Positive News SentimentPositive NewsNASDAQ:FWRD Forward Air (FWRD) Stock Price, News & Analysis $17.05 +0.49 (+2.96%) Closing price 05/29/2025 04:00 PM EasternExtended Trading$17.06 +0.01 (+0.06%) As of 05/29/2025 06:51 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock About Forward Air Stock (NASDAQ:FWRD) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Forward Air alerts:Sign Up Key Stats Today's Range$16.40▼$17.1750-Day Range$10.50▼$20.9152-Week Range$9.79▼$40.92Volume323,504 shsAverage Volume795,516 shsMarket Capitalization$518.71 millionP/E RatioN/ADividend YieldN/APrice Target$32.25Consensus RatingHold Company OverviewForward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.Read More… Forward Air Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks61st Percentile Overall ScoreFWRD MarketRank™: Forward Air scored higher than 61% of companies evaluated by MarketBeat, and ranked 76th out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.2 / 5Analyst RatingHold Consensus RatingForward Air has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageForward Air has only been the subject of 2 research reports in the past 90 days.Read more about Forward Air's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Forward Air are expected to grow in the coming year, from ($0.72) to $1.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Forward Air is -0.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Forward Air is -0.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioForward Air has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Forward Air's valuation and earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted18.79% of the float of Forward Air has been sold short.Short Interest Ratio / Days to CoverForward Air has a short interest ratio ("days to cover") of 4.7.Change versus previous monthShort interest in Forward Air has recently decreased by 6.48%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthWeak Dividend YieldForward Air does not currently pay a dividend.Dividend GrowthForward Air does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Forward Air will have a dividend payout ratio of 92.31% in the coming year. This indicates that Forward Air may not be able to sustain their current dividend.Read more about Forward Air's dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted18.79% of the float of Forward Air has been sold short.Short Interest Ratio / Days to CoverForward Air has a short interest ratio ("days to cover") of 4.7.Change versus previous monthShort interest in Forward Air has recently decreased by 6.48%, indicating that investor sentiment is improving significantly. News and Social Media3.1 / 5News Sentiment1.64 News SentimentForward Air has a news sentiment score of 1.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.92 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Forward Air this week, compared to 5 articles on an average week.MarketBeat FollowsOnly 1 people have added Forward Air to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Forward Air insiders have not sold or bought any company stock.Percentage Held by Insiders17.20% of the stock of Forward Air is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions97.03% of the stock of Forward Air is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Forward Air's insider trading history. Receive FWRD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Forward Air and its competitors with MarketBeat's FREE daily newsletter. Email Address FWRD Stock News HeadlinesActivist investor pushes Forward Air to execute ‘value-maximizing sale’May 21, 2025 | finance.yahoo.comAncora Releases Presentation Illustrating Why Shareholders Should Vote AGAINST Three Unfit Legacy Directors at 2025 Annual MeetingMay 20, 2025 | businesswire.comA grave, grave error.I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again. May 30, 2025 | Porter & Company (Ad)Irenic Expresses Governance Concerns Pertaining to Forward Air Corporation | FWRD Stock NewsMay 14, 2025 | gurufocus.comIrenic to vote against Forward Air legacy directorsMay 14, 2025 | investing.comIrenic Expresses Governance Concerns Pertaining to Forward Air CorporationMay 14, 2025 | businesswire.comCautious Outlook on Forward Air Amid Integration and Profitability Challenges Justifies Hold RatingMay 12, 2025 | tipranks.comFORWARD AIR Earnings Results: $FWRD Reports Quarterly EarningsMay 9, 2025 | nasdaq.comSee More Headlines FWRD Stock Analysis - Frequently Asked Questions How have FWRD shares performed this year? Forward Air's stock was trading at $32.25 at the beginning of 2025. Since then, FWRD shares have decreased by 47.1% and is now trading at $17.05. View the best growth stocks for 2025 here. How were Forward Air's earnings last quarter? Forward Air Co. (NASDAQ:FWRD) posted its quarterly earnings data on Wednesday, August, 7th. The transportation company reported ($23.29) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by $23.11. Forward Air's quarterly revenue was up 92.9% compared to the same quarter last year. Read the conference call transcript. Does Forward Air have any subsidiaries? The following companies are subsidiaries of Forward Air: Atlantic Trucking Company, CLP Towne, Central States Logistics, Central States Trucking, Total Quality, Service Express, Pinch Holdings, and more. Who are Forward Air's major shareholders? Forward Air's top institutional shareholders include Littlejohn & Co. LLC (9.26%), Vanguard Group Inc. (6.74%), Ancora Advisors LLC (4.04%) and Private Management Group Inc. (3.17%). Insiders that own company stock include Thomas Schmitt, Michael L Hance, Chris C Ruble, Kyle R Mitchin, Laurie Anne Tucker and Nancee L Ronning. View institutional ownership trends. How do I buy shares of Forward Air? Shares of FWRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Forward Air own? Based on aggregate information from My MarketBeat watchlists, some other companies that Forward Air investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Netflix (NFLX) and Adobe (ADBE). Company Calendar Last Earnings8/07/2024Today5/29/2025Next Earnings (Estimated)8/06/2025Fiscal Year End12/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorTransportation Industry Freight transportation arrangement Sub-IndustryAir Freight & Logistics Current SymbolNASDAQ:FWRD CIK912728 Webwww.forwardair.com Phone(423) 636-7000Fax423-783-9019Employees4,040Year Founded1993Price Target and Rating Average Stock Price Target$32.25 High Stock Price Target$47.00 Low Stock Price Target$22.00 Potential Upside/Downside+89.2%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($29.05) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$167.35 million Net Margins-31.14% Pretax Margin-59.75% Return on Equity-98.80% Return on Assets-21.16% Debt Debt-to-Equity Ratio5.07 Current Ratio1.21 Quick Ratio1.21 Sales & Book Value Annual Sales$2.55 billion Price / Sales0.20 Cash Flow$3.49 per share Price / Cash Flow4.88 Book Value$29.74 per share Price / Book0.57Miscellaneous Outstanding Shares30,423,000Free Float27,593,000Market Cap$518.47 million OptionableOptionable Beta1.24 Social Links Free Today: Your Guide to Smarter Options TradesLearn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.Get This Free Report This page (NASDAQ:FWRD) was last updated on 5/30/2025 by MarketBeat.com Staff From Our PartnersGet Your Bank Account “Fed Invasion” Ready with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank ac...Weiss Ratings | SponsoredElon Musk’s Frightening Warning Forces Trump’s HandElon Musk has avoided two major financial crises before. He pulled Tesla and SpaceX back from the brink of col...American Hartford Gold | SponsoredBuffett’s $325 Billion Cash Problem — Solved by Gold?A bombshell announcement is just weeks away — and it could send shockwaves through the gold market. 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