Forward Air Co. (FWRD) to Issue Dividend of $0.18 on December 6th

Forward Air Co. (NASDAQ:FWRD) announced a dividend on Tuesday, October 22nd, Fidelity reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.18 per share by the transportation company on Friday, December 6th. The ex-dividend date is Wednesday, November 20th.

Shares of NASDAQ FWRD traded up $0.16 during mid-day trading on Monday, hitting $69.87. The company had a trading volume of 1,443 shares, compared to its average volume of 141,767. Forward Air has a 1-year low of $51.54 and a 1-year high of $72.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $1.97 billion, a PE ratio of 22.33 and a beta of 1.54. The business’s 50-day simple moving average is $65.90 and its 200 day simple moving average is $61.80.

Forward Air (NASDAQ:FWRD) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.78 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.78. Forward Air had a return on equity of 17.06% and a net margin of 6.54%. The company had revenue of $361.70 million for the quarter, compared to analysts’ expectations of $354.91 million. During the same period last year, the firm earned $0.76 earnings per share. Forward Air’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Forward Air will post 3.23 EPS for the current year.

In other Forward Air news, insider Glenn A. Adelaar sold 4,917 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $61.05, for a total value of $300,182.85. Following the sale, the insider now directly owns 41,177 shares in the company, valued at $2,513,855.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.04% of the stock is owned by company insiders.

A number of analysts have weighed in on FWRD shares. Zacks Investment Research upgraded Forward Air from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, October 31st. BidaskClub upgraded Forward Air from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Robert W. Baird set a $75.00 price target on Forward Air and gave the company a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $76.67.

About Forward Air

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through four segments: Expedited Less-Than-Truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool).

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Dividend History for Forward Air (NASDAQ:FWRD)

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