Forward Air (NASDAQ:FWRD) announced its quarterly earnings data on Thursday. The transportation company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.12, Bloomberg Earnings reports. Forward Air had a return on equity of 17.08% and a net margin of 6.97%. The business had revenue of $356.60 million during the quarter, compared to the consensus estimate of $347.16 million. During the same period in the previous year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Forward Air updated its Q1 2019 guidance to $0.60-0.64 EPS and its Q1 guidance to $0.60-0.64 EPS.
Shares of Forward Air stock opened at $64.52 on Friday. Forward Air has a one year low of $51.00 and a one year high of $72.81. The stock has a market cap of $1.72 billion, a PE ratio of 20.68 and a beta of 1.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.66 and a quick ratio of 2.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, March 6th. Forward Air’s dividend payout ratio is presently 23.08%.
A number of brokerages have recently commented on FWRD. ValuEngine raised Forward Air from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised Forward Air from a “sell” rating to a “hold” rating in a research report on Monday, January 14th. BidaskClub downgraded Forward Air from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Stephens downgraded Forward Air from an “overweight” rating to an “equal” rating and lowered their price objective for the stock from $74.00 to $67.00 in a research report on Monday, October 29th. Finally, Stifel Nicolaus set a $68.00 price objective on Forward Air and gave the stock a “hold” rating in a research report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $68.75.
ILLEGAL ACTIVITY NOTICE: “Forward Air (FWRD) Posts Earnings Results, Beats Estimates By $0.12 EPS” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4138572/forward-air-fwrd-posts-earnings-results-beats-estimates-by-0-12-eps.html.
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).
Read More: What does relative strength index mean?
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.