Forward Air (NASDAQ:FWRD – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Forward Air (NASDAQ:FWRD – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.16). The firm had revenue of $338.43 million for the quarter, compared to analysts’ expectations of $406.96 million. Forward Air had a return on equity of 15.30% and a net margin of 10.58%. The business’s revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.65 EPS. On average, analysts expect Forward Air to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Forward Air Stock Performance
Shares of FWRD stock opened at $21.78 on Monday. The stock’s 50-day moving average is $28.03 and its two-hundred day moving average is $47.88. The firm has a market cap of $574.34 million, a price-to-earnings ratio of 3.39 and a beta of 1.06. Forward Air has a 1 year low of $20.95 and a 1 year high of $121.38. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.46 and a current ratio of 1.46.
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About Forward Air
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.
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