Forward Air (FWRD) Given Media Impact Score of 0.14

News headlines about Forward Air (NASDAQ:FWRD) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forward Air earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 46.7194772982994 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

How to Become a New Pot Stock Millionaire

FWRD traded down $0.65 during trading on Friday, reaching $53.36. The company had a trading volume of 269,023 shares, compared to its average volume of 242,920. The stock has a market capitalization of $1,582.04, a P/E ratio of 22.79 and a beta of 1.25. Forward Air has a 12-month low of $46.35 and a 12-month high of $64.80. The company has a current ratio of 2.71, a quick ratio of 2.68 and a debt-to-equity ratio of 0.08.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Thursday, March 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $0.60 annualized dividend and a yield of 1.12%. 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 Forward Air 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 transaction, the director now owns 9,940 shares of the company’s stock, valued at approximately $551,371.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was reported by BBNS and is the sole property of of BBNS. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://baseballnewssource.com/2018/04/06/forward-air-fwrd-receiving-somewhat-favorable-media-coverage-study-finds/2036855.html.

Forward Air Company Profile

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)

Receive News & Ratings for Forward Air Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forward Air and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.