Analyst Expects Forward Air Corp. (NASDAQ: FWRD) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, FWRD falls under the Industrials sector while operating within the Integrated Freight & Logistics industry segment. The current market capitalization of Forward Air Corp. is $615.84M. A total of 0.88 million shares were traded on the day, compared to an average of 980.58K shares.

In the most recent transaction, RUBLE CHRIS C bought 1,433 shares of FWRD for 69.77 per share on Aug 25 ’23. After the transaction, the Chief Operating Officer now owns 28,276 company shares. In a previous transaction on Aug 25 ’23, MITCHIN KYLE R bought 1,093 shares at 68.63 per share. FWRD shares that Chief People Officer owns now total 18,896.

Among the insiders who bought shares, Ronning Nancee L acquired of 315 shares on Aug 22 ’23 at a per-share price of $64.65. This resulted in the Chief Commercial Officer holding 3,045 shares of FWRD after the transaction. In another insider transaction, Campbell C Robert bought 5,000 shares at $64.33 per share on Aug 18 ’23. Company shares held by the Director now total 28,994.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Forward Air Corp. pays an annual dividend of $0.72, resulting in a dividend yield of 3.00%, and it has a price to earnings (P/E) ratio of 62.37. FWRD’s most recent ex-dividend date was 11/21/2023 when it declared a $0.24 quarterly dividend that was paid in cash on 12/7/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/16/2023. The FWRD stock dividend was $0.24 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, FWRD has a high of $121.38 and a low of $22.08.

As of this writing, FWRD has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 6.0 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.32. The company reported an EPS of $1.37 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. FWRD’s latest balance sheet shows that the firm has $37.32M in Cash & Short Term Investments as of fiscal 2021. There were $320.07M in debt and $164.69M in liabilities at the time. Its Book Value Per Share was $29.77, while its Total Shareholder’s Equity was $593.65M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FWRD is Buy with a score of 3.29.

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