Equities research analysts expect Forward Air Co. (NASDAQ:FWRD) to report earnings per share of $0.75 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Forward Air’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.74. Forward Air reported earnings of $0.64 per share during the same quarter last year, which indicates a positive year over year growth rate of 17.2%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, July 25th.

On average, analysts expect that Forward Air will report full-year earnings of $3.02 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.10. For the next year, analysts anticipate that the business will report earnings of $3.38 per share, with EPS estimates ranging from $3.28 to $3.59. Zacks’ EPS calculations are an average based on a survey of analysts that cover Forward Air.

Forward Air (NASDAQ:FWRD) last released its quarterly earnings results on Wednesday, April 25th. The transportation company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $302.60 million for the quarter, compared to analyst estimates of $291.73 million. Forward Air had a net margin of 7.85% and a return on equity of 14.41%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share.

Several analysts have recently commented on the stock. ValuEngine upgraded shares of Forward Air from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. BidaskClub upgraded shares of Forward Air from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Finally, Zacks Investment Research raised shares of Forward Air from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, June 19th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Forward Air presently has an average rating of “Hold” and an average price target of $63.80.

FWRD stock opened at $60.90 on Friday. The company has a market capitalization of $1.76 billion, a PE ratio of 24.05 and a beta of 1.27. Forward Air has a 12 month low of $49.88 and a 12 month high of $64.80. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.08.

In related news, insider Chris C. Ruble sold 7,969 shares of the company’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $60.50, for a total transaction of $482,124.50. Following the transaction, the insider now owns 24,756 shares of the company’s stock, valued at $1,497,738. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew J. Jewell sold 6,232 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $60.04, for a total transaction of $374,169.28. Following the transaction, the insider now directly owns 44,169 shares in the company, valued at approximately $2,651,906.76. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock worth $1,279,195 in the last three months. Insiders own 1.95% of the company’s stock.

A number of large investors have recently bought and sold shares of FWRD. Millennium Management LLC raised its stake in Forward Air by 117.0% during the first quarter. Millennium Management LLC now owns 376,168 shares of the transportation company’s stock worth $19,884,000 after purchasing an additional 202,820 shares during the period. Hsbc Holdings PLC raised its stake in Forward Air by 182.3% during the first quarter. Hsbc Holdings PLC now owns 151,173 shares of the transportation company’s stock worth $7,991,000 after purchasing an additional 97,615 shares during the period. Dean Investment Associates LLC purchased a new position in Forward Air during the first quarter worth approximately $3,438,000. BlackRock Inc. raised its stake in Forward Air by 1.4% during the first quarter. BlackRock Inc. now owns 3,758,348 shares of the transportation company’s stock worth $198,667,000 after purchasing an additional 50,652 shares during the period. Finally, Deutsche Bank AG raised its stake in Forward Air by 81.9% during the fourth quarter. Deutsche Bank AG now owns 102,345 shares of the transportation company’s stock worth $5,877,000 after purchasing an additional 46,090 shares during the period. 95.94% of the stock is currently owned by institutional investors.

Forward Air Company Profile

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).

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

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