Forward Air Stock Price, News & Analysis (NASDAQ:FWRD)

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last twelve months. 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.
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7 brokers have issued twelve-month target prices for Forward Air's shares. Their FWRD share price targets range from $75.00 to $130.00. On average, they expect the company's stock price to reach $94.57 in the next twelve months. This suggests a possible upside of 48.9% from the stock's current price.
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Forward Air's stock was trading at $104.89 at the beginning of the year. Since then, FWRD shares have decreased by 39.4% and is now trading at $63.53.
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Forward Air saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 530,700 shares, a decline of 12.6% from the October 31st total of 607,200 shares. Based on an average daily volume of 557,900 shares, the days-to-cover ratio is presently 1.0 days. Approximately 2.1% of the shares of the stock are short sold.
View Forward Air's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our FWRD earnings forecast.

Forward Air Co. (NASDAQ:FWRD) posted its quarterly earnings results on Tuesday, October, 31st. The transportation company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.10 by $0.11. The transportation company had revenue of $413.45 million for the quarter, compared to analysts' expectations 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 quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 EPS.

Forward Air announced a quarterly dividend on Tuesday, October 24th. Shareholders of record on Wednesday, November 22nd will be given 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.

Forward Air (NASDAQ:FWRD) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.51%. 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.

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

Forward Air updated its fourth quarter earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) guidance of $0.98-1.02 for the period, compared to the consensus 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.

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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.
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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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