Wall Street analysts expect that YRC Worldwide Inc (NASDAQ:YRCW) will announce $1.30 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for YRC Worldwide’s earnings, with estimates ranging from $1.27 billion to $1.33 billion. YRC Worldwide posted sales of $1.33 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The firm is expected to report its next quarterly earnings results on Thursday, August 1st.
According to Zacks, analysts expect that YRC Worldwide will report full year sales of $5.00 billion for the current fiscal year, with estimates ranging from $4.90 billion to $5.10 billion. For the next fiscal year, analysts expect that the business will report sales of $5.11 billion, with estimates ranging from $4.94 billion to $5.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for YRC Worldwide.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results 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). YRC Worldwide had a negative net margin of 0.20% and a negative return on equity of 1.93%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the business posted ($0.44) earnings per share. The business’s revenue was down 2.7% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in YRC Worldwide during the first quarter worth $2,672,000. Front Street Capital Management Inc. grew its holdings in shares of YRC Worldwide by 19.3% in the first quarter. Front Street Capital Management Inc. now owns 1,673,830 shares of the transportation company’s stock valued at $11,198,000 after purchasing an additional 271,245 shares during the period. Millennium Management LLC grew its holdings in shares of YRC Worldwide by 60.5% in the fourth quarter. Millennium Management LLC now owns 709,749 shares of the transportation company’s stock valued at $2,236,000 after purchasing an additional 267,559 shares during the period. Kennedy Capital Management Inc. grew its holdings in shares of 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. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of YRC Worldwide by 29.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 733,042 shares of the transportation company’s stock valued at $4,904,000 after purchasing an additional 166,915 shares during the period. 79.31% of the stock is currently owned by institutional investors.
Shares of NASDAQ:YRCW traded up $0.04 on Monday, reaching $3.23. The company’s stock had a trading volume of 527,111 shares, compared to its average volume of 871,228. YRC Worldwide has a 52-week low of $2.41 and a 52-week high of $11.04. The business has a 50-day moving average price of $3.93.
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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