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.
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).
Featured Article: Blue-Chip Stocks
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.