Revenue Update on YRC Worldwide Inc(NASDAQ:YRCW)

YRC Worldwide Inc(NASDAQ:YRCW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $1.21B. Analysts estimated a revenue of $1.21B. Earnings per share were $0.83. Analysts had estimated an EPS of $0.57.

In a different note, On Jul 20, 2016, Deutsche Bank said it Maintains its rating on YRC Worldwide Inc. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Buy’ by the firm.

YRC Worldwide Inc (YRCW) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -0.83% at a volume of 4,40,522. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.31. The peak price level was also seen at $12.31 while the days lowest was $11.86. Finally the shares closed at $12.02. The 52-week high of the shares is $21.37 while the 52-week low is $6.25. According to the latest information available, the market cap of the company is $400 M.

Several Insider Transactions has been reported to the SEC. On Feb 16, 2016, Jamie G. Pierson (CFO) purchased 35,000 shares at $6.72 per share price.Also, 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).

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