Seaport Global Securities Equities Analysts Decrease Earnings Estimates for YRC Worldwide Inc (YRCW)

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YRC Worldwide Inc (NASDAQ:YRCW) – Investment analysts at Seaport Global Securities lowered their Q2 2018 earnings per share (EPS) estimates for shares of YRC Worldwide in a note issued to investors on Tuesday, June 19th. Seaport Global Securities analyst W. Milby now expects that the transportation company will earn $0.33 per share for the quarter, down from their prior estimate 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.

YRC Worldwide (NASDAQ:YRCW) last announced its earnings results on Thursday, May 3rd. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.16. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.78) earnings per share.

YRCW has been the topic of a number of other reports. Zacks Investment Research lowered shares of YRC Worldwide from a “buy” rating to a “sell” rating in a research report on Wednesday, February 28th. BidaskClub lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Finally, ValuEngine lowered shares of YRC Worldwide from a “sell” rating to a “strong sell” rating in a research report on Monday, April 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $19.75.

Shares of YRC Worldwide opened at $11.05 on Thursday, according to MarketBeat.com. The company has a debt-to-equity ratio of -2.38, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $381.66 million, a PE ratio of 73.67 and a beta of 3.71. YRC Worldwide has a 12-month low of $8.07 and a 12-month high of $17.61.

In related news, Director Raymond J. Bromark sold 5,000 shares of YRC Worldwide 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 in the company, valued at approximately $930,874.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.70% of the company’s stock.

A number of large investors have recently bought and sold shares of YRCW. Carlyle Group L.P. purchased a new stake in shares of YRC Worldwide during the 1st quarter worth $584,000. Front Street Capital Management Inc. raised its stake in shares of YRC Worldwide by 66.3% during the 1st quarter. Front Street Capital Management Inc. now owns 445,260 shares of the transportation company’s stock worth $3,932,000 after buying an additional 177,550 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of YRC Worldwide by 96.7% during the 1st quarter. GSA Capital Partners LLP now owns 165,300 shares of the transportation company’s stock worth $1,460,000 after buying an additional 81,243 shares during the last quarter. Sei Investments Co. raised its stake in shares of YRC Worldwide by 536.4% during the 1st quarter. Sei Investments Co. now owns 94,820 shares of the transportation company’s stock worth $837,000 after buying an additional 79,920 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of YRC Worldwide by 42.6% during the 1st quarter. Russell Investments Group Ltd. now owns 2,818,442 shares of the transportation company’s stock worth $24,888,000 after buying an additional 841,762 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

About YRC Worldwide

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.

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

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