Forward Air Co. (NASDAQ:FWRD) – Equities research analysts at Seaport Global Securities upped their Q1 2018 earnings estimates for shares of Forward Air in a research note issued to investors on Thursday. Seaport Global Securities analyst K. Sterling now forecasts that the transportation company will earn $0.57 per share for the quarter, up from their previous forecast of $0.47. Seaport Global Securities also issued estimates for Forward Air’s Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $2.89 EPS and FY2019 earnings at $3.27 EPS.

Other equities analysts also recently issued research reports about the stock. Stephens reaffirmed a “buy” rating and set a $80.00 price target on shares of Forward Air in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Forward Air from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Tuesday, January 9th. Stifel Nicolaus boosted their target price on shares of Forward Air from $47.00 to $52.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. BidaskClub raised shares of Forward Air from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Cowen reissued a “market perform” rating and issued a $54.00 target price (up previously from $51.00) on shares of Forward Air in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $61.40.

Forward Air (NASDAQ FWRD) opened at $55.54 on Monday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.08. Forward Air has a 1-year low of $45.86 and a 1-year high of $64.80. The firm has a market cap of $1,635.39, a P/E ratio of 23.27 and a beta of 1.17.

Forward Air (NASDAQ:FWRD) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. Forward Air had a net margin of 7.93% and a return on equity of 13.91%. The business had revenue of $306.10 million for the quarter, compared to the consensus estimate of $301.47 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Forward Air by 0.6% in the second quarter. Vanguard Group Inc. now owns 2,694,979 shares of the transportation company’s stock worth $143,589,000 after purchasing an additional 16,137 shares during the last quarter. Victory Capital Management Inc. increased its position in Forward Air by 12.5% in the third quarter. Victory Capital Management Inc. now owns 1,255,469 shares of the transportation company’s stock worth $71,850,000 after purchasing an additional 139,363 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Forward Air by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,214,199 shares of the transportation company’s stock worth $69,488,000 after purchasing an additional 3,378 shares during the last quarter. State Street Corp increased its position in Forward Air by 1.4% in the second quarter. State Street Corp now owns 785,118 shares of the transportation company’s stock worth $41,835,000 after purchasing an additional 10,471 shares during the last quarter. Finally, Northern Trust Corp increased its position in Forward Air by 4.6% in the second quarter. Northern Trust Corp now owns 467,009 shares of the transportation company’s stock worth $24,882,000 after purchasing an additional 20,421 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.

In other news, Chairman Bruce A. Campbell sold 34,281 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $55.01, for a total value of $1,885,797.81. Following the transaction, the chairman now owns 155,831 shares of the company’s stock, valued at $8,572,263.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chris C. Ruble sold 23,020 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $57.75, for a total transaction of $1,329,405.00. Following the completion of the transaction, the insider now directly owns 28,279 shares in the company, valued at approximately $1,633,112.25. The disclosure for this sale can be found here. Insiders sold 91,909 shares of company stock worth $5,157,356 in the last three months. Insiders own 2.40% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, March 7th. Forward Air’s dividend payout ratio (DPR) is presently 20.76%.

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About Forward Air

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.

Earnings History and Estimates for Forward Air (NASDAQ:FWRD)

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