Forward Air Corporation (NASDAQ:FWRD) announced net income in the second-quarter was $14.2 million or $0.48 a share, evaluated against $12.0 million or $0.40 a share previous year.
Thomson Reuters fifteen analysts survey on average anticipated earnings of $0.46 a share for the three months period. Analysts’ forecasts usually exclude onetime items.
Logistics Company reported that revenue for the three months period moved up 12.2% to $148.33 million from $132.19 million in previous year, while 9 analysts anticipated revenues of $147.22 million.
Analysts currently forecasts earnings of $0.49 a share and $149.42 million of revenue of for the Q3.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. C.H. Robinson Worldwide, Inc (NASDAQ:CHRW) fell -1.90% to settle at $78.45, United Parcel Service, Inc (NYSE:UPS) moved down -4.32% to end at $56.96 while FedEx Corporation (NYSE:FDX) plunged -2.92% to finish on Friday at $90.08.
Forward Air Corporation (NASDAQ:FWRD) last session volume of 161,476 shares was surprisingly higher than its average volume of 92,443 shares. The stock after opening at $31.88 hit high price of $34.69 and then closed at $33.89 by scoring +6.11%.
The liquidity measure in recent quarter results of the company was recorded 4.99 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $68.83 million and a book value per share as $11.03 in the most recent quarter.
The stock price volatility was 3.77% for a week and 3.05% for a month as well as price volatility’s Average True Range for 14 days was 1.06 and its beta remained 1.08.
FWRD generated revenue of 569.42 million in the following twelve months and earned $51.80 million. The Company showed a positive 9.10% in the net profit margin and as well as in its operating margin which remained 14.72%. Company’s annual sales growth for the past five year was 8.74%.
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