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Forward Air Corp. (NASDAQ:FWRD) shares hit a new 52-week high during mid-day trading on Monday , StockRatingsNetwork reports. The stock traded as high as $47.97 and last traded at $47.91, with a volume of 82,259 shares trading hands. The stock had previously closed at $46.98.

The stock has a 50-day moving average of $44.63 and a 200-day moving average of $44.34. The company has a market cap of $1.493 billion and a P/E ratio of 27.05.

Forward Air Corp. (NASDAQ:FWRD) last released its earnings data on Monday, April 21st. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.05. The company had revenue of $171.60 million for the quarter, compared to the consensus estimate of $171.66 million. During the same quarter last year, the company posted $0.36 earnings per share. Forward Air Corp.’s revenue was up 21.2% compared to the same quarter last year. On average, analysts predict that Forward Air Corp. will post $2.13 earnings per share 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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