Forward Air (NASDAQ:FWRD) announced its quarterly earnings results on Wednesday. The transportation company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03, Briefing.com reports. The business had revenue of $306.10 million during the quarter, compared to analyst estimates of $301.47 million. Forward Air had a net margin of 6.10% and a return on equity of 13.76%. Forward Air’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. Forward Air updated its Q1 guidance to 0.55-0.59 EPS.
Shares of Forward Air (NASDAQ FWRD) opened at $60.01 on Thursday. Forward Air has a one year low of $45.86 and a one year high of $64.80. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1,731.85, a price-to-earnings ratio of 27.87 and a beta of 1.17.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Forward Air’s payout ratio is 28.17%.
In other news, Chairman Bruce A. Campbell sold 5,264 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $55.43, for a total value of $291,783.52. Following the completion of the sale, the chairman now owns 153,454 shares in the company, valued at approximately $8,505,955.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chris C. Ruble sold 23,020 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $57.75, for a total transaction of $1,329,405.00. Following the completion of the sale, the insider now owns 28,279 shares of the company’s stock, valued at approximately $1,633,112.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,909 shares of company stock valued at $5,157,356. Company insiders own 2.40% of the company’s stock.
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Forward Air Company Profile
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.
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