Forward Air (FWRD) Scheduled to Post Quarterly Earnings on Wednesday

Forward Air (NASDAQ:FWRDGet Rating) is scheduled to release its earnings data after the market closes on Wednesday, April 27th. Analysts expect Forward Air to post earnings of $1.16 per share for the quarter. Forward Air has set its Q1 2022 guidance at $1.150-$1.190 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Forward Air (NASDAQ:FWRDGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.12. Forward Air had a net margin of 6.37% and a return on equity of 20.80%. The company had revenue of $459.93 million during the quarter, compared to analysts’ expectations of $439.13 million. During the same quarter in the prior year, the company earned $0.55 EPS. On average, analysts expect Forward Air to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NASDAQ FWRD opened at $92.47 on Wednesday. Forward Air has a 12-month low of $80.56 and a 12-month high of $125.71. The stock has a market cap of $2.48 billion, a PE ratio of 24.02 and a beta of 1.23. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $98.50 and a 200 day moving average of $102.86.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Thursday, March 3rd were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.04%. The ex-dividend date was Wednesday, March 2nd. This is a boost from Forward Air’s previous quarterly dividend of $0.21. Forward Air’s dividend payout ratio is currently 24.94%.

Institutional investors have recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Forward Air by 18.3% in the 2nd quarter. Morgan Stanley now owns 136,764 shares of the transportation company’s stock worth $12,275,000 after acquiring an additional 21,111 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Forward Air by 15.9% in the 3rd quarter. Royal Bank of Canada now owns 4,727 shares of the transportation company’s stock worth $392,000 after acquiring an additional 650 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Forward Air in the 3rd quarter worth approximately $267,000. Janus Henderson Group PLC acquired a new position in shares of Forward Air in the 3rd quarter worth approximately $231,000. Finally, Marshall Wace LLP acquired a new position in shares of Forward Air in the 4th quarter worth approximately $4,780,000. 98.01% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on FWRD shares. Raymond James upped their price objective on shares of Forward Air from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 30th. Robert W. Baird cut shares of Forward Air from an “outperform” rating to a “neutral” rating and increased their price target for the company from $110.00 to $125.00 in a research note on Wednesday, January 5th. Wolfe Research cut shares of Forward Air from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 6th. StockNews.com cut shares of Forward Air from a “buy” rating to a “hold” rating in a research note on Sunday, April 10th. Finally, Stephens raised shares of Forward Air from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $115.00 to $165.00 in a research note on Tuesday, January 4th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $136.67.

Forward Air Company Profile (Get Rating)

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.

Further Reading

Earnings History for Forward Air (NASDAQ:FWRD)

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