Yellow (YELL) Scheduled to Post Earnings on Thursday
Yellow (NASDAQ:YELL – Get Rating) will report its quarterly results after the market close on Thursday, February 9th. Analysts expect Yellow to report earnings of $0.24 per share for the quarter. Individuals interested in registering for the Company’s earnings conference call can do so through this link.
Yellow (NASDAQ:YELL – Get Rating) last released its earnings results on Wednesday, November 2nd. The company reported earnings per share of $0.09 for the quarter, missing the consensus estimate of $0.67 ($0.58). Yellow had a negative net margin of 0.14% and a negative return on equity of 13.47%. The company had revenue of $1.36 billion in the quarter, compared to analyst estimates of $1.41 billion. On average, analysts expect Yellow to report earnings per share of $1 for the current fiscal year and $1 for the next fiscal year.
Yellow stock performance
The yellow stock opened at $3.57 on Thursday. Yellow has a 52-week low of $2.34 and a 52-week high of $11.45. The company has a 50-day moving average price of $2.87 and a 200-day moving average price of $4.33. The company has a market cap of $184.43 million, a P/E of -19.83 and a beta of 2.82.
Insiders place their bets
In addition, CFO Daniel L. Olivier acquired 10,000 shares of the company in a transaction on Wednesday, November 9th. The stock was acquired at an average price of $2.94 per share for a total value of $29,400.00. Following the transaction, the Chief Financial Officer now owns 332,186 shares of the company, valued at $976,626.84. The transaction was disclosed in a document filed with the SEC, available at this link. Insiders own 3.10% of the company’s stock.
Institutional investors are betting on yellow
Institutional investors recently changed their holdings in the company. Goldman Sachs Group Inc. increased its position in shares of Yellow by 11.9% in the first quarter. Goldman Sachs Group Inc. now owns 152,026 shares of the company’s stock valued at $1,066,000 after purchasing an additional 16,175 shares last quarter. BNP Paribas Arbitrage SNC acquired a new interest in Yellow stock valued at $589,000 during the third quarter. Rhumbline Advisers increased its position in shares of Yellow by 6.7% in the first quarter. Rhumbline Advisers now owns 64,099 shares of the company’s stock valued at $449,000 after purchasing an additional 4,035 shares last quarter. AQR Capital Management LLC increased its position in Yellow by 9.2% during the second quarter. AQR Capital Management LLC now owns 115,040 shares of the company’s stock valued at $337,000 after purchasing an additional 9,703 shares last quarter. Finally, Prudential Financial Inc. acquired a new $238,000 stake in Yellow during the first quarter. 42.96% of the shares are owned by hedge funds and other institutional investors.
Wall Street analysts forecast growth
Several equity analysts have commented on the stock. Vertical Research downgraded shares of Yellow from a “buy” rating to a “hold” rating in a research note on Friday, October 14. Stephens lowered its target price on shares of Yellow from $7.00 to $5.00 and issued a research note on Monday, November 7th, giving the company an “equal weight” rating. Finally, TheStreet downgraded shares of Yellow from a “c-” rating to a “d” rating in a research note on Thursday, December 8th.
Yellow Corp. acts as a holding company providing transportation services through its subsidiaries. It operates through the portfolio of LTL brands including Holland, New Penn, Reddaway and YRC Freight, as well as the logistics company. The company was founded in 1924 by AJ Harrell and is headquartered in Overland Park, USA.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider yellow, hear this.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Yellow wasn’t on the list.
While Yellow currently has a “hold” rating among analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here