Forward Air Co. (FWRD) Plans Quarterly Dividend of $0.15

Forward Air Co. (NASDAQ:FWRD) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Investors of record on Thursday, March 8th will be paid a dividend of 0.15 per share by the transportation company on Friday, March 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%.

Forward Air (NASDAQ:FWRD) opened at $60.01 on Thursday. Forward Air has a 12-month low of $45.86 and a 12-month high of $64.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.71 and a current ratio of 2.71. The firm has a market cap of $1,731.85, a PE ratio of 27.87 and a beta of 1.17.

Forward Air (NASDAQ:FWRD) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Forward Air had a net margin of 6.10% and a return on equity of 13.76%. The company had revenue of $306.10 million during the quarter, compared to analyst estimates of $301.47 million. During the same quarter last year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. sell-side analysts expect that Forward Air will post 2.34 earnings per share for the current year.

In other Forward Air news, insider Chris C. Ruble sold 23,020 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $57.75, for a total transaction of $1,329,405.00. Following the completion of the sale, the insider now directly owns 28,279 shares of the company’s stock, valued at $1,633,112.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Bruce A. Campbell sold 34,281 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $55.01, for a total transaction of $1,885,797.81. Following the sale, the chairman now directly owns 155,831 shares of the company’s stock, valued at $8,572,263.31. The disclosure for this sale can be found here. Insiders have sold 91,909 shares of company stock valued at $5,157,356 over the last ninety days. Insiders own 2.40% of the company’s stock.

Several research firms have recently weighed in on FWRD. Stephens restated a “buy” rating and set a $80.00 price objective on shares of Forward Air in a research report on Wednesday, January 10th. Robert W. Baird upgraded shares of Forward Air from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 18th. BidaskClub upgraded shares of Forward Air from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Stifel Nicolaus raised their price objective on shares of Forward Air from $47.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of Forward Air from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $62.60.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2018/02/08/forward-air-co-fwrd-plans-quarterly-dividend-of-0-15.html.

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.

Dividend History for Forward Air (NASDAQ:FWRD)

Receive News & Ratings for Forward Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forward Air and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply