Press coverage about Forward Air (NASDAQ:FWRD) has trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of 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 positive one, with scores closest to one being the most favorable. Forward Air earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 46.9557046747017 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Forward Air stock opened at $53.36 on Monday. The stock has a market cap of $1,569.69, a P/E ratio of 22.61 and a beta of 1.25. Forward Air has a 52 week low of $46.35 and a 52 week high of $64.80. The company has a current ratio of 2.71, a quick ratio of 2.68 and a debt-to-equity ratio of 0.08.
Forward Air (NASDAQ:FWRD) last posted its earnings results on Wednesday, February 7th. The transportation company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $306.10 million for the quarter, compared to analyst estimates of $301.47 million. Forward Air had a return on equity of 13.91% and a net margin of 7.93%. Forward Air’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. research analysts anticipate that Forward Air will post 2.99 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Thursday, March 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, March 7th. Forward Air’s dividend payout ratio (DPR) is 25.42%.
A number of research analysts have recently weighed in on FWRD shares. BidaskClub lowered Forward Air from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Zacks Investment Research lowered Forward Air from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Robert W. Baird raised Forward Air from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Finally, Stephens set a $74.00 target price on Forward Air and gave the stock a “buy” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $61.40.
In related news, Director George M. Lynch sold 2,443 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $55.47, for a total transaction of $135,513.21. Following the sale, the director now directly owns 9,940 shares of the company’s stock, valued at $551,371.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.
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About Forward Air
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).
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