Headlines about Forward Air Corporation (NASDAQ:FWRD) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forward Air Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 46.2080106892853 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Analysts Anticipate Forward Air Corporation (FWRD) Will Post Earnings of $0.58 Per Share (americanbankingnews.com)
- Michael P. Mclean Sells 2,495 Shares of Forward Air Corporation (NASDAQ:FWRD) Stock (americanbankingnews.com)
- FORWARD AIR CORP : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Zacks Investment Research Downgrades Forward Air Corporation (FWRD) to Hold (americanbankingnews.com)
- Wolfe Research Reiterates Peer Perform Rating for Forward Air Corporation (FWRD) (americanbankingnews.com)
FWRD has been the topic of several research reports. BidaskClub upgraded shares of Forward Air Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Stifel Nicolaus increased their price target on shares of Forward Air Corporation from $46.00 to $47.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research lowered shares of Forward Air Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Wolfe Research lowered shares of Forward Air Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $49.75.
Shares of Forward Air Corporation (FWRD) traded up 1.16% during mid-day trading on Friday, reaching $51.59. 114,064 shares of the company were exchanged. The company’s 50 day moving average price is $53.17 and its 200 day moving average price is $50.39. Forward Air Corporation has a 12 month low of $40.07 and a 12 month high of $56.52. The firm has a market capitalization of $1.56 billion, a PE ratio of 26.98 and a beta of 1.06.
Forward Air Corporation (NASDAQ:FWRD) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. The business had revenue of $267.50 million for the quarter, compared to the consensus estimate of $256.98 million. Forward Air Corporation had a net margin of 5.68% and a return on equity of 13.31%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Equities analysts anticipate that Forward Air Corporation will post $2.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, August 23rd. Forward Air Corporation’s dividend payout ratio (DPR) is currently 31.25%.
In related news, CAO Michael P. Mclean sold 2,495 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $52.00, for a total transaction of $129,740.00. Following the transaction, 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 accessible through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $53.58, for a total transaction of $160,740.00. Following the transaction, the director now directly owns 16,652 shares in the company, valued at $892,214.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,576 shares of company stock worth $2,568,378. 2.40% of the stock is currently owned by insiders.
Forward Air Corporation 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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