$1.18 Billion in Sales Expected for YRC Worldwide Inc (YRCW) This Quarter

Equities research analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to report $1.18 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for YRC Worldwide’s earnings. The lowest sales estimate is $1.15 billion and the highest is $1.22 billion. YRC Worldwide posted sales of $1.21 billion during the same quarter last year, which would indicate a negative year over year growth rate of 2.5%. The business is expected to announce its next earnings results before the market opens on Wednesday, May 8th.

According to Zacks, analysts expect that YRC Worldwide will report full year sales of $5.06 billion for the current year, with estimates ranging from $4.99 billion to $5.18 billion. For the next fiscal year, analysts expect that the firm will post sales of $5.22 billion, with estimates ranging from $5.17 billion to $5.27 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for YRC Worldwide.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data on Thursday, January 31st. The transportation company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.59. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.24 billion. YRC Worldwide had a negative return on equity of 1.93% and a net margin of 0.48%.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. BidaskClub upgraded YRC Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. ValuEngine upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Seaport Global Securities restated a “neutral” rating on shares of YRC Worldwide in a research report on Friday, April 5th. Finally, Stephens set a $5.00 price target on YRC Worldwide and gave the company a “hold” rating in a research report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. YRC Worldwide has an average rating of “Buy” and a consensus target price of $8.90.

A number of institutional investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. boosted its holdings in YRC Worldwide by 15.3% in the first quarter. Wedbush Securities Inc. now owns 34,600 shares of the transportation company’s stock worth $231,000 after acquiring an additional 4,600 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in YRC Worldwide by 1,137.7% in the first quarter. Meeder Asset Management Inc. now owns 4,666 shares of the transportation company’s stock worth $31,000 after acquiring an additional 4,289 shares in the last quarter. Deutsche Bank AG boosted its holdings in YRC Worldwide by 8.7% in the fourth quarter. Deutsche Bank AG now owns 112,045 shares of the transportation company’s stock worth $351,000 after acquiring an additional 9,010 shares in the last quarter. Geode Capital Management LLC boosted its holdings in YRC Worldwide by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 362,826 shares of the transportation company’s stock worth $1,142,000 after acquiring an additional 17,058 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in YRC Worldwide by 60.5% in the fourth quarter. Millennium Management LLC now owns 709,749 shares of the transportation company’s stock worth $2,236,000 after acquiring an additional 267,559 shares in the last quarter. 71.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of YRCW stock traded up $0.18 during trading hours on Monday, reaching $8.04. The company’s stock had a trading volume of 524,896 shares, compared to its average volume of 1,039,173. YRC Worldwide has a one year low of $2.41 and a one year high of $11.76. The firm has a market cap of $272.11 million, a P/E ratio of 17.87 and a beta of 4.75.

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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