Forward Air (NASDAQ:FWRD – Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $667.40 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Forward Air Price Performance
FWRD opened at $31.68 on Wednesday. The firm has a market cap of $917.14 million, a P/E ratio of -1.33 and a beta of 1.03. The firm has a 50-day moving average of $32.13 and a 200 day moving average of $33.33. The company has a debt-to-equity ratio of 5.07, a quick ratio of 1.21 and a current ratio of 1.21. Forward Air has a fifty-two week low of $11.21 and a fifty-two week high of $41.01.
Analyst Ratings Changes
Several equities analysts recently weighed in on FWRD shares. Stifel Nicolaus increased their price target on shares of Forward Air from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. StockNews.com raised shares of Forward Air to a “sell” rating in a report on Wednesday, November 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Forward Air in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Forward Air presently has an average rating of “Hold” and a consensus target price of $35.67.
About Forward Air
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.
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