YRC Worldwide Inc (NASDAQ:YRCW) – Research analysts at Seaport Global Securities decreased their Q2 2018 earnings per share (EPS) estimates for shares of YRC Worldwide in a note issued to investors on Tuesday, June 19th, Zacks Investment Research reports. Seaport Global Securities analyst W. Milby now anticipates that the transportation company will earn $0.33 per share for the quarter, down from their previous forecast of $0.42. Seaport Global Securities also issued estimates for YRC Worldwide’s FY2018 earnings at $0.61 EPS, Q2 2019 earnings at $0.68 EPS and FY2019 earnings at $1.48 EPS.
A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, June 12th. Finally, Zacks Investment Research upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.75.
NASDAQ:YRCW opened at $10.05 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of -2.38. The firm has a market capitalization of $340.24 million, a price-to-earnings ratio of 67.00 and a beta of 3.71. YRC Worldwide has a 12 month low of $8.07 and a 12 month high of $17.61.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Thursday, May 3rd. The transportation company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.16. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.78) earnings per share.
In other YRC Worldwide news, Director Raymond J. Bromark sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $10.79, for a total value of $53,950.00. Following the transaction, the director now directly owns 86,272 shares of the company’s stock, valued at $930,874.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in YRCW. Symons Capital Management Inc. bought a new position in shares of YRC Worldwide in the first quarter valued at $137,000. Teacher Retirement System of Texas bought a new position in shares of YRC Worldwide in the fourth quarter valued at $163,000. MetLife Investment Advisors LLC bought a new position in shares of YRC Worldwide in the fourth quarter valued at $213,000. Stone Ridge Asset Management LLC bought a new position in shares of YRC Worldwide in the fourth quarter valued at $310,000. Finally, Mackay Shields LLC bought a new position in shares of YRC Worldwide in the first quarter valued at $335,000. 79.18% of the stock is currently owned by hedge funds and other institutional investors.
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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