YRC Worldwide Inc (YRCW) Expected to Post Quarterly Sales of $1.22 Billion

Wall Street analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to report $1.22 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for YRC Worldwide’s earnings. The lowest sales estimate is $1.21 billion and the highest is $1.22 billion. YRC Worldwide reported sales of $1.15 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is expected to report its next quarterly earnings results on Monday, February 5th.

On average, analysts expect that YRC Worldwide will report full-year sales of $1.22 billion for the current fiscal year, with estimates ranging from $4.90 billion to $4.91 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.22 billion per share, with estimates ranging from $5.21 billion to $5.24 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow YRC Worldwide.

A number of brokerages have issued reports on YRCW. BidaskClub cut YRC Worldwide from a “strong-buy” rating to a “buy” rating in a report on Saturday. Stephens reaffirmed a “buy” rating and issued a $19.00 target price on shares of YRC Worldwide in a report on Tuesday, January 2nd. ValuEngine cut YRC Worldwide from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research lowered YRC Worldwide from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. YRC Worldwide presently has an average rating of “Hold” and an average target price of $16.60.

In other YRC Worldwide news, insider Justin M. Hall bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $11.09 per share, for a total transaction of $55,450.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director William Robert Davidson sold 3,921 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $13.40, for a total value of $52,541.40. Following the sale, the director now owns 30,195 shares in the company, valued at approximately $404,613. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its position in shares of YRC Worldwide by 1.0% during the 2nd quarter. Teachers Advisors LLC now owns 62,884 shares of the transportation company’s stock valued at $699,000 after purchasing an additional 593 shares in the last quarter. Rhumbline Advisers boosted its position in shares of YRC Worldwide by 2.2% during the 2nd quarter. Rhumbline Advisers now owns 39,456 shares of the transportation company’s stock valued at $439,000 after purchasing an additional 850 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of YRC Worldwide by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 1,681 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of YRC Worldwide by 18.7% during the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of YRC Worldwide by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 204,280 shares of the transportation company’s stock valued at $2,272,000 after purchasing an additional 3,222 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.

Shares of YRC Worldwide (YRCW) traded up $0.15 on Wednesday, reaching $14.77. The company’s stock had a trading volume of 324,500 shares, compared to its average volume of 456,467. YRC Worldwide has a fifty-two week low of $7.36 and a fifty-two week high of $15.79. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of -2.26. The firm has a market cap of $495.07, a PE ratio of -42.20 and a beta of 3.73.

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YRC Worldwide Company Profile

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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Earnings History and Estimates for YRC Worldwide (NASDAQ:YRCW)

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