Forward Air (FWRD) to Release Quarterly Earnings on Wednesday

Forward Air (NASDAQ:FWRD) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Forward Air to post earnings of ($0.15) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Forward Air (NASDAQ:FWRD) last released its quarterly earnings results on Thursday, February 29th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.16). The company had revenue of $338.43 million for the quarter, compared to the consensus estimate of $406.96 million. Forward Air had a return on equity of 15.30% and a net margin of 10.58%. The firm’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 earnings per share. On average, analysts expect Forward Air to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Forward Air Stock Performance

Shares of FWRD opened at $21.78 on Monday. The firm’s 50 day moving average is $28.03 and its 200-day moving average is $47.88. The stock has a market capitalization of $574.34 million, a P/E ratio of 3.39 and a beta of 1.06. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.46 and a quick ratio of 1.46. Forward Air has a 12-month low of $20.95 and a 12-month high of $121.38.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FWRD. StockNews.com cut shares of Forward Air from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. Robert W. Baird dropped their target price on shares of Forward Air from $50.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, March 1st. Wolfe Research downgraded shares of Forward Air from a “peer perform” rating to an “underperform” rating and set a $50.00 target price on the stock. in a research report on Wednesday, January 10th. Stifel Nicolaus dropped their target price on shares of Forward Air from $80.00 to $55.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Finally, Benchmark reissued a “hold” rating on shares of Forward Air in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $80.14.

Forward Air Company Profile

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.