Forward Air (FWRD) Stock Forecast, Price & News

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.
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7 equities research analysts have issued 1-year price targets for Forward Air's shares. Their FWRD share price forecasts range from $80.00 to $130.00. On average, they predict the company's share price to reach $104.14 in the next year. This suggests a possible upside of 54.0% from the stock's current price.
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Forward Air's stock was trading at $104.89 at the beginning of 2023. Since then, FWRD shares have decreased by 35.5% and is now trading at $67.63.
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Forward Air saw a decline in short interest in September. As of September 15th, there was short interest totaling 483,700 shares, a decline of 27.4% from the August 31st total of 666,300 shares. Based on an average daily trading volume, of 520,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.9% 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, October 25th 2023.
View our FWRD earnings forecast.

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

Forward Air declared 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 1.42%. The ex-dividend date is Wednesday, August 16th.
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 (NASDAQ:FWRD) pays an annual dividend of $0.96 per share and currently has a dividend yield of 1.46%. 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.

Forward Air issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $1.12-$1.16 for the period, compared to the consensus EPS 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.

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 number of institutional and retail 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.

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 $67.63.

Forward Air (NASDAQ:FWRD) has a market capitalization of $1.74 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.

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.