YRC Worldwide Inc (YRCW) Expected to Announce Quarterly Sales of $1.30 Billion

Equities research analysts expect that YRC Worldwide Inc (NASDAQ:YRCW) will post $1.30 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for YRC Worldwide’s earnings, with the highest sales estimate coming in at $1.33 billion and the lowest estimate coming in at $1.26 billion. YRC Worldwide posted sales of $1.33 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The company is expected to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that YRC Worldwide will report full year sales of $5.01 billion for the current financial year, with estimates ranging from $4.88 billion to $5.10 billion. For the next year, analysts expect that the business will report sales of $5.12 billion, with estimates ranging from $4.93 billion to $5.23 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for YRC Worldwide.

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

YRCW has been the subject of several analyst reports. BidaskClub downgraded shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Friday, April 19th. Seaport Global Securities restated a “neutral” rating on shares of YRC Worldwide in a research note on Friday, April 5th. ValuEngine downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Stephens set a $5.00 price objective on shares of YRC Worldwide and gave the company a “hold” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.85.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in YRC Worldwide by 1.4% during the 4th quarter. BlackRock Inc. now owns 2,370,373 shares of the transportation company’s stock valued at $7,467,000 after acquiring an additional 32,687 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in YRC Worldwide by 6.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,769,376 shares of the transportation company’s stock valued at $11,837,000 after acquiring an additional 104,796 shares during the last quarter. Front Street Capital Management Inc. boosted its stake in YRC Worldwide by 19.3% during the 1st quarter. Front Street Capital Management Inc. now owns 1,673,830 shares of the transportation company’s stock valued at $11,198,000 after acquiring an additional 271,245 shares during the last quarter. Boston Partners lifted its position in shares of YRC Worldwide by 68.9% in the 4th quarter. Boston Partners now owns 1,664,388 shares of the transportation company’s stock worth $5,243,000 after buying an additional 678,706 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of YRC Worldwide by 29.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 733,042 shares of the transportation company’s stock worth $4,904,000 after buying an additional 166,915 shares during the last quarter. Hedge funds and other institutional investors own 79.31% of the company’s stock.

Shares of YRCW stock traded down $0.18 on Thursday, hitting $4.01. The stock had a trading volume of 760,361 shares, compared to its average volume of 971,332. The company has a market capitalization of $138.63 million, a PE ratio of 8.91 and a beta of 4.74. YRC Worldwide has a 52-week low of $2.41 and a 52-week high of $11.76.

About YRC Worldwide

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 and Estimates for YRC Worldwide (NASDAQ:YRCW)

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