Brokerages Anticipate YRC Worldwide Inc (YRCW) Will Announce Earnings of $0.56 Per Share

Analysts expect that YRC Worldwide Inc (NASDAQ:YRCW) will report earnings of $0.56 per share for the current quarter, Zacks reports. Three analysts have made estimates for YRC Worldwide’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.54. YRC Worldwide reported earnings per share of $0.22 in the same quarter last year, which would indicate a positive year over year growth rate of 154.5%. The company is expected to report its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that YRC Worldwide will report full year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.92. For the next fiscal year, analysts forecast that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.24 to $1.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover YRC Worldwide.

YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings data on Thursday, August 2nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. YRC Worldwide had a negative return on equity of 2.36% and a negative net margin of 0.09%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share.

A number of brokerages recently issued reports on YRCW. ValuEngine cut YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. BidaskClub cut YRC Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Deutsche Bank raised YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, August 21st. Finally, Stifel Nicolaus decreased their target price on YRC Worldwide from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. YRC Worldwide currently has a consensus rating of “Hold” and an average price target of $16.50.

Several hedge funds and other institutional investors have recently made changes to their positions in YRCW. Mackay Shields LLC acquired a new stake in shares of YRC Worldwide in the 1st quarter valued at about $335,000. American Century Companies Inc. lifted its position in YRC Worldwide by 119.2% during the 1st quarter. American Century Companies Inc. now owns 123,427 shares of the transportation company’s stock worth $1,090,000 after acquiring an additional 67,124 shares during the period. Schwab Charles Investment Management Inc. lifted its position in YRC Worldwide by 9.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 258,251 shares of the transportation company’s stock worth $2,281,000 after acquiring an additional 21,500 shares during the period. Systematic Financial Management LP lifted its position in YRC Worldwide by 25.7% during the 1st quarter. Systematic Financial Management LP now owns 152,710 shares of the transportation company’s stock worth $1,348,000 after acquiring an additional 31,270 shares during the period. Finally, New York State Common Retirement Fund lifted its position in YRC Worldwide by 46.1% during the 1st quarter. New York State Common Retirement Fund now owns 50,709 shares of the transportation company’s stock worth $448,000 after acquiring an additional 16,009 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ YRCW traded down $0.07 during trading hours on Friday, reaching $9.17. The stock had a trading volume of 6,127 shares, compared to its average volume of 417,788. The stock has a market cap of $313.95 million, a PE ratio of 61.13 and a beta of 3.60. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of -2.51. YRC Worldwide has a fifty-two week low of $8.07 and a fifty-two week high of $17.61.

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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