Forward Air (FWRD) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.48-0.52 for the period.

Shares of Forward Air (FWRD) traded down 0.49% during mid-day trading on Thursday, hitting $30.61. Forward Air (FWRD) has a one year low of $27.26 and a one year high of $37.39. The company has a market cap of $891.5 million and a P/E ratio of 17.47.

Forward Air last issued its quarterly earnings data on Thursday, October 18th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Forward Air’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Forward Air (FWRD) will post $1.73 EPS for the current fiscal year.

On a related note, analysts at Bank of America cut their price target on shares of Forward Air to $35.00 in a research note to investors on Tuesday, September 25th.

Forward Air Corporation provides time-definite surface transportation and related logistics services to the North American deferred airfreight market.

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