Forward Air (NASDAQ:FWRD) Given Coverage Optimism Score of 0.13

Media coverage about Forward Air (NASDAQ:FWRD) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forward Air earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 47.1640555826184 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

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Several research analysts have issued reports on FWRD shares. Zacks Investment Research downgraded Forward Air from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. BidaskClub cut shares of Forward Air from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Robert W. Baird upgraded shares of Forward Air from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 18th. Finally, Stephens set a $74.00 target price on shares of Forward Air and gave the company a “buy” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $61.40.

Shares of FWRD traded up $0.85 during trading hours on Friday, reaching $52.86. The stock had a trading volume of 253,261 shares, compared to its average volume of 209,496. The company has a quick ratio of 2.68, a current ratio of 2.71 and a debt-to-equity ratio of 0.08. Forward Air has a 52 week low of $46.35 and a 52 week high of $64.80. The stock has a market cap of $1,563.86, a P/E ratio of 22.40 and a beta of 1.24.

Forward Air (NASDAQ:FWRD) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $306.10 million during the quarter, compared to analysts’ expectations of $301.47 million. Forward Air had a net margin of 7.93% and a return on equity of 13.91%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. equities research analysts expect that Forward Air will post 2.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Thursday, March 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, March 7th. Forward Air’s dividend payout ratio (DPR) is presently 25.42%.

In other Forward Air news, Director George M. Lynch sold 2,443 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $55.47, for a total transaction of $135,513.21. Following the completion of the transaction, the director now owns 9,940 shares in the company, valued at approximately $551,371.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

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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 State and Canada. The company operates through four segments: Expedited Less-than-truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool).

Insider Buying and Selling by Quarter for Forward Air (NASDAQ:FWRD)

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