Forward Air (FWRD) Scheduled to Post Earnings on Wednesday

Forward Air (NASDAQ:FWRD - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Forward Air to post earnings of ($0.15) per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Forward Air (NASDAQ:FWRD - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.16). Forward Air had a net margin of 10.58% and a return on equity of 15.30%. The company had revenue of $338.43 million for the quarter, compared to analyst estimates of $406.96 million. During the same quarter last year, the company earned $1.65 EPS. The business's revenue was down 16.0% compared to the same quarter last year. 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 Down 4.4 %

Shares of FWRD traded down $0.97 during mid-day trading on Wednesday, hitting $21.05. 548,776 shares of the company traded hands, compared to its average volume of 918,441. Forward Air has a 1-year low of $20.99 and a 1-year high of $121.38. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $555.09 million, a PE ratio of 3.43 and a beta of 0.98. The business has a 50 day moving average of $29.13 and a 200 day moving average of $49.02.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wolfe Research downgraded shares of Forward Air from a "peer perform" rating to an "underperform" rating and set a $50.00 price target on the stock. in a report on Wednesday, January 10th. Stifel Nicolaus cut their price target on shares of Forward Air from $80.00 to $55.00 and set a "hold" rating on the stock in a report on Monday, January 22nd. StockNews.com downgraded shares of Forward Air from a "hold" rating to a "sell" rating in a report on Monday, March 18th. Benchmark reiterated a "hold" rating on shares of Forward Air in a report on Wednesday, April 24th. Finally, Robert W. Baird cut their price target on shares of Forward Air from $50.00 to $40.00 and set a "neutral" rating on the stock in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $80.14.

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.