Forward Air Corp. EVP Matthew J. Jewell Unloads 7,100 Shares (FWRD)
Forward Air Corp. (NASDAQ:FWRD) EVP Matthew J. Jewell unloaded 7,100 shares of Forward Air Corp. stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $46.54, for a total transaction of $330,434.00. Following the completion of the sale, the executive vice president now directly owns 26,845 shares of the company’s stock, valued at approximately $1,249,366. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Forward Air Corp. (NASDAQ:FWRD) opened at 46.25 on Monday. Forward Air Corp. has a 52-week low of $36.05 and a 52-week high of $48.93. The stock’s 50-day moving average is $46.71 and its 200-day moving average is $45.1. The company has a market cap of $1.426 billion and a P/E ratio of 25.30.
Forward Air Corp. (NASDAQ:FWRD) last announced its earnings results on Tuesday, July 22nd. The company reported $0.55 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.55. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $197.42 million. During the same quarter last year, the company posted $0.45 earnings per share. Forward Air Corp.’s revenue was up 21.3% compared to the same quarter last year. On average, analysts predict that Forward Air Corp. will post $2.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, August 19th.
Separately, analysts at Robert W. Baird raised their price target on shares of Forward Air Corp. from $51.00 to $52.00 in a research note on Tuesday, July 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Forward Air Corp. presently has a consensus rating of “Buy” and a consensus price target of $50.75.
Forward Air Corporation operates in two segments: Forward Air, Inc (NASDAQ:FWRD) and Forward Air Solutions, Inc (FASI).
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