Brokerages Expect YRC Worldwide Inc (NASDAQ:YRCW) Will Post Quarterly Sales of $1.17 Billion

Equities analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to announce sales of $1.17 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for YRC Worldwide’s earnings, with the lowest sales estimate coming in at $1.14 billion and the highest estimate coming in at $1.21 billion. YRC Worldwide reported sales of $1.25 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 6.4%. The business is expected to report its next earnings report on Thursday, January 30th.

According to Zacks, analysts expect that YRC Worldwide will report full-year sales of $4.88 billion for the current fiscal year, with estimates ranging from $4.85 billion to $4.92 billion. For the next fiscal year, analysts expect that the company will post sales of $4.74 billion, with estimates ranging from $4.54 billion to $4.95 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover YRC Worldwide.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.03. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS.

A number of equities analysts recently weighed in on the company. Zacks Investment Research reissued a “sell” rating on shares of YRC Worldwide in a research note on Saturday, January 11th. ValuEngine raised YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. YRC Worldwide currently has a consensus rating of “Hold” and a consensus target price of $7.08.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Allied Advisory Services Inc. acquired a new position in shares of YRC Worldwide in the third quarter worth $51,000. Public Employees Retirement System of Ohio increased its stake in shares of YRC Worldwide by 49.1% in 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 increased its stake in shares of YRC Worldwide by 10.6% in 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. BlackRock Inc. increased its stake in shares of YRC Worldwide by 1.3% in the second quarter. BlackRock Inc. now owns 2,354,316 shares of the transportation company’s stock worth $9,489,000 after acquiring an additional 30,560 shares during the last quarter. Finally, State Street Corp increased its stake in shares of YRC Worldwide by 3.0% in the third quarter. State Street Corp now owns 678,613 shares of the transportation company’s stock worth $2,049,000 after acquiring an additional 19,644 shares during the last quarter. 66.99% of the stock is currently owned by institutional investors and hedge funds.

YRCW traded up $0.17 during trading on Monday, reaching $3.02. The company had a trading volume of 51,420 shares, compared to its average volume of 1,164,316. The firm’s 50-day simple moving average is $2.71 and its 200 day simple moving average is $3.22. The company has a market cap of $100.78 million, a price-to-earnings ratio of 6.82 and a beta of 4.50. YRC Worldwide has a 12-month low of $1.95 and a 12-month high of $8.67.

About YRC Worldwide

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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