Forward Air (FWRD) Scheduled to Post Earnings on Thursday

Forward Air (NASDAQ:FWRD) is scheduled to release its earnings data after the market closes on Thursday, October 24th. Analysts expect Forward Air to post earnings of $0.78 per share for the quarter. Forward Air has set its Q3 2019 guidance at $0.74-0.78 EPS and its Q3 guidance at $0.77-0.81 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Forward Air (NASDAQ:FWRD) last posted its earnings results on Thursday, July 25th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.04). The business had revenue of $345.76 million during the quarter, compared to the consensus estimate of $348.07 million. Forward Air had a return on equity of 17.18% and a net margin of 6.70%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, analysts expect Forward Air to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NASDAQ FWRD opened at $64.95 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $1.81 billion, a PE ratio of 20.82 and a beta of 1.54. Forward Air has a 1 year low of $51.54 and a 1 year high of $68.82. The business’s 50-day moving average is $62.92 and its 200 day moving average is $61.46.

In related news, insider Glenn A. Adelaar sold 4,917 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $61.05, for a total value of $300,182.85. Following the sale, the insider now directly owns 41,177 shares of the company’s stock, valued at $2,513,855.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.04% of the stock is owned by company insiders.

Several research firms recently issued reports on FWRD. Zacks Investment Research raised Forward Air from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub cut Forward Air from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $70.00.

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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Earnings History for Forward Air (NASDAQ:FWRD)

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