Forward Air (FWRD) Receives Media Impact Rating of 0.09
Media coverage about Forward Air (NASDAQ:FWRD) has trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Forward Air earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 44.7694953809411 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Insider Selling: Forward Air Corporation (FWRD) Chairman Sells 28,744 Shares of Stock (americanbankingnews.com)
- Forward Air Corp. breached its 50 day moving average in a Bullish Manner : FWRD-US : December 1, 2017 (finance.yahoo.com)
- Insider Selling: Forward Air Corporation (FWRD) CEO Sells 500 Shares of Stock (americanbankingnews.com)
- Insider Selling: Forward Air Corporation (FWRD) Chairman Sells 5,264 Shares of Stock (americanbankingnews.com)
- Forward Air Corporation (FWRD) Expected to Post Quarterly Sales of $300.18 Million (americanbankingnews.com)
A number of research firms recently issued reports on FWRD. Cowen reaffirmed a “market perform” rating and issued a $54.00 target price (up previously from $51.00) on shares of Forward Air in a research report on Monday, October 30th. Zacks Investment Research downgraded Forward Air from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Stifel Nicolaus lifted their target price on Forward Air from $47.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $60.00 target price on shares of Forward Air in a research report on Friday, October 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Forward Air in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Forward Air presently has an average rating of “Hold” and a consensus price target of $55.33.
Shares of Forward Air (NASDAQ FWRD) opened at $56.92 on Friday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1,694.04, a PE ratio of 24.85 and a beta of 1.18. Forward Air has a 12-month low of $43.88 and a 12-month high of $59.97.
Forward Air (NASDAQ:FWRD) last released its earnings results on Wednesday, October 25th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $280.20 million for the quarter, compared to the consensus estimate of $278.75 million. Forward Air had a return on equity of 13.76% and a net margin of 6.10%. Forward Air’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. research analysts expect that Forward Air will post 2.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, November 21st. Forward Air’s dividend payout ratio (DPR) is presently 28.17%.
In other Forward Air news, insider Michael P. Mclean sold 4,984 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $54.82, for a total transaction of $273,222.88. Following the transaction, the insider now owns 13,401 shares of the company’s stock, valued at $734,642.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director George M. Lynch sold 1,640 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $57.00, for a total value of $93,480.00. Following the transaction, the director now directly owns 12,383 shares in the company, valued at approximately $705,831. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,413 shares of company stock worth $4,188,859. Company insiders own 2.40% of the company’s stock.
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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.
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