Revenue Update on Forward Air Corporation(NASDAQ:FWRD)

Forward Air Corporation(NASDAQ:FWRD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $238.64M. Analysts estimated a revenue of $247.86M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.58.

In a different note, On Jul 12, 2016, BB&T Capital said it Downgrades its rating on Forward Air Corporation. The shares have been rated ‘Hold’ by the firm. On May 24, 2016, RBC Capital said it Upgrades its rating on Forward Air Corporation. The shares have been rated ‘Outperform’ by the firm.

Forward Air Corporation (FWRD) made into the market gainers list on Wednesdays trading session with the shares advancing 0.49% or 0.22 points. Due to strong positive momentum, the stock ended at $44.77, which is also near the day’s high of $45.04. The stock began the session at $44.82 and the volume stood at 2,10,620 shares. The 52-week high of the shares is $52.365 and the 52 week low is $36. The company has a current market capitalization of $1,363 M and it has 3,04,48,892 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, George M Lynch (director) sold 2,739 shares at $45.00 per share price.Also, On Nov 20, 2015, Michael P Mclean (VP & CAO) sold 9,000 shares at $48.00 per share price.On Nov 9, 2015, Bruce A Campbell (Chairman, President & CEO) sold 91,256 shares at $46.01 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Forward Air Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Forward Air Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.