Forward Air (NASDAQ:FWRD) will be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce 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.Parties that wish to listen to the company’s conference call can do so using this link.

Forward Air (NASDAQ:FWRD) last released its earnings results on Thursday, July 25th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.04). The firm had revenue of $345.76 million for 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%. Forward Air’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. On average, analysts expect Forward Air to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

FWRD stock opened at $63.74 on Tuesday. The stock has a 50-day moving average price of $62.87 and a two-hundred day moving average price of $61.46. The stock has a market cap of $1.81 billion, a PE ratio of 20.43 and a beta of 1.54. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29. Forward Air has a 1 year low of $51.54 and a 1 year high of $68.82.

FWRD has been the subject of a number of research reports. BidaskClub cut Forward Air from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Zacks Investment Research cut Forward Air from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.00.

In other 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 completion of the transaction, the insider now owns 41,177 shares in the company, valued at approximately $2,513,855.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.04% of the stock is owned by company insiders.

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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