Dahlman Rose Downgrades Forward Air (FWRD) to Hold; Near-Term Cost Headwinds
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Price: $18.11 +1.80%
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Dahlman Rose downgraded Forward Air (NASDAQ: FWRD) from Buy to Hold.
Analyst, Jason H. Seidl, said, "We are downgrading our investment opinion to Hold due to pricing pressures and near-term cost headwinds. Our downgrade follows a solid earnings report that saw Forward Air report 30% earnings growth to $0.35, modestly beating our and the consensus estimate of $0.34. Operating income grew 26% to $16.8 MM, ahead of our and consensus estimates of $16.5 MM and $15.8 MM, respectively. The company also beat on the top line, reporting 14% revenue growth to $137.1 MM, ahead of our and consensus estimates of $132.2 MM and $131.2 MM, respectively."
Lowers FY12 EPS from $1.90 to $1.85 and FY13 from $2.15 to $2.10.
For an analyst ratings summary and ratings history on Forward Air click here. For more ratings news on Forward Air click here.
Shares of Forward Air closed at $35.03 yesterday.
Analyst, Jason H. Seidl, said, "We are downgrading our investment opinion to Hold due to pricing pressures and near-term cost headwinds. Our downgrade follows a solid earnings report that saw Forward Air report 30% earnings growth to $0.35, modestly beating our and the consensus estimate of $0.34. Operating income grew 26% to $16.8 MM, ahead of our and consensus estimates of $16.5 MM and $15.8 MM, respectively. The company also beat on the top line, reporting 14% revenue growth to $137.1 MM, ahead of our and consensus estimates of $132.2 MM and $131.2 MM, respectively."
Lowers FY12 EPS from $1.90 to $1.85 and FY13 from $2.15 to $2.10.
For an analyst ratings summary and ratings history on Forward Air click here. For more ratings news on Forward Air click here.
Shares of Forward Air closed at $35.03 yesterday.
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