Equities analysts expect Forward Air Co. (NASDAQ:FWRD – Get Rating) to post $498.87 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Forward Air’s earnings. The lowest sales estimate is $494.30 million and the highest is $505.70 million. Forward Air reported sales of $420.67 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Forward Air will report full-year sales of $1.96 billion for the current financial year, with estimates ranging from $1.94 billion to $1.98 billion. For the next year, analysts forecast that the company will post sales of $2.07 billion, with estimates ranging from $2.05 billion to $2.09 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Forward Air.
Forward Air (NASDAQ:FWRD – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The transportation company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. The company had revenue of $466.96 million during the quarter, compared to analyst estimates of $453.60 million. Forward Air had a return on equity of 24.69% and a net margin of 7.77%. During the same period in the prior year, the firm posted $0.60 earnings per share.
NASDAQ FWRD opened at $92.60 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.73. Forward Air has a 52-week low of $80.56 and a 52-week high of $125.71. The company has a 50 day simple moving average of $95.08 and a 200-day simple moving average of $103.30. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 18.45 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Thursday, May 26th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Wednesday, May 25th. Forward Air’s payout ratio is 19.12%.
Several institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC boosted its holdings in shares of Forward Air by 0.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 22,767 shares of the transportation company’s stock worth $2,226,000 after purchasing an additional 101 shares during the period. Crossmark Global Holdings Inc. lifted its position in Forward Air by 4.7% in the first quarter. Crossmark Global Holdings Inc. now owns 2,440 shares of the transportation company’s stock valued at $238,000 after purchasing an additional 110 shares during the period. Eaton Vance Management grew its stake in Forward Air by 14.6% in the 4th quarter. Eaton Vance Management now owns 997 shares of the transportation company’s stock worth $30,000 after acquiring an additional 127 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Forward Air by 0.3% during the 4th quarter. Public Sector Pension Investment Board now owns 54,904 shares of the transportation company’s stock valued at $6,648,000 after buying an additional 140 shares during the period. Finally, Meritage Portfolio Management raised its holdings in shares of Forward Air by 5.4% during the fourth quarter. Meritage Portfolio Management now owns 2,752 shares of the transportation company’s stock worth $333,000 after purchasing an additional 142 shares during the period. 97.66% of the stock is owned by institutional investors and hedge funds.
About Forward Air (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.
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