Equities research analysts expect that YRC Worldwide (NASDAQ:YRCW) will post sales of $1.21 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for YRC Worldwide’s earnings. The highest sales estimate is $1.23 billion and the lowest is $1.19 billion. YRC Worldwide posted sales of $1.17 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that YRC Worldwide will report full-year sales of $5.17 billion for the current financial year, with estimates ranging from $5.11 billion to $5.28 billion. For the next financial year, analysts forecast that the firm will report sales of $5.45 billion per share, with estimates ranging from $5.38 billion to $5.60 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.26). YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 1.31%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted ($0.23) earnings per share. YRC Worldwide’s quarterly revenue was up 5.3% compared to the same quarter last year.
In other news, insider Scott D. Ware sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $8.61, for a total transaction of $120,540.00. Following the transaction, the insider now directly owns 39,095 shares of the company’s stock, valued at $336,607.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of YRCW. Wells Fargo & Company MN raised its position in shares of YRC Worldwide by 18.8% during the third quarter. Wells Fargo & Company MN now owns 76,309 shares of the transportation company’s stock worth $1,054,000 after purchasing an additional 12,064 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in YRC Worldwide by 6.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 242,815 shares of the transportation company’s stock worth $3,351,000 after buying an additional 13,986 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in YRC Worldwide by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,596,476 shares of the transportation company’s stock worth $22,031,000 after buying an additional 13,354 shares in the last quarter. Stifel Financial Corp bought a new stake in YRC Worldwide during the third quarter worth $449,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in YRC Worldwide during the third quarter worth $328,000. 83.71% of the stock is currently owned by institutional investors.
YRCW traded up $0.06 during trading on Friday, hitting $8.68. The company’s stock had a trading volume of 541,934 shares, compared to its average volume of 790,851. YRC Worldwide has a twelve month low of $7.36 and a twelve month high of $17.61. The company has a debt-to-equity ratio of -2.48, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $297.70, a PE ratio of 57.87 and a beta of 4.05.
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YRC Worldwide Company Profile
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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