Analysts Expect YRC Worldwide Inc (NASDAQ:YRCW) to Announce $0.24 EPS

Analysts expect YRC Worldwide Inc (NASDAQ:YRCW) to announce earnings per share of $0.24 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for YRC Worldwide’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.13. YRC Worldwide posted earnings of $0.43 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 44.2%. The company is expected to issue its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that YRC Worldwide will report full year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($1.01) to ($0.43). For the next fiscal year, analysts anticipate that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.36 to $0.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow YRC Worldwide.

YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Wednesday, May 8th. The transportation company reported ($1.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.75). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.19 billion. YRC Worldwide had a negative net margin of 0.20% and a negative return on equity of 1.93%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.44) earnings per share.

A number of analysts have recently commented on YRCW shares. TheStreet cut YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. Zacks Investment Research cut Inflarx from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Seaport Global Securities reissued a “neutral” rating on shares of YRC Worldwide in a research report on Friday, April 5th. Finally, BidaskClub cut YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.85.

YRC Worldwide stock traded down $0.14 during trading hours on Friday, hitting $3.23. 9,096 shares of the stock traded hands, compared to its average volume of 793,199. The business’s 50-day moving average price is $3.98. The stock has a market capitalization of $124.81 million, a P/E ratio of 7.49 and a beta of 4.41. YRC Worldwide has a one year low of $2.41 and a one year high of $11.04.

Several institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of YRC Worldwide by 42.4% during the 4th quarter. Rhumbline Advisers now owns 46,568 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 13,877 shares during the period. California Public Employees Retirement System lifted its position in shares of YRC Worldwide by 19.5% during the 4th quarter. California Public Employees Retirement System now owns 124,970 shares of the transportation company’s stock valued at $394,000 after acquiring an additional 20,369 shares during the period. BlackRock Inc. lifted its position in shares of YRC Worldwide by 1.4% during the 4th quarter. BlackRock Inc. now owns 2,370,373 shares of the transportation company’s stock valued at $7,467,000 after acquiring an additional 32,687 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of YRC Worldwide by 7.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,127 shares of the transportation company’s stock valued at $1,783,000 after acquiring an additional 40,602 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of YRC Worldwide by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 362,826 shares of the transportation company’s stock valued at $1,142,000 after acquiring an additional 17,058 shares during the period. 79.31% of the stock is currently owned by hedge funds and other institutional investors.

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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