Forward Air Corporation (FWRD) Releases Earnings Results, Reports EPS of $0.43 EPS

Forward Air Corporation (FWRD) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.43 EPS for the quarter. Analysts had a consensus estimate of $0.43. The company posted revenue of $229.50 million in the period, compared to analysts expectations of $228.71 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Forward Air Corporation. Shares were Reiterated by Cowen on Feb 11, 2016 to “Market Perform” and Lowered the Price Target to $ 42 from a previous price target of $47 .Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 43 from a previous price target of $45 .

Forward Air Corporation opened for trading at $45.18 and hit $46.57 on the upside on Monday, eventually ending the session at $46.5, with a gain of 1.86% or 0.85 points. The heightened volatility saw the trading volume jump to 1,14,653 shares. Company has a market cap of $1,420 M.

In a different news, on Nov 20, 2015, Michael P Mclean (VP & CAO) sold 9,000 shares at $48.00 per share price. According to the SEC, on Nov 9, 2015, Bruce A Campbell (Chairman, President & CEO) sold 91,256 shares at $46.01 per share price. On Jun 16, 2015, Michael L Hance (Senior VP, CLO and Secretary) sold 9,000 shares at $54.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Forward Air Corporation is a provider of time-definite surface transportation and related logistics services to the North American air freight and expedited LTL market. The Company operates in three segments: Forward Air (Forward Air) Forward Air Solutions (FASI) and Total Quality (TQI). It also offers its customers an array of logistics and other services including expedited full truckload (TLX); dedicated fleets; warehousing; customs brokerage; and shipment consolidation deconsolidation and handling. It has a network of freight terminals located on or near airports in 87 the United States and Canadian cities including its central sorting facility in Columbus Ohio and 11 regional sort centers. Its customers include wholesale transportation community freight forwarders customs brokers and airlines. Its brands include Forward Air Inc. Roadfeeder Network Forward Air Forward Air Solutions Forward Air TLXSM Forward Air Complete PROUD and Total Quality Inc.

Forward Air Corporation

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