Forward Air (FWRD) Scheduled to Post Earnings on Wednesday

Forward Air (NASDAQ:FWRD) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Forward Air to post earnings of ($0.07) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Forward Air (NASDAQ:FWRD) last released its quarterly earnings results on Wednesday, May 8th. The transportation company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.49). Forward Air had a net margin of 4.08% and a return on equity of 5.37%. The firm had revenue of $541.81 million for the quarter, compared to analysts’ expectations of $644.00 million. During the same quarter in the previous year, the business earned $1.37 EPS. On average, analysts expect Forward Air to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Forward Air Price Performance

Shares of Forward Air stock traded down $0.42 during trading on Tuesday, hitting $21.09. 345,027 shares of the stock traded hands, compared to its average volume of 1,077,588. The stock has a market cap of $557.58 million, a price-to-earnings ratio of 6.29 and a beta of 1.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.27. Forward Air has a 52 week low of $11.21 and a 52 week high of $113.36. The firm’s fifty day moving average is $21.16 and its 200-day moving average is $27.06.

Analyst Ratings Changes

FWRD has been the topic of several research reports. Wolfe Research raised shares of Forward Air from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, May 28th. Robert W. Baird boosted their price target on shares of Forward Air from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Forward Air in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $76.86.

About Forward Air

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.