Forward Air Corporation (FWRD) Earns Coverage Optimism Score of 0.12
Press coverage about Forward Air Corporation (NASDAQ:FWRD) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forward Air Corporation earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 46.3092216879474 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Forward Air Corporation (FWRD) opened at $54.95 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.71 and a quick ratio of 2.71. Forward Air Corporation has a 52-week low of $43.88 and a 52-week high of $59.97. The stock has a market cap of $1,651.47, a PE ratio of 24.22 and a beta of 1.20.
Forward Air Corporation (NASDAQ:FWRD) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. Forward Air Corporation had a net margin of 6.10% and a return on equity of 13.76%. The company had revenue of $280.20 million for the quarter, compared to the consensus estimate of $278.75 million. During the same period last year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. research analysts anticipate that Forward Air Corporation will post 2.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 23rd will be given a $0.15 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.09%. Forward Air Corporation’s payout ratio is currently 28.17%.
A number of research analysts have commented on the stock. Cowen and Company reiterated a “market perform” rating and set a $54.00 price objective (up from $51.00) on shares of Forward Air Corporation in a research note on Monday, October 30th. Zacks Investment Research downgraded shares of Forward Air Corporation from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Stifel Nicolaus increased their price objective on shares of Forward Air Corporation from $47.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Robert W. Baird restated a “hold” rating and issued a $60.00 price target on shares of Forward Air Corporation in a research report on Friday, October 6th. Finally, KeyCorp restated a “hold” rating on shares of Forward Air Corporation in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.33.
In related news, Director George M. Lynch sold 1,640 shares of Forward Air Corporation stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $57.00, for a total value of $93,480.00. Following the sale, the director now directly owns 12,383 shares in the company, valued at approximately $705,831. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael P. Mclean sold 4,984 shares of Forward Air Corporation stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $54.82, for a total transaction of $273,222.88. Following the completion of the sale, the insider now owns 13,401 shares in the company, valued at $734,642.82. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
About Forward Air Corporation
Forward Air Corporation is a freight and logistics company. The Company provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The Company’s segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution.
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