Forward Air (NASDAQ:FWRD) will release its earnings data after the market closes on Thursday, October 24th. Analysts expect Forward Air to post earnings of $0.78 per share for the quarter. Forward Air has set its Q3 2019 guidance at $0.74-0.78 EPS and its Q3 guidance at $0.77-0.81 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Forward Air (NASDAQ:FWRD) last posted its earnings results on Thursday, July 25th. The transportation company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). Forward Air had a return on equity of 17.18% and a net margin of 6.70%. The company had revenue of $345.76 million during the quarter, compared to the consensus estimate of $348.07 million. During the same period last year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect Forward Air to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NASDAQ:FWRD opened at $64.95 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29. Forward Air has a 12 month low of $51.54 and a 12 month high of $68.82. The company has a market cap of $1.81 billion, a PE ratio of 20.82 and a beta of 1.54. The company has a 50 day simple moving average of $62.92 and a two-hundred day simple moving average of $61.46.
In other news, insider Glenn A. Adelaar sold 4,917 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $61.05, for a total transaction of $300,182.85. Following the completion of the sale, the insider now owns 41,177 shares of the company’s stock, valued at approximately $2,513,855.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.04% of the company’s stock.
A number of research firms have commented on FWRD. Zacks Investment Research raised shares of Forward Air from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub downgraded shares of Forward Air from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.00.
Forward Air Company Profile
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through four segments: Expedited Less-Than-Truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool).
Further Reading: Percentage Decliners
Receive News & Ratings for Forward Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forward Air and related companies with MarketBeat.com's FREE daily email newsletter.