Forward Air Corp. (FWRD) Declares Quarterly Dividend of $0.10
Forward Air Corp. (NASDAQ:FWRD) declared a quarterly dividend on Thursday, October 24th, Analyst Ratings Network.com reports. Stockholders of record on Saturday, November 23rd will be given a dividend of $0.10 per share on Monday, December 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.97%.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Forward Air Corp. from $43.00 to $49.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Analysts at Cowen and Company raised their price target on shares of Forward Air Corp. from $38.00 to $41.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.28.
Forward Air Corp. (NASDAQ:FWRD) traded up 0.10% on Thursday, hitting $41.49. The stock had a trading volume of 133,394 shares. Forward Air Corp. has a 52-week low of $29.65 and a 52-week high of $41.94. The stock’s 50-day moving average is $37.17 and its 200-day moving average is $37.84. The company has a market cap of $1.268 billion and a price-to-earnings ratio of 23.58.
Forward Air Corp. (NASDAQ:FWRD) last announced its earnings results on Tuesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $170.00 million for the quarter, compared to the consensus estimate of $162.10 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts expect that Forward Air Corp. will post $1.83 EPS for the current fiscal year.
Forward Air Corporation operates in two segments: Forward Air, Inc (NASDAQ:FWRD) and Forward Air Solutions, Inc (FASI).
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