GREENEVILLE, Tenn., June 22, 2019 – Shares of Forward Air Corporation (NASDAQ: FWRD) declined -1.97% to $57.81. The stock grabbed the investor’s attention and traded 193.121K shares as compared to its average daily volume of 164.98K shares. The stock’s institutional ownership stands at 98.20%.
Forward Air Corp. (FWRD) recently reported first-quarter earnings of $18.40M.
Revenue for the quarter ended March 31, 2019 increased 6.2% to $321.50M from $302.60M for the same quarter in 2018. Income from operations was $24.70M contrast to $24.20M in the prior year quarter. Net income during the quarter was $18.40M contrast to $17.70M in the same quarter of 2018. Net income per diluted share for the first quarter of 2019 was $0.64 contrast to $0.60 in the prior year quarter.
For the three months ended March 31, 2019, the Company generated $41.50M of cash flow from operations contrast to $40.80M for the same period in 2018.
Earnings before interest, taxes, depreciation and amortization (“EBITDA”) were $35.60M in the first quarter of 2019 contrast to $34.90M in the same period of 2018. Free cash flow was $37.80M in the first quarter of 2019 contrast to $35.20M in the prior year quarter.
FWRD has a market value of $1.67B while its EPS was booked as $3.17 in the last 12 months. The stock has 28.86M shares outstanding. In the profitability analysis, the company has gross profit margin of 46.40% while net profit margin was 6.90%. Beta value of the company was 1.58; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.70.