Zacks: Analysts Expect YRC Worldwide Inc (NASDAQ:YRCW) Will Post Quarterly Sales of $1.18 Billion

Equities research analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to post sales of $1.18 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for YRC Worldwide’s earnings, with the lowest sales estimate coming in at $1.12 billion and the highest estimate coming in at $1.21 billion. YRC Worldwide posted sales of $1.25 billion during the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The business is scheduled to report its next earnings report on Thursday, January 30th.

According to Zacks, analysts expect that YRC Worldwide will report full year sales of $4.89 billion for the current year, with estimates ranging from $4.84 billion to $4.92 billion. For the next year, analysts expect that the business will post sales of $4.80 billion, with estimates ranging from $4.55 billion to $4.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow YRC Worldwide.

YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings data 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 company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.09 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year.

A number of analysts have weighed in on YRCW shares. ValuEngine raised shares of YRC Worldwide from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Stephens set a $5.00 price objective on shares of YRC Worldwide and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Zacks Investment Research cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. YRC Worldwide has a consensus rating of “Hold” and an average price target of $8.06.

YRCW stock traded up $0.04 during midday trading on Friday, reaching $3.13. 829,315 shares of the company were exchanged, compared to its average volume of 1,033,533. YRC Worldwide has a 1-year low of $1.95 and a 1-year high of $8.67. The stock’s 50-day simple moving average is $3.84 and its 200 day simple moving average is $3.59. The company has a market cap of $113.47 million, a price-to-earnings ratio of 6.96 and a beta of 4.61.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its position 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 acquiring an additional 4,327 shares during the last quarter. Rhumbline Advisers grew its position in shares of YRC Worldwide by 10.6% during the third quarter. Rhumbline Advisers now owns 54,700 shares of the transportation company’s stock worth $165,000 after acquiring an additional 5,231 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of YRC Worldwide by 7.5% during the second quarter. Wells Fargo & Company MN now owns 77,432 shares of the transportation company’s stock worth $313,000 after acquiring an additional 5,419 shares during the last quarter. IHT Wealth Management LLC purchased a new position in shares of YRC Worldwide during the third quarter worth approximately $30,000. Finally, Metropolitan Life Insurance Co NY purchased a new position in shares of YRC Worldwide during the first quarter worth approximately $77,000. Institutional investors and hedge funds own 70.41% of the company’s stock.

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 and Estimates for YRC Worldwide (NASDAQ:YRCW)

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