Q3 2017 EPS Estimates for YRC Worldwide, Inc. Reduced by Analyst (YRCW)
YRC Worldwide, Inc. (NASDAQ:YRCW) – Analysts at Seaport Global Securities decreased their Q3 2017 earnings estimates for shares of YRC Worldwide in a research note issued to investors on Wednesday. Seaport Global Securities analyst R. Wood now forecasts that the transportation company will post earnings of $0.30 per share for the quarter, down from their prior estimate of $0.79. Seaport Global Securities also issued estimates for YRC Worldwide’s Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $0.47 EPS, Q1 2018 earnings at ($0.34) EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.25 EPS.
YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share.
A number of other research firms have also weighed in on YRCW. BidaskClub lowered shares of YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of YRC Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Aegis reiterated a “buy” rating and issued a $20.00 price objective on shares of YRC Worldwide in a research report on Saturday, September 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price objective (up from $16.00) on shares of YRC Worldwide in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.75.
Shares of YRC Worldwide (NASDAQ:YRCW) opened at 12.69 on Friday. The company’s 50-day moving average is $13.30 and its 200-day moving average is $11.44. YRC Worldwide has a one year low of $7.36 and a one year high of $16.97. The stock has a market capitalization of $425.52 million, a P/E ratio of 4230.00 and a beta of 3.73.
Several hedge funds and other institutional investors have recently modified their holdings of YRCW. Marshall Wace North America L.P. purchased a new stake in shares of YRC Worldwide during the 2nd quarter worth $168,000. Prudential Financial Inc. purchased a new stake in shares of YRC Worldwide during the 1st quarter worth $177,000. Voya Investment Management LLC boosted its position in shares of YRC Worldwide by 18.7% during the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after purchasing an additional 2,720 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of YRC Worldwide during the 2nd quarter worth $193,000. Finally, American International Group Inc. boosted its position in shares of YRC Worldwide by 7.1% during the 1st quarter. American International Group Inc. now owns 20,045 shares of the transportation company’s stock worth $221,000 after purchasing an additional 1,327 shares in the last quarter. Institutional investors own 83.33% of the company’s stock.
YRC Worldwide Company Profile
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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