YRC Worldwide Inc (YRCW) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.39. The company posted revenue of $1120.30 million in the period, compared to analysts expectations of $1135.87 million. The company’s revenue was down -5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.70 EPS.
Many Wall Street Analysts have commented on YRC Worldwide Inc. Shares were Reiterated by Deutsche Bank on Feb 5, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $20 .
YRC Worldwide Inc opened for trading at $9.4 and hit $10.14 on the upside on Wednesday, eventually ending the session at $9.83, with a gain of 4.80% or 0.45 points. The heightened volatility saw the trading volume jump to 12,75,300 shares. Company has a market cap of $321 M.
In a different news, on Feb 16, 2016, Jamie G. Pierson (CFO) purchased 35,000 shares at $6.72 per share price. According to the SEC, on Nov 10, 2015, Darren Hawkins (President, YRC Inc.) sold 5,000 shares at $17.49 per share price. On Aug 7, 2015, James L Welch (Chief Executive Officer) sold 41,107 shares at $20.08 per share price, according to the Form-4 filing with the securities and exchange commission.
YRC Worldwide Inc. is a holding company that through its wholly owned subsidiaries and its interest in a Chinese joint venture offers a range of transportation services. The Company has a less-than-truckload (LTL) networks in North America with local regional national and international capabilities. It offers supply chain solutions enabling customers to ship industrial commercial and retail goods. It operates in two segments which include YRC Freight and Regional Transportation. The YRC Freight segment is focused on business opportunities in national regional and international markets. YRC Freight provides for the movement of industrial commercial and retail goods through its subsidiary YRC Inc. (YRC Freight) and Reimer Express (YRC Reimer). Its Regional Transportation segment is a transportation service provider that comprises USF Holland Inc. (Holland) New Penn Motor Express Inc. (New Penn) and USF Reddaway Inc. (Reddaway).