Forward Air (FWRD) Stock Price, News & Analysis

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 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.
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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.
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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.

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) 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.

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.

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.

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 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.

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 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.
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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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