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.
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.
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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