S&P 500   5,069.53
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QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
Critical asset just had biggest fall on record (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
Critical asset just had biggest fall on record (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
S&P 500   5,069.53
DOW   39,069.23
QQQ   436.55
Is CRISPR Therapeutics the NVIDIA of gene editing?
Critical asset just had biggest fall on record (Ad)
3 Chinese stocks poised for rebound
4 stocks benefitting from NVIDIA's explosive growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
These 2 carnivore dining stocks gaining on the Ozempic craze
This healthcare stock making a buzz with 160% growth
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
First it was Tyson stock, now this food company is set to rally
How major US stock indexes fared Monday, 2/26/2024
NASDAQ:FWRD

Forward Air (FWRD) Stock Price, News & Analysis

$39.67
-0.40 (-1.00%)
(As of 02/26/2024 ET)
Today's Range
$39.25
$40.61
50-Day Range
$38.89
$65.78
52-Week Range
$38.57
$121.38
Volume
746,142 shs
Average Volume
714,809 shs
Market Capitalization
$1.02 billion
P/E Ratio
9.70
Dividend Yield
2.42%
Price Target
$85.86

Forward Air MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
116.4% Upside
$85.86 Price Target
Short Interest
Bearish
6.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Forward Air in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.12%
From $4.25 to $4.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.04 out of 5 stars

Transportation Sector

66th out of 113 stocks

Freight Transportation Arrangement Industry

4th out of 6 stocks


FWRD stock logo

About Forward Air Stock (NASDAQ:FWRD)

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 final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also 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.

FWRD Stock Price History

FWRD Stock News Headlines

Forward Air (FWRD) Scheduled to Post Earnings on Wednesday
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Forward Air hosts conference call for investors
Forward Air Stock (NASDAQ:FWRD) Insider Trades
FWRD Mar 2024 30.000 put
FWRD Sep 2024 80.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
FWRD Dec 2024 22.500 put
FWRD Jun 2024 35.000 call
FWRD Dec 2024 35.000 put
Forward Air Corp.
FWRD Mar 2024 95.000 put
FWRD Mar 2024 30.000 call
My Top Stock Pick Right Now Just Went on Sale
FWRD Feb 2024 30.000 call
Forward Air Appoints Michael Hance Interim CEO After Tom Schmitt Departs
Forward Air Announces Leadership Changes
Thomas Schmitt out as CEO at beleaguered Forward Air
See More Headlines
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Company Calendar

Last Earnings
10/31/2023
Ex-Dividend for 12/7 Dividend
11/21/2023
Dividend Payable
12/07/2023
Today
2/26/2024
Next Earnings (Confirmed)
2/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Freight transportation arrangement
Sub-Industry
Air Freight & Logistics
Current Symbol
NASDAQ:FWRD
CUSIP
34985310
Employees
4,427
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$85.86
High Stock Price Target
$130.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+116.4%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$193.19 million
Pretax Margin
8.61%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$9.00 per share
Book Value
$26.60 per share

Miscellaneous

Free Float
25,362,000
Market Cap
$1.02 billion
Optionable
Optionable
Beta
1.06

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FWRD Stock Analysis - Frequently Asked Questions

Should I buy or sell Forward Air stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FWRD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FWRD, but not buy additional shares or sell existing shares.
View FWRD analyst ratings
or view top-rated stocks.

What is Forward Air's stock price target for 2024?

7 Wall Street research analysts have issued 12 month price objectives for Forward Air's shares. Their FWRD share price targets range from $50.00 to $130.00. On average, they anticipate the company's share price to reach $85.86 in the next year. This suggests a possible upside of 116.4% from the stock's current price.
View analysts price targets for FWRD
or view top-rated stocks among Wall Street analysts.

How have FWRD shares performed in 2024?

Forward Air's stock was trading at $62.87 at the beginning of the year. Since then, FWRD shares have decreased by 36.9% and is now trading at $39.67.
View the best growth stocks for 2024 here
.

Are investors shorting Forward Air?

Forward Air saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 1,710,000 shares, an increase of 88.4% from the January 15th total of 907,600 shares. Based on an average daily volume of 487,800 shares, the short-interest ratio is currently 3.5 days. Approximately 6.8% of the shares of the company are sold short.
View Forward Air's Short Interest
.

When is Forward Air's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our FWRD earnings forecast
.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings data on Tuesday, October, 31st. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.10 by $0.11. The transportation company earned $413.45 million during the quarter, compared to analyst estimates of $420.04 million. Forward Air had a trailing twelve-month return on equity of 19.06% and a net margin of 6.30%. The firm's revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter last year, the business earned $1.93 EPS.

How often does Forward Air pay dividends? What is the dividend yield for Forward Air?

Forward Air announced a quarterly dividend on Tuesday, October 24th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.24 per share on Thursday, December 7th. This represents a $0.96 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, November 21st.
Read our dividend analysis for FWRD
.

Is Forward Air a good dividend stock?

Forward Air (NASDAQ:FWRD) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.40%. The dividend payout ratio is 23.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 23.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FWRD.

What is Bruce A. Campbell's approval rating as Forward Air's CEO?

101 employees have rated Forward Air Chief Executive Officer Bruce A. Campbell on Glassdoor.com. Bruce A. Campbell has an approval rating of 54% among the company's employees. This puts Bruce A. Campbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 56.0% of employees surveyed would recommend working at Forward Air to a friend.

What other stocks do shareholders of Forward Air own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Forward Air investors own include Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Albemarle (ALB), Carnival Co. & (CCL), Dominion Energy (D), Eastman Chemical (EMN), International Paper (IP), Phillips 66 (PSX) and Skyworks Solutions (SWKS).

Who are Forward Air's major shareholders?

Forward Air's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.61%), Dimensional Fund Advisors LP (3.13%), Norges Bank (2.68%), Clearbridge Investments LLC (2.63%), Pacer Advisors Inc. (2.51%) and Northern Trust Corp (1.61%). Insiders that own company stock include Chris C Ruble, George M Lynch, George S Mayes Jr, Javier Polit, Kyle R Mitchin, Laurie Anne Tucker, Michael L Hance, Nancee L Ronning, Pharmaceutical Co Ltd Takeda and Thomas Schmitt.
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.
Compare Top Brokerages Here.

Does Forward Air have any subsidiaries?
The following companies are subsidiares of Forward Air: Atlantic Trucking Company, Black Hawk Freight Services, CLP Towne, Central States Logistics, Central States Logistics Inc., Central States Trucking, Central States Trucking Co., Dedicated Transportation Services, Expedited Delivery Services, FACSBI LLC, FAF Inc., FFM LLC, Forward Air Final Mile LLC, Forward Air Inc., Forward Air Logistics Services Inc., Forward Air Royalty LLC, Forward Air Services LLC, Forward Air Solutions Inc., Forward Air Technology and Logistics Services Inc., LTD Air Cargo, Pinch Holdings, Quick Delivery Service, Service Express, Synergy Cargo Logistics Inc., TAF LLC, TQI Holdings Inc., TQI Inc., Total Quality, Towne Air Freight LLC, and Towne Holdings LLC.
Read More
This page (NASDAQ:FWRD) was last updated on 2/27/2024 by MarketBeat.com Staff