Today it was reported that the President – Intermodal Serv. of Forward Air Corp (NASDAQ: FWRD), Matthew Jewell, exercised options to sell 8,080 FWRD shares at $37.14 a share, for a total transaction value of $509K.
Following Matthew Jewell’s last FWRD Sell transaction on May 30, 2018, the stock climbed by 3.0%. In addition to Matthew Jewell, 2 other FWRD executives reported Sell trades in the last month.
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Based on Forward Air Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $330 million and quarterly net profit of $24.09 million. In comparison, last year the company earned revenue of $268 million and had a net profit of $19.39 million. FWRD’s market cap is $1.85B and the company has a P/E ratio of 19.91. Currently, Forward Air Corp has an average volume of 14.45K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $69.00, reflecting a -7.4% downside.
The insider sentiment on Forward Air Corp has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Matthew Jewell’s trades have generated a -7.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
