S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months

Forward Air (FWRD) Stock Price, News & Analysis

$63.53
-0.21 (-0.33%)
(As of 12/8/2023 08:57 PM ET)
Compare
Today's Range
$63.17
$64.58
50-Day Range
$62.67
$77.28
52-Week Range
$60.09
$121.38
Volume
221,900 shs
Average Volume
331,311 shs
Market Capitalization
$1.63 billion
P/E Ratio
15.53
Dividend Yield
1.51%
Price Target
$94.57

Forward Air MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
48.9% Upside
$94.57 Price Target
Short Interest
Healthy
2.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.06mentions of Forward Air in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.60%
From $4.27 to $4.68 Per Share

Overall MarketRank

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

2.76 out of 5 stars

Transportation Sector

11th out of 103 stocks

Freight Transportation Arrangement Industry

1st out of 5 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’s tonnage inflects further upward in Q4
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Forward Air, Omni pointing fingers over EBITDA forecasts
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Forward Air’s new long-term targets don’t include Omni
Forward’s new long-term targets don’t include Omni
Omni Logistics Responds to Forward Air Counterclaim
Forward Air Is A Buy Despite Its M&A Drama
The Musk Versus Twitter of Trucking Mergers
Forward’s new plan may not include Omni
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
12/10/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/14/2024

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
$94.57
High Stock Price Target
$130.00
Low Stock Price Target
$75.00
Potential Upside/Downside
+48.9%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$193.19 million
Pretax Margin
8.61%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$9.06 per share
Book Value
$26.60 per share

Miscellaneous

Free Float
25,259,000
Market Cap
$1.63 billion
Optionable
Optionable
Beta
1.11

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FWRD Stock Analysis - Frequently Asked Questions

Should I buy or sell Forward Air stock right now?

7 Wall Street equities 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 equities 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 equities research analysts have issued 12-month price targets for Forward Air's shares. Their FWRD share price targets range from $75.00 to $130.00. On average, they anticipate the company's share price to reach $94.57 in the next year. This suggests a possible upside of 48.9% 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 at the beginning of the year. Since then, FWRD stock has decreased by 39.4% and is now trading at $63.53.
View the best growth stocks for 2023 here
.

Are investors shorting Forward Air?

Forward Air saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 530,700 shares, a decrease of 12.6% from the October 31st total of 607,200 shares. Based on an average trading volume of 557,900 shares, the short-interest ratio is currently 1.0 days. Currently, 2.1% of the shares of the stock 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 14th 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by $0.11. The transportation company earned $413.45 million during the quarter, compared to the consensus estimate 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 business's revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter last year, the company earned $1.93 earnings per share.

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

Forward Air declared 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 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date 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 1.50%. The company does not yet have a strong track record of dividend growth. 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 20.51% 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 fourth quarter earnings guidance on Monday, October, 30th. The company provided EPS guidance of $0.98-1.02 for the period, compared to the consensus EPS estimate of $1.12. The company issued revenue guidance of $399.40-447.52 million, compared to the consensus revenue estimate of $429.48 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).

Who are Forward Air's major shareholders?

Forward Air's stock is owned by a number of retail and institutional investors. Top institutional investors include Morgan Stanley (4.72%), Assenagon Asset Management S.A. (2.83%), UBS Group AG (2.66%), Ameriprise Financial Inc. (2.62%), Clearbridge Investments LLC (2.61%) and Northern Trust Corp (1.71%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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.
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This page (NASDAQ:FWRD) was last updated on 12/11/2023 by MarketBeat.com Staff

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