Q2 2019 Earnings Estimate for YRC Worldwide Inc Issued By Seaport Global Securities (YRCW)

YRC Worldwide Inc (NASDAQ:YRCW) – Investment analysts at Seaport Global Securities dropped their Q2 2019 earnings per share estimates for shares of YRC Worldwide in a research report issued to clients and investors on Thursday, November 1st. Seaport Global Securities analyst W. Milby now forecasts that the transportation company will post earnings of $0.58 per share for the quarter, down from their prior forecast of $0.68. Seaport Global Securities also issued estimates for YRC Worldwide’s Q1 2020 earnings at ($0.43) EPS, Q2 2020 earnings at $0.66 EPS and Q3 2020 earnings at $0.63 EPS.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, November 1st. The transportation company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.42). The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. YRC Worldwide had a negative return on equity of 1.61% and a negative net margin of 0.09%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share.

YRCW has been the topic of several other reports. BidaskClub downgraded YRC Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 25th. Stifel Nicolaus dropped their price target on YRC Worldwide from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 3rd. Deutsche Bank raised YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, August 21st. Finally, Loop Capital assumed coverage on YRC Worldwide in a research report on Monday, October 1st. They issued a “buy” rating and a $18.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.80.

Shares of NASDAQ YRCW opened at $6.05 on Monday. The company has a market capitalization of $205.84 million, a price-to-earnings ratio of 40.30 and a beta of 3.76. YRC Worldwide has a 12 month low of $5.93 and a 12 month high of $17.61.

Hedge funds and other institutional investors have recently modified their holdings of the business. Paloma Partners Management Co bought a new stake in shares of YRC Worldwide during the second quarter valued at approximately $120,000. Sigma Planning Corp bought a new stake in shares of YRC Worldwide during the second quarter valued at approximately $132,000. Keybank National Association OH bought a new stake in YRC Worldwide in the second quarter valued at $141,000. AMP Capital Investors Ltd bought a new stake in YRC Worldwide in the second quarter valued at $152,000. Finally, Hartford Investment Management Co. bought a new stake in YRC Worldwide in the second quarter valued at $196,000. 78.15% of the stock is currently owned by institutional investors.

About YRC Worldwide

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its 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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