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The price of Forward Air Corp (NASDAQ: FWRD) closed at $33.46 in the last session, down -1.99% from day before closing price of $34.14. In other words, the price has decreased by -$1.99 from its previous closing price. On the day, 0.5 million shares were traded. FWRD stock price reached its highest trading level at $34.71 during the session, while it also had its lowest trading level at $33.135.
Ratios:
We take a closer look at FWRD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 9.24 whereas as Long-Term Debt/Eq ratio is at 8.77.
Jefferies Upgraded its Hold to Buy on August 29, 2023, whereas the target price for the stock was revised from $110 to $85.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FWRD now has a Market Capitalization of 968814208 and an Enterprise Value of 3030821632. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 4.25. Its current Enterprise Value per Revenue stands at 1.39 whereas that against EBITDA is 13.68.
Stock Price History:
The Beta on a monthly basis for FWRD is 1.04, which has changed by -0.26659507 over the last 52 weeks, in comparison to a change of 0.24440956 over the same period for the S&P500. Over the past 52 weeks, FWRD has reached a high of $54.00, while it has fallen to a 52-week low of $11.21. The 50-Day Moving Average of the stock is -0.03%, while the 200-Day Moving Average is calculated to be 17.88%.
Shares Statistics:
According to the various share statistics, FWRD traded on average about 577.91K shares per day over the past 3-months and 383190 shares per day over the past 10 days. A total of 28.69M shares are outstanding, with a floating share count of 20.12M. Insiders hold about 30.50% of the company’s shares, while institutions hold 94.82% stake in the company. Shares short for FWRD as of 1735603200 were 3720694 with a Short Ratio of 6.44, compared to 1732838400 on 4226348. Therefore, it implies a Short% of Shares Outstanding of 3720694 and a Short% of Float of 15.67.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.007029877The stock’s 5-year Average Dividend Yield is 1.26. The current Payout Ratio is 220.89% for FWRD, which recently paid a dividend on 2023-11-21 with an ex-dividend date of 1700524800. Stock splits for the company last occurred on 2005-04-04 when the company split stock in a 3:2 ratio.
Earnings Estimates
The dynamic stock of Forward Air Corp (FWRD) is currently attracting attention from 4.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.03 and low estimates of -$0.26.
Analysts are recommending an EPS of between -$0.71 and -$3.89 for the fiscal current year, implying an average EPS of -$1.77. EPS for the following year is $0.15, with 4.0 analysts recommending between $0.33 and -$0.11.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $667.4M. It ranges from a high estimate of $671.4M to a low estimate of $665.4M. As of the current estimate, Forward Air Corp’s year-ago sales were $338.43MFor the next quarter, 4 analysts are estimating revenue of $651.33M. There is a high estimate of $679M for the next quarter, whereas the lowest estimate is $636.6M.
A total of 5 analysts have provided revenue estimates for FWRD’s current fiscal year. The highest revenue estimate was $2.51B, while the lowest revenue estimate was $2.51B, resulting in an average revenue estimate of $2.51B. In the same quarter a year ago, actual revenue was $1.37BBased on 5 analysts’ estimates, the company’s revenue will be $2.75B in the next fiscal year. The high estimate is $2.85B and the low estimate is $2.69B.
