Forward Air (NASDAQ:FWRD – Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Forward Air (NASDAQ:FWRD – Get Free Report) last issued its earnings results on Thursday, February 29th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.16). The firm had revenue of $338.43 million during the quarter, compared to the consensus estimate of $406.96 million. Forward Air had a return on equity of 15.30% and a net margin of 10.58%. Forward Air’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. On average, analysts expect Forward Air to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Forward Air Stock Performance
Shares of FWRD stock opened at $20.76 on Tuesday. Forward Air has a 12 month low of $20.70 and a 12 month high of $121.38. The firm has a market capitalization of $547.44 million, a PE ratio of 3.23 and a beta of 1.06. The firm has a fifty day simple moving average of $27.66 and a two-hundred day simple moving average of $47.49. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.38.
Analysts Set New Price Targets
View Our Latest Analysis on FWRD
Forward Air Company Profile
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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.
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