Forward Air (NASDAQ:FWRD) posted its quarterly earnings results on Wednesday. The transportation company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03, Briefing.com reports. Forward Air had a return on equity of 13.76% and a net margin of 6.10%. The firm had revenue of $306.10 million during the quarter, compared to analysts’ expectations of $301.47 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. Forward Air updated its Q1 guidance to 0.55-0.59 EPS.
Shares of Forward Air (NASDAQ FWRD) traded down $2.66 on Thursday, reaching $56.70. The company’s stock had a trading volume of 115,222 shares, compared to its average volume of 215,140. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market capitalization of $1,731.85, a PE ratio of 27.87 and a beta of 1.17. Forward Air has a fifty-two week low of $45.86 and a fifty-two week high of $64.80.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Thursday, March 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. Forward Air’s payout ratio is 28.17%.
In other news, insider Chris C. Ruble sold 23,020 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $57.75, for a total value of $1,329,405.00. Following the completion of the transaction, the insider now owns 28,279 shares of the company’s stock, valued at $1,633,112.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bruce A. Campbell sold 5,264 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $55.43, for a total value of $291,783.52. Following the completion of the transaction, the chairman now directly owns 153,454 shares of the company’s stock, valued at approximately $8,505,955.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,909 shares of company stock valued at $5,157,356. Company insiders own 2.40% of the company’s stock.
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Forward Air 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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