Forward Air (FWRD) Scheduled to Post Earnings on Tuesday

Forward Air (NASDAQ:FWRDGet Free Report) will post its quarterly earnings results on Tuesday, February 6th.

Forward Air Price Performance

Shares of NASDAQ:FWRD opened at $43.69 on Monday. The company’s fifty day moving average price is $59.10 and its 200-day moving average price is $70.67. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.68 and a beta of 1.06. Forward Air has a one year low of $42.04 and a one year high of $121.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.25 and a quick ratio of 1.25.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FWRD. Stifel Nicolaus reduced their target price on shares of Forward Air from $80.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Wolfe Research lowered shares of Forward Air from a “peer perform” rating to an “underperform” rating and set a $50.00 target price on the stock. in a report on Wednesday, January 10th. Finally, Susquehanna reduced their target price on shares of Forward Air from $84.00 to $75.00 and set a “positive” rating on the stock in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.86.

View Our Latest Analysis on Forward Air

Institutional Investors Weigh In On Forward Air

Large investors have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC bought a new stake in Forward Air in the 4th quarter worth $246,000. Guggenheim Capital LLC grew its holdings in Forward Air by 14.8% in the 1st quarter. Guggenheim Capital LLC now owns 2,267 shares of the transportation company’s stock worth $244,000 after acquiring an additional 293 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Forward Air during the 2nd quarter valued at about $232,000. Stephens Inc. AR bought a new stake in shares of Forward Air during the 1st quarter valued at about $222,000. Finally, Glenmede Trust Co. NA bought a new stake in shares of Forward Air during the 3rd quarter valued at about $218,000. Institutional investors own 97.03% of the company’s stock.

Forward Air Company Profile

(Get Free Report)

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 final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.

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Earnings History for Forward Air (NASDAQ:FWRD)

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