Forward Air (FWRD) Expected to Announce Quarterly Earnings on Wednesday

Forward Air (NASDAQ:FWRD - Get Free Report) is expected to release its Q1 2025 earnings data before the market opens on Wednesday, May 14th. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $618.00 million for the quarter.

Forward Air Stock Performance

NASDAQ:FWRD traded up $2.61 on Monday, hitting $18.93. The company's stock had a trading volume of 492,609 shares, compared to its average volume of 862,538. Forward Air has a one year low of $9.79 and a one year high of $40.92. The firm has a market capitalization of $575.49 million, a P/E ratio of -0.79 and a beta of 1.24. The stock has a fifty day moving average of $17.10 and a two-hundred day moving average of $27.21. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 5.07.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FWRD shares. Robert W. Baird cut their price target on Forward Air from $32.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Susquehanna cut their target price on shares of Forward Air from $35.00 to $32.00 and set a "positive" rating for the company in a research note on Monday, March 31st. Finally, Stifel Nicolaus reduced their target price on shares of Forward Air from $29.00 to $22.00 and set a "hold" rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $32.25.

Forward Air Company Profile

Forward 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.