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Forward Air (FWRD) Stock Price, News & Analysis

Forward Air logo
$16.06 +0.08 (+0.53%)
As of 10:48 AM Eastern
This is a fair market value price provided by Massive. Learn more.

About Forward Air Stock (NASDAQ:FWRD)

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Key Stats

Today's Range
$16.02
$16.54
50-Day Range
$12.18
$20.20
52-Week Range
$7.86
$31.30
Volume
83,636 shs
Average Volume
918,149 shs
Market Capitalization
$507.94 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$28.00
Consensus Rating
Moderate Buy

Company Overview

Forward Air Corporation is a leading North American provider of expedited ground transportation and related logistics services, specializing in time-sensitive shipments. The company offers a comprehensive suite of solutions including less-than-truckload (LTL) expedited freight, consolidation and distribution services, container drayage, and final-mile delivery. By integrating transportation management with warehousing, inventory control, and technology-driven tracking, Forward Air supports customers across a variety of industries such as manufacturing, retail, automotive and chemicals.

Founded in 1981 and headquartered in Greeneville, Tennessee, Forward Air has developed a broad network of service centers, terminals and rail ramps throughout the United States, Canada and Puerto Rico. The company’s infrastructure is designed to facilitate efficient cross-border movement and expedited regional distribution, leveraging both company-owned assets and strategic partnerships with rail and trucking carriers. Forward Air’s technology platform provides real-time visibility into shipment status, enabling customers to monitor key performance indicators and maintain control over their supply chains.

Under the leadership of President and Chief Executive Officer Thomas C. Schmitt, Forward Air emphasizes operational excellence, safety and regulatory compliance. The company’s management team combines industry expertise with a focus on continuous improvement, deploying data analytics and process optimization initiatives to enhance service reliability while managing costs. Forward Air’s commitment to customer service and its ability to adapt logistics solutions to evolving market demands have supported the company’s sustained growth since its inception.

AI Generated. May Contain Errors.

Forward Air Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
76th Percentile Overall Score

FWRD MarketRank™: 

Forward Air scored higher than 76% of companies evaluated by MarketBeat, and ranked 322nd out of 672 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Forward Air has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 1 strong buy rating, 3 buy ratings, no hold ratings, and 1 sell rating.

  • Upside Potential

    Forward Air has a consensus price target of $28.00, representing about 75.2% upside from its current price of $15.98.

  • Amount of Analyst Coverage

    Forward Air has only been the subject of 4 research reports in the past 90 days.

  • Read more about Forward Air's stock forecast and price target.
  • Earnings Growth

    Earnings for Forward Air are expected to grow in the coming year, from ($2.02) to $0.57 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Forward Air is -1.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Forward Air is -1.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about Forward Air's valuation and earnings.
  • Percentage of Shares Shorted

    7.79% of the float of Forward Air has been sold short.
  • Short Interest Ratio / Days to Cover

    Forward Air has a short interest ratio ("days to cover") of 2.99, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Forward Air has recently decreased by 9.91%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Forward Air does not currently pay a dividend.

  • Dividend Growth

    Forward Air does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on EPS estimates, Forward Air will have a dividend payout ratio of 168.42% in the coming year. This indicates that Forward Air may not be able to sustain their current dividend.

  • News Sentiment

    Forward Air has a news sentiment score of 1.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Industrials companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Forward Air this week, compared to 3 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Forward Air insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    15.70% of the stock of Forward Air is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    97.03% of the stock of Forward Air is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Forward Air's insider trading history.
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FWRD Stock News Headlines

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See More Headlines

FWRD Stock Analysis - Frequently Asked Questions

Forward Air's stock was trading at $25.00 on January 1st, 2026. Since then, FWRD stock has decreased by 36.1% and is now trading at $15.98.

Forward Air Corporation (NASDAQ:FWRD) announced its quarterly earnings data on Thursday, May, 7th. The transportation company reported ($1.09) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by $0.74. The firm's revenue was down 5.1% compared to the same quarter last year.
Read the conference call transcript
.

Forward Air subsidiaries include Atlantic Trucking Company, CLP Towne, Central States Logistics, Central States Trucking, Total Quality, Service Express, Pinch Holdings, and more.

Top institutional shareholders of Forward Air include BlackRock Inc. (8.77%), Private Management Group Inc. (3.62%), Cibc World Market Inc. (3.39%) and Deutsche Bank AG (1.94%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Forward Air investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Netflix (NFLX) and Adobe (ADBE).

Company Calendar

Last Earnings
5/07/2026
Today
9/03/2026
Next Earnings (Estimated)
11/04/2026
Fiscal Year End
12/31/2026

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Air Freight & Logistics
Sub-Industry
Air Freight & Logistics
Current Symbol
NASDAQ:FWRD
CIK
912728
Employees
6,062
Year Founded
1981

Price Target and Rating

High Price Target
$29.00
Low Price Target
$27.00
Potential Upside/Downside
+70.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

EPS (Trailing Twelve Months)
($8.90)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
-$107.80 million
Net Margins
-11.37%
Pretax Margin
-13.94%
Return on Equity
-19.49%
Return on Assets
-0.66%

Debt

Debt-to-Equity Ratio
13.98
Current Ratio
1.32
Quick Ratio
1.32

Sales & Book Value

Annual Sales
$2.50 billion
Price / Sales
0.21
Cash Flow
$2.15 per share
Price / Cash Flow
7.62
Book Value
($3.88) per share
Price / Book
-4.22

Miscellaneous

Outstanding Shares
31,620,000
Free Float
26,660,000
Market Cap
$518.09 million
Optionable
Optionable
Beta
1.38

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This page (NASDAQ:FWRD) was last updated on 9/3/2026 by MarketBeat.com Staff.
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