Brokerages expect YRC Worldwide Inc (NASDAQ:YRCW) to post sales of $1.30 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for YRC Worldwide’s earnings, with the highest sales estimate coming in at $1.33 billion and the lowest estimate coming in at $1.27 billion. YRC Worldwide reported sales of $1.33 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.3%. The firm is expected to report its next earnings report on Thursday, August 1st.

On average, analysts expect that YRC Worldwide will report full year sales of $5.00 billion for the current financial year, with estimates ranging from $4.90 billion to $5.10 billion. For the next financial year, analysts forecast that the company will post sales of $5.11 billion, with estimates ranging from $4.94 billion to $5.19 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover YRC Worldwide.

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

Several equities analysts have issued reports on the company. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut Inflarx from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Deutsche Bank set a $8.00 price objective on YRC Worldwide and gave the stock a “buy” rating in a research note on Monday, May 20th. Stephens set a $5.00 price objective on YRC Worldwide and gave the stock a “hold” rating in a research note on Friday, March 22nd. Finally, BidaskClub cut YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. YRC Worldwide presently has an average rating of “Hold” and a consensus price target of $7.85.

YRCW traded up $0.04 during trading on Monday, hitting $3.23. The company’s stock had a trading volume of 527,111 shares, compared to its average volume of 871,228. The company’s 50 day moving average price is $3.93. YRC Worldwide has a 12 month low of $2.41 and a 12 month high of $11.04.

Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC acquired a new stake in YRC Worldwide during the second quarter worth approximately $54,000. Metropolitan Life Insurance Co NY acquired a new stake in YRC Worldwide in the first quarter valued at $77,000. MetLife Investment Advisors LLC acquired a new stake in YRC Worldwide in the first quarter valued at $108,000. Williams Jones & Associates LLC increased its holdings in YRC Worldwide by 145.6% in the first quarter. Williams Jones & Associates LLC now owns 41,750 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 24,750 shares during the period. Finally, Kennedy Capital Management Inc. increased its holdings in YRC Worldwide by 50.4% in the first quarter. Kennedy Capital Management Inc. now owns 600,217 shares of the transportation company’s stock valued at $4,015,000 after purchasing an additional 201,005 shares during the period. 79.31% of the stock is owned by institutional investors and hedge funds.

YRC Worldwide Company Profile

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

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