Forward Air (NASDAQ:FWRD – Get Free Report) is anticipated to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Forward Air to post earnings of ($0.12) per share and revenue of $667.40 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Forward Air Stock Performance
NASDAQ FWRD opened at $27.50 on Tuesday. Forward Air has a 1-year low of $11.21 and a 1-year high of $40.92. The company has a 50 day moving average of $31.82 and a 200-day moving average of $33.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 5.07. The firm has a market cap of $796.13 million, a price-to-earnings ratio of -1.15 and a beta of 1.03.
Wall Street Analysts Forecast Growth
FWRD has been the topic of several research analyst reports. StockNews.com upgraded Forward Air to a “sell” rating in a report on Wednesday, November 6th. 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 note on Thursday, January 23rd. Finally, Benchmark restated a “hold” rating on shares of Forward Air in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Forward Air has a consensus rating of “Hold” and a consensus price target 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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