Forward Air Co. (NASDAQ:FWRD) – Analysts at KeyCorp issued their Q1 2018 earnings estimates for Forward Air in a note issued to investors on Thursday. KeyCorp analyst T. Fowler expects that the transportation company will post earnings of $0.56 per share for the quarter. KeyCorp also issued estimates for Forward Air’s Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $3.00 EPS and FY2019 earnings at $3.35 EPS.
Forward Air (NASDAQ:FWRD) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $306.10 million during the quarter, compared to analyst estimates of $301.47 million. Forward Air had a return on equity of 13.91% and a net margin of 7.93%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS.
Forward Air (NASDAQ FWRD) opened at $54.93 on Monday. The firm has a market capitalization of $1,635.38, a PE ratio of 19.01 and a beta of 1.17. Forward Air has a 52 week low of $45.86 and a 52 week high of $64.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.71 and a current ratio of 2.71.
Several large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Forward Air during the 4th quarter valued at about $882,000. Rhumbline Advisers grew its position in shares of Forward Air by 12.6% during the 4th quarter. Rhumbline Advisers now owns 77,792 shares of the transportation company’s stock valued at $4,468,000 after acquiring an additional 8,722 shares during the period. Arizona State Retirement System grew its position in shares of Forward Air by 219.2% during the 4th quarter. Arizona State Retirement System now owns 50,036 shares of the transportation company’s stock valued at $2,874,000 after acquiring an additional 34,363 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Forward Air during the 4th quarter valued at about $362,000. Finally, Pinebridge Investments L.P. grew its position in shares of Forward Air by 180.7% during the 4th quarter. Pinebridge Investments L.P. now owns 10,555 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 6,795 shares during the period. Hedge funds and other institutional investors own 95.88% of the company’s stock.
In other news, insider Chris C. Ruble sold 23,020 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 28,279 shares in the company, valued at approximately $1,633,112.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bruce A. Campbell sold 28,744 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.25, for a total value of $1,616,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 91,909 shares of company stock worth $5,157,356 over the last 90 days. Insiders own 2.40% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, March 7th. Forward Air’s dividend payout ratio (DPR) is presently 20.76%.
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About Forward Air
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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