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

$63.53
+0.01 (+0.02%)
(As of 11/30/2023 ET)
Compare
Today's Range
$63.03
$65.09
50-Day Range
$62.67
$77.28
52-Week Range
$60.09
$121.38
Volume
215,230 shs
Average Volume
333,534 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
0.69mentions of Forward Air in the last 14 days
Based on 2 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.

2.73 out of 5 stars

Transportation Sector

15th out of 115 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, Omni pointing fingers over EBITDA forecasts
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Forward Air’s new long-term targets don’t include Omni
Forward’s new long-term targets don’t include Omni
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
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
Forward Air (FWRD) Q3 Earnings and Revenues Lag Estimates
Forward Air misses Q3 mark, Q4 outlook also light
See More Headlines
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Company Calendar

Ex-Dividend for 9/7 Dividend
8/16/2023
Dividend Payable
9/07/2023
Last Earnings
10/31/2023
Ex-Dividend for 12/7 Dividend
11/21/2023
Today
11/30/2023
Dividend Payable
12/07/2023
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
$1.97 billion
Cash Flow
$9.10 per share
Book Value
$25.91 per share

Miscellaneous

Free Float
25,259,000
Market Cap
$1.63 billion
Optionable
Optionable
Beta
1.16

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FWRD Stock Analysis - Frequently Asked Questions

Should I buy or sell Forward Air stock right now?

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.
View FWRD analyst ratings
or view top-rated stocks.

What is Forward Air's stock price target for 2024?

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.
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 shares have 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 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
.

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) 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.

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

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
.

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 1.51%. 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.

What guidance has Forward Air issued on next quarter's earnings?

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.

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 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.
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.
Read More
This page (NASDAQ:FWRD) was last updated on 11/30/2023 by MarketBeat.com Staff

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