Forward Air Corporation (NASDAQ:FWRD) Receives Daily Media Impact Rating of 0.19
News articles about Forward Air Corporation (NASDAQ:FWRD) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forward Air Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media headlines about the transportation company an impact score of 45.9604076548368 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Forward Air Corporation (FWRD) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Forward Air Corporation’s (FWRD) Hold Rating Reiterated at Cowen and Company (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Forward Air Corp. (finance.yahoo.com)
- Forward Air Corporation (FWRD) Position Decreased by Neuberger Berman Group LLC Last Quarter (highlightpress.com)
- Insider Trading Activity Forward Air Corporation (NASDAQ:FWRD) – CAO Sold 15,718 shares of Stock (4-traders.com)
Several equities research analysts have recently commented on FWRD shares. Stifel Nicolaus restated a “hold” rating and issued a $46.00 price target (up previously from $44.00) on shares of Forward Air Corporation in a report on Friday, April 14th. Zacks Investment Research upgraded shares of Forward Air Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday, May 16th. BidaskClub upgraded shares of Forward Air Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Wolfe Research lowered shares of Forward Air Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.25.
Forward Air Corporation (NASDAQ FWRD) traded up 0.08% on Friday, hitting $50.88. 114,317 shares of the company traded hands. Forward Air Corporation has a 12 month low of $40.07 and a 12 month high of $56.52. The stock’s 50-day moving average is $52.74 and its 200 day moving average is $50.49. The firm has a market capitalization of $1.54 billion, a P/E ratio of 26.61 and a beta of 1.06.
Forward Air Corporation (NASDAQ:FWRD) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Forward Air Corporation had a net margin of 5.68% and a return on equity of 13.31%. The firm had revenue of $267.50 million for the quarter, compared to analyst estimates of $256.98 million. During the same period last year, the firm posted $0.57 EPS. Forward Air Corporation’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts forecast that Forward Air Corporation will post $2.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. Forward Air Corporation’s dividend payout ratio (DPR) is 31.25%.
In related news, Director C Robert Campbell sold 1,718 shares of Forward Air Corporation stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $52.99, for a total value of $91,036.82. Following the transaction, the director now directly owns 19,652 shares in the company, valued at approximately $1,041,359.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Bruce A. Campbell sold 20,529 shares of Forward Air Corporation stock in a transaction on 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 owns 203,235 shares in the company, valued at $10,495,055.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,295 shares of company stock worth $2,861,066. 2.40% of the stock is currently owned by insiders.
About Forward Air Corporation
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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