News stories about Forward Air (NASDAQ:FWRD) have trended somewhat positive this week, AlphaOne Sentiment Analysis reports. The research firm, a division of Accern, identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forward Air earned a daily sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also gave media headlines about the transportation company an impact score of 63 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
FWRD has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Forward Air from a “sell” rating to a “hold” rating in a research note on Monday, February 13th. Wolfe Research raised shares of Forward Air from a “market perform” rating to an “outperform” rating in a research note on Friday, January 6th. Seaport Global Securities initiated coverage on shares of Forward Air in a research note on Thursday, March 2nd. They issued a “neutral” rating on the stock. TheStreet raised shares of Forward Air from a “c+” rating to a “b” rating in a research note on Monday, February 27th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $46.00 target price (up previously from $44.00) on shares of Forward Air in a research note on Friday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $40.25.
Forward Air (NASDAQ:FWRD) traded up 0.86% during mid-day trading on Friday, reaching $49.28. 105,658 shares of the company were exchanged. Forward Air has a 12-month low of $40.07 and a 12-month high of $51.51. The company’s 50 day moving average price is $47.43 and its 200-day moving average price is $47.15. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 54.76 and a beta of 1.05.
Forward Air (NASDAQ:FWRD) last announced its quarterly earnings results on Wednesday, February 8th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. The company had revenue of $264.80 million for the quarter, compared to analyst estimates of $256.53 million. Forward Air had a net margin of 2.82% and a return on equity of 12.77%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. On average, equities research analysts forecast that Forward Air will post $2.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Thursday, March 9th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, March 7th. Forward Air’s dividend payout ratio (DPR) is presently 65.93%.
In related news, insider Craig A. Drum sold 557 shares of Forward Air stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $47.79, for a total transaction of $26,619.03. Following the sale, the insider now directly owns 11,856 shares in the company, valued at approximately $566,598.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.35% of the stock is owned by company insiders.
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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