Forward Air (NASDAQ:FWRD) updated its third quarter 2020
After-Hours earnings guidance on Thursday. The company provided earnings per share guidance of 0.40-0.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.35. The company issued revenue guidance of $365.27963-379.74615 million, compared to the consensus revenue estimate of $301.06 million.Forward Air also updated its Q3 guidance to $0.40-44 EPS.
FWRD has been the topic of several research reports. Stifel Nicolaus lifted their price objective on shares of Forward Air from $45.00 to $52.00 and gave the company a hold rating in a report on Friday, July 24th. Robert W. Baird cut their price target on Forward Air from $60.00 to $54.00 and set an outperformer rating on the stock in a report on Monday, May 4th. Wolfe Research raised Forward Air from an underperform rating to a peer perform rating in a research report on Tuesday, June 9th. Zacks Investment Research raised Forward Air from a strong sell rating to a hold rating in a research report on Wednesday, July 8th. Finally, BidaskClub upgraded shares of Forward Air from a sell rating to a hold rating in a report on Tuesday, July 28th. Four analysts have rated the stock with a hold rating, The company has an average rating of Hold and an average price target of $57.81.
Shares of FWRD stock opened at $51.99 on Friday. Forward Air has a 12-month low of $39.59 and a 12-month high of $72.09. The business’s fifty day simple moving average is $49.20 and its 200-day simple moving average is $53.59. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.45 billion, a PE ratio of 25.49 and a beta of 1.16.
Forward Air (NASDAQ:FWRD) last announced its earnings results on Thursday, July 30th. The transportation company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Forward Air had a return on equity of 11.26% and a net margin of 4.23%. The business had revenue of $281.68 million for the quarter, compared to analysts’ expectations of $276.98 million. On average, equities analysts forecast that Forward Air will post 1.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. Forward Air’s payout ratio is 23.68%.
Forward Air Company Profile
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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