Forward Air Corporation (FWRD) Earns News Sentiment Score of 0.11
News headlines about Forward Air Corporation (NASDAQ:FWRD) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Forward Air Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 46.5647317001859 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Here is What Institutional Investors Think About Air Lease Corp (NYSE:AL) (naijaoversabi.com)
- Analysts Anticipate Forward Air Corporation (FWRD) Will Post Earnings of $0.58 Per Share (americanbankingnews.com)
- Michael P. Mclean Sells 2,495 Shares of Forward Air Corporation (NASDAQ:FWRD) Stock (americanbankingnews.com)
- FORWARD AIR CORP : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Zacks Investment Research Downgrades Forward Air Corporation (FWRD) to Hold (americanbankingnews.com)
Forward Air Corporation (FWRD) opened at 51.59 on Monday. Forward Air Corporation has a 52-week low of $40.07 and a 52-week high of $56.52. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 26.98 and a beta of 1.06. The stock has a 50 day moving average price of $53.17 and a 200 day moving average price of $50.39.
Forward Air Corporation (NASDAQ:FWRD) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.58 by $0.06. The firm had revenue of $267.50 million during the quarter, compared to the consensus estimate of $256.98 million. Forward Air Corporation had a net margin of 5.68% and a return on equity of 13.31%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. Equities research analysts forecast that Forward Air Corporation will post $2.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, August 23rd. Forward Air Corporation’s dividend payout ratio (DPR) is 31.25%.
Several research analysts recently issued reports on the company. BidaskClub raised Forward Air Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Stifel Nicolaus raised their target price on Forward Air Corporation from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research lowered Forward Air Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Wolfe Research lowered Forward Air Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $49.75.
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In other news, Chairman Bruce A. Campbell sold 20,529 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $51.64, for a total transaction of $1,060,117.56. Following the completion of the transaction, the chairman now directly owns 203,235 shares of the company’s stock, valued at $10,495,055.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Michael P. Mclean sold 3,333 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $50.33, for a total transaction of $167,749.89. Following the transaction, the chief accounting officer now directly owns 21,718 shares of the company’s stock, valued at $1,093,066.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,910 shares of company stock valued at $2,226,412. Insiders own 2.40% of the company’s stock.
Forward Air Corporation Company Profile
Forward Air Corporation is a freight and logistics company. The Company provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The Company’s segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution.
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