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Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
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Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
Analysts Went All In On These Computer Stocks, Save Your Spot
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Pentagon Consultant—Here's how Biden Wins Landslide Re-election (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
66,000% upside on tiny biotech? (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
Analysts Went All In On These Computer Stocks, Save Your Spot
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Pentagon Consultant—Here's how Biden Wins Landslide Re-election (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
66,000% upside on tiny biotech? (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
Analysts Went All In On These Computer Stocks, Save Your Spot
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Pentagon Consultant—Here's how Biden Wins Landslide Re-election (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
66,000% upside on tiny biotech? (Ad)
Is New IPO Instacart Already Hitting Speed Bumps?
Prospect Capital Corporation: A Gold Nugget or Value Trap?
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
Analysts Went All In On These Computer Stocks, Save Your Spot
NASDAQ:FWRD

Forward Air (FWRD) Stock Forecast, Price & News

$65.70
-1.06 (-1.59%)
(As of 09/22/2023 ET)
Compare
Today's Range
$65.47
$67.84
50-Day Range
$62.80
$120.00
52-Week Range
$60.09
$121.38
Volume
356,795 shs
Average Volume
649,492 shs
Market Capitalization
$1.69 billion
P/E Ratio
11.61
Dividend Yield
1.46%
Price Target
$104.14

Forward Air MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
58.5% Upside
$104.14 Price Target
Short Interest
Healthy
2.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.00mentions of Forward Air in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$1.47 M Bought Last Quarter
Proj. Earnings Growth
20.93%
From $4.54 to $5.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.39 out of 5 stars

Transportation Sector

4th out of 110 stocks

Freight Transportation Arrangement Industry

1st out of 6 stocks


FWRD stock logo

About Forward Air (NASDAQ:FWRD) Stock

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 Price History

FWRD Stock News Headlines

Forward Air Raises $925M Through Debt Offering
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Forward Air (NASDAQ:FWRD) Sees Unusually-High Trading Volume
Short Interest in Forward Air Co. (NASDAQ:FWRD) Grows By 187.7%
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Executives Bought Shares at Forward Air and Fox
How a Trucking Company Ran Over Its Own Stock
Jefferies Upgrades Forward Air (FWRD)
Forward Air’s latest deal spooks customers, investors
Thomas Schmitt Bought 28% More Shares In Forward Air
Why Forward Air Stock Was Stuck in Reverse This Week
Baird Downgrades Forward Air (FWRD)
See More Headlines
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FWRD Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/7 Dividend
8/16/2023
Dividend Payable
9/07/2023
Today
9/23/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

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 Forecast
$104.14
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+58.5%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$193.19 million
Pretax Margin
11.30%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$8.94 per share
Book Value
$26.60 per share

Miscellaneous

Free Float
25,259,000
Market Cap
$1.69 billion
Optionable
Optionable
Beta
1.20

Social Links

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Key Executives

  • Mr. Thomas Schmitt (Age 58)
    Pres, CEO & Exec. Chairman
    Comp: $3.18M
  • Ms. Rebecca J. Garbrick (Age 47)
    CFO & Treasurer
    Comp: $1.14M
  • Mr. Chris C. Ruble (Age 60)
    Chief Operating Officer
    Comp: $1.74M
  • Mr. Michael L. HanceMr. Michael L. Hance (Age 51)
    Chief Legal Officer & Sec.
    Comp: $1.3M
  • Mr. Kyle R. MitchinMr. Kyle R. Mitchin (Age 43)
    Chief People Officer
    Comp: $926.9k
  • Mr. Joseph Michael Tomasello (Age 46)
    Chief Information Officer
  • Ms. Nancee Ronning (Age 62)
    Chief Commercial Officer













FWRD Stock - 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 year. There are currently 4 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 forecast for 2023?

7 analysts have issued 12-month target prices for Forward Air's shares. Their FWRD share price forecasts range from $80.00 to $130.00. On average, they expect the company's stock price to reach $104.14 in the next year. This suggests a possible upside of 58.5% 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 2023?

Forward Air's stock was trading at $104.89 on January 1st, 2023. Since then, FWRD stock has decreased by 37.4% and is now trading at $65.70.
View the best growth stocks for 2023 here
.

Are investors shorting Forward Air?

Forward Air saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 666,300 shares, an increase of 187.7% from the August 15th total of 231,600 shares. Based on an average daily volume of 455,400 shares, the short-interest ratio is currently 1.5 days. Approximately 2.6% 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, October 25th 2023.
View our FWRD earnings forecast
.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) announced its quarterly earnings data on Thursday, August, 3rd. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by $0.37. The transportation company earned $402.18 million during the quarter, compared to analyst estimates of $444.15 million. Forward Air had a trailing twelve-month return on equity of 22.82% and a net margin of 8.32%. Forward Air's revenue was down 21.9% compared to the same quarter last year. During the same period last year, the company posted $2.04 earnings per share.

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

Forward Air announced a quarterly dividend on Tuesday, July 25th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.24 per share on Thursday, September 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, August 16th.
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 1.44%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 17.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FWRD.

What guidance has Forward Air issued on next quarter's earnings?

Forward Air issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $1.12-$1.16 for the period, compared to the consensus earnings per share estimate of $1.43. The company issued revenue guidance of $402.92 million-$453.92 million, compared to the consensus revenue estimate of $461.88 million.

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).

What is Forward Air's stock symbol?

Forward Air trades on the NASDAQ under the ticker symbol "FWRD."

Who are Forward Air's major shareholders?

Forward Air's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.59%), Thrivent Financial for Lutherans (6.15%), Silvercrest Asset Management Group LLC (4.65%), Clearbridge Investments LLC (3.85%), State Street Corp (3.79%) and ArrowMark Colorado Holdings LLC (3.74%). Insiders that own company stock include C Robert Campbell, Chris C Ruble, George M Lynch, George S Mayes Jr, Javier Polit, Kyle R Mitchin, Laurie Anne Tucker, Michael Joseph Morris, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Forward Air's stock price today?

One share of FWRD stock can currently be purchased for approximately $65.70.

How much money does Forward Air make?

Forward Air (NASDAQ:FWRD) has a market capitalization of $1.69 billion and generates $1.97 billion in revenue each year. The transportation company earns $193.19 million in net income (profit) each year or $5.66 on an earnings per share basis.

How many employees does Forward Air have?

The company employs 4,427 workers across the globe.

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
How can I contact Forward Air?

Forward Air's mailing address is 1915 SNAPPS FERRY ROAD BUILDING N, GREENEVILLE TN, 37744. The official website for the company is www.forwardair.com. The transportation company can be reached via phone at (423) 636-7000, via email at investorrelations@forwardair.com, or via fax at 423-783-9019.

This page (NASDAQ:FWRD) was last updated on 9/23/2023 by MarketBeat.com Staff

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