Forward Air (FWRD) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FWRD shares.
View FWRD analyst ratings or view top-rated stocks.

5 equities research analysts have issued 1 year target prices for Forward Air's stock. Their FWRD share price forecasts range from $110.00 to $125.00. On average, they predict the company's stock price to reach $118.20 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
View analysts price targets for FWRD or view top-rated stocks among Wall Street analysts.

Forward Air's stock was trading at $104.89 on January 1st, 2023. Since then, FWRD shares have decreased by 3.2% and is now trading at $101.54.
View the best growth stocks for 2023 here.

Forward Air saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 522,300 shares, a decline of 10.1% from the April 30th total of 581,000 shares. Based on an average daily volume of 158,500 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.0% of the shares of the stock are sold short.
View Forward Air's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our FWRD earnings forecast.

Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings results on Monday, May, 1st. The transportation company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The transportation company earned $427.07 million during the quarter, compared to analysts' expectations of $460.54 million. Forward Air had a trailing twelve-month return on equity of 27.50% and a net margin of 9.66%. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share.

Forward Air declared a quarterly dividend on Friday, April 28th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.24 per share on Tuesday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 24th.
Read our dividend analysis for FWRD.

ETFs with the largest weight of Forward Air (NASDAQ:FWRD) stock in their portfolio include SPDR S&P Transportation ETF (XTN), Invesco S&P SmallCap Industrials ETF (PSCI), Opus Small Cap Value Plus ETF (OSCV), Invesco S&P SmallCap Quality ETF (XSHQ), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), ProShares Supply Chain Logistics ETF (SUPL) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

Forward Air (NASDAQ:FWRD) pays an annual dividend of $0.96 per share and currently has a dividend yield of 0.95%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 14.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FWRD.

Forward Air issued an update on its second quarter 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.28-$1.32 for the period, compared to the consensus EPS estimate of $1.67. The company issued revenue guidance of $427.63 million-$479.15 million, compared to the consensus revenue estimate of $483.46 million.

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.

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).

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

Forward Air's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.58%), Neuberger Berman Group LLC (5.82%), ArrowMark Colorado Holdings LLC (4.71%), Silvercrest Asset Management Group LLC (4.49%), Thrivent Financial for Lutherans (4.40%) and Clearbridge Investments LLC (3.78%). 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, Matthew J Jewell, Michael Joseph Morris, Michael L Hance and Pharmaceutical Co Ltd Takeda.
View institutional ownership trends.

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.
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One share of FWRD stock can currently be purchased for approximately $101.54.

Forward Air (NASDAQ:FWRD) has a market capitalization of $2.64 billion and generates $1.97 billion in revenue each year. The transportation company earns $193.19 million in net income (profit) each year or $6.94 on an earnings per share basis.

The company employs 4,427 workers across the globe.

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.