Forward Air (NASDAQ:FWRD - Get Free Report) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Forward Air to post earnings of ($0.05) per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
Forward Air (NASDAQ:FWRD - Get Free Report) last issued its earnings results on Wednesday, August 7th. The transportation company reported ($23.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($23.11). Forward Air had a negative net margin of 30.77% and a negative return on equity of 79.11%. The firm had revenue of $643.67 million during the quarter, compared to analyst estimates of $642.92 million. During the same quarter last year, the business posted $0.91 earnings per share. The company's revenue for the quarter was up 92.9% on a year-over-year basis. On average, analysts expect Forward Air to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Forward Air Stock Performance
NASDAQ:FWRD traded up $0.41 during mid-day trading on Monday, hitting $37.30. The stock had a trading volume of 422,443 shares, compared to its average volume of 1,016,091. Forward Air has a twelve month low of $11.21 and a twelve month high of $71.96. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -1.79 and a beta of 1.02. The company's 50 day simple moving average is $35.01 and its 200 day simple moving average is $25.94. The company has a debt-to-equity ratio of 4.70, a quick ratio of 1.33 and a current ratio of 1.33.
Analysts Set New Price Targets
Several brokerages have issued reports on FWRD. Benchmark restated a "hold" rating on shares of Forward Air in a research report on Monday, August 12th. Stifel Nicolaus lifted their price objective on shares of Forward Air from $31.00 to $36.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Robert W. Baird lifted their price objective on shares of Forward Air from $17.00 to $24.00 and gave the company a "neutral" rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group set a $47.00 target price on shares of Forward Air and gave the stock a "buy" rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $46.40.
Check Out Our Latest Stock Analysis on FWRD
Forward Air Company Profile
(
Get Free Report)
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.
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