Forward Air (FWRD) Expected to Announce Quarterly Earnings on Wednesday

Forward Air (NASDAQ:FWRD) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Forward Air to post earnings of ($0.12) per share and revenue of $667.40 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Forward Air Stock Down 7.8 %

Forward Air stock opened at $27.98 on Monday. The stock has a market capitalization of $809.88 million, a PE ratio of -1.17 and a beta of 1.03. Forward Air has a twelve month low of $11.21 and a twelve month high of $40.92. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 5.07. The company has a 50 day moving average of $31.92 and a 200-day moving average of $33.50.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Forward Air in a report on Tuesday, January 7th. Stifel Nicolaus increased their target price on shares of Forward Air from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Forward Air to a “sell” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Forward Air has a consensus rating of “Hold” and a consensus price target of $35.67.

Forward Air Company Profile

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.