Equities analysts expect Forward Air Co. (NASDAQ:FWRD) to report $346.27 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Forward Air’s earnings. The highest sales estimate is $352.72 million and the lowest is $339.60 million. Forward Air posted sales of $306.12 million in the same quarter last year, which suggests a positive year over year growth rate of 13.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Forward Air will report full year sales of $1.31 billion for the current fiscal year, with estimates ranging from $1.30 billion to $1.32 billion. For the next fiscal year, analysts expect that the business will report sales of $1.41 billion, with estimates ranging from $1.39 billion to $1.45 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Forward Air.

Forward Air (NASDAQ:FWRD) last announced its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The firm had revenue of $331.38 million for the quarter, compared to analyst estimates of $327.81 million. Forward Air had a net margin of 7.85% and a return on equity of 15.63%.

A number of analysts recently commented on the stock. ValuEngine downgraded shares of Forward Air from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Zacks Investment Research lowered shares of Forward Air from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Deutsche Bank set a $73.00 price target on shares of Forward Air and gave the stock a “buy” rating in a research report on Thursday, September 27th. BidaskClub lowered shares of Forward Air from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Finally, Stifel Nicolaus set a $68.00 price objective on shares of Forward Air and gave the stock a “hold” rating in a research report on Thursday, October 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $68.75.

In related news, Director George M. Lynch sold 1,965 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $60.52, for a total value of $118,921.80. Following the sale, the director now owns 9,972 shares of the company’s stock, valued at approximately $603,505.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.95% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Sun Life Financial INC acquired a new position in shares of Forward Air in the second quarter worth about $142,000. Royal Bank of Canada raised its position in Forward Air by 281.0% during the first quarter. Royal Bank of Canada now owns 2,995 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 2,209 shares in the last quarter. Everence Capital Management Inc. bought a new position in Forward Air during the third quarter valued at approximately $205,000. Verition Fund Management LLC bought a new position in shares of Forward Air in the third quarter valued at approximately $219,000. Finally, Paloma Partners Management Co bought a new position in shares of Forward Air in the third quarter valued at approximately $271,000. Institutional investors own 96.72% of the company’s stock.

Shares of Forward Air stock opened at $61.72 on Friday. Forward Air has a 52-week low of $51.00 and a 52-week high of $72.81. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.80 billion, a PE ratio of 26.15 and a beta of 1.53.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be given a $0.18 dividend. This is an increase from Forward Air’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 21st. Forward Air’s dividend payout ratio (DPR) is presently 30.51%.

About Forward Air

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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