14.5% in the 1st quarter. Geode Capital Management LLC now owns 415,444 shares of the transportation company’s stock worth $2,778,000 after acquiring an additional 52,618 shares in the last quarter. Institutional investors own 79.31% of the company’s stock.

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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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Earnings History for YRC Worldwide (NASDAQ:YRCW)

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