Forward Air Corporation (NASDAQ:FWRD) will post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Forward Air Corporation to post earnings of $0.60 per share for the quarter. Forward Air Corporation has set its Q3 guidance at $0.56-0.60 EPS.

Forward Air Corporation (NASDAQ:FWRD) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Forward Air Corporation had a return on equity of 13.31% and a net margin of 5.68%. The firm had revenue of $267.50 million during the quarter, compared to analysts’ expectations of $256.98 million. During the same period in the prior year, the business earned $0.57 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts expect Forward Air Corporation to post $2.35 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.

Forward Air Corporation (NASDAQ FWRD) opened at 57.85 on Wednesday. The stock has a market capitalization of $1.75 billion, a PE ratio of 30.26 and a beta of 1.12. The stock has a 50 day moving average price of $55.14 and a 200-day moving average price of $52.36. Forward Air Corporation has a 12-month low of $40.07 and a 12-month high of $59.71.

In other Forward Air Corporation news, CAO Michael P. Mclean sold 2,495 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $52.00, for a total transaction of $129,740.00. Following the sale, the chief accounting officer now directly owns 20,880 shares of the company’s stock, valued at $1,085,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael P. Mclean sold 15,718 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $51.05, for a total value of $802,403.90. Following the sale, the chief accounting officer now directly owns 20,559 shares in the company, valued at $1,049,536.95. The disclosure for this sale can be found here. Insiders have sold 23,197 shares of company stock worth $1,205,367 over the last three months. 2.40% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on FWRD. Cowen and Company reaffirmed a “hold” rating and issued a $51.00 target price on shares of Forward Air Corporation in a report on Thursday, August 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $60.00 target price on shares of Forward Air Corporation in a report on Friday, October 6th. Zacks Investment Research cut Forward Air Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub cut Forward Air Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Wolfe Research cut Forward Air Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Forward Air Corporation currently has a consensus rating of “Hold” and an average target price of $52.67.

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About Forward Air Corporation

Forward Air Corporation is a freight and logistics company. The Company provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The Company’s segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution.

Earnings History for Forward Air Corporation (NASDAQ:FWRD)

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