The President – Expedited Services of Forward Air Corp is Exercising Options

By Carrie Williams

Yesterday, the President – Expedited Services of Forward Air Corp, Chris Ruble, exercised options of Forward Air Corp for $5,795.

Following Chris Ruble’s last FWRD Sell transaction on May 03, 2017, the stock climbed by 5.6%. In addition to Chris Ruble, 3 other FWRD executives reported Sell trades in the last month.

Based on Forward Air Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $280 million and quarterly net profit of $18.01 million. In comparison, last year the company earned revenue of $250 million and had a net profit of $11.84 million. The company has a one-year high of $59.98 and a one-year low of $45.86. FWRD’s market cap is $1.7B and the company has a P/E ratio of 27.00.

Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $55.33, reflecting a 3.9% upside.

The insider sentiment on Forward Air Corp has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Forward Air Corp. engages in the provision of surface transportation and logistics services to air freight market. It operates through the following segments: Expedited Less-Than-Truckload, Truckload Premium Services, Intermodal, and Pool Distribution.