Equities research analysts predict that YRC Worldwide Inc (NASDAQ:YRCW) will post $1.30 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for YRC Worldwide’s earnings, with estimates ranging from $1.28 billion to $1.32 billion. YRC Worldwide reported sales of $1.25 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The business is scheduled to report its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that YRC Worldwide will report full year sales of $5.12 billion for the current financial year, with estimates ranging from $5.04 billion to $5.15 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.41 billion per share, with estimates ranging from $5.31 billion to $5.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow YRC Worldwide.

YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, August 2nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). YRC Worldwide had a negative return on equity of 2.36% and a negative net margin of 0.09%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.57 EPS. YRC Worldwide’s revenue for the quarter was up 5.2% on a year-over-year basis.

A number of brokerages have issued reports on YRCW. ValuEngine cut YRC Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Stifel Nicolaus lowered their target price on YRC Worldwide from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 3rd. BidaskClub upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, June 12th. Finally, Deutsche Bank upgraded YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. YRC Worldwide has a consensus rating of “Hold” and an average target price of $17.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Paloma Partners Management Co bought a new stake in shares of YRC Worldwide in the 2nd quarter valued at about $120,000. Sigma Planning Corp bought a new stake in shares of YRC Worldwide in the 2nd quarter valued at about $132,000. Keybank National Association OH bought a new stake in shares of YRC Worldwide in the 2nd quarter valued at about $141,000. AMP Capital Investors Ltd bought a new stake in shares of YRC Worldwide in the 2nd quarter valued at about $152,000. Finally, Hartford Investment Management Co. bought a new stake in shares of YRC Worldwide in the 2nd quarter valued at about $196,000. Hedge funds and other institutional investors own 78.18% of the company’s stock.

YRCW traded up $0.22 on Friday, reaching $9.78. The stock had a trading volume of 360,400 shares, compared to its average volume of 699,578. YRC Worldwide has a fifty-two week low of $8.07 and a fifty-two week high of $17.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of -2.51. The stock has a market cap of $329.96 million, a PE ratio of 63.93 and a beta of 3.60.

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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Earnings History and Estimates for YRC Worldwide (NASDAQ:YRCW)

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