News articles about Forward Air Corporation (NASDAQ:FWRD) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Forward Air Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 46.8809923048401 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Forward Air Corporation (NASDAQ:FWRD) traded up $0.22 during midday trading on Wednesday, hitting $54.99. The stock had a trading volume of 153,600 shares, compared to its average volume of 127,082. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.71 and a current ratio of 2.71. Forward Air Corporation has a 12-month low of $43.88 and a 12-month high of $59.97. The stock has a market capitalization of $1,630.63, a P/E ratio of 23.92 and a beta of 1.20.
Forward Air Corporation (NASDAQ:FWRD) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Forward Air Corporation had a return on equity of 13.76% and a net margin of 6.10%. The firm had revenue of $280.20 million for the quarter, compared to the consensus estimate of $278.75 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. research analysts expect that Forward Air Corporation will post 2.33 EPS for the current year.
A number of research firms have recently weighed in on FWRD. Cowen and Company reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Forward Air Corporation in a research note on Thursday, August 10th. BidaskClub downgraded Forward Air Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Forward Air Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Wolfe Research downgraded Forward Air Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $60.00 target price on shares of Forward Air Corporation in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.33.
In other Forward Air Corporation news, insider Michael P. Mclean sold 4,984 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $54.82, for a total transaction of $273,222.88. Following the sale, the insider now owns 13,401 shares of the company’s stock, valued at approximately $734,642.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George M. Lynch sold 1,640 shares of the stock in a transaction on 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 disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
Forward Air Corporation Company Profile
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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