S&P 500   4,283.64 (-0.10%)
DOW   33,401.65 (-0.32%)
QQQ   360.26 (+0.56%)
AAPL   172.88 (+0.98%)
MSFT   318.62 (+0.91%)
META   305.69 (+1.83%)
GOOGL   132.76 (+1.45%)
AMZN   127.86 (+0.58%)
TSLA   246.72 (-1.40%)
NVDA   446.51 (+2.65%)
NIO   8.98 (-0.66%)
BABA   86.63 (-0.13%)
AMD   103.38 (+0.54%)
T   14.97 (-0.33%)
F   12.38 (-0.32%)
MU   69.00 (+1.43%)
CGC   0.79 (+1.23%)
GE   110.72 (+0.15%)
DIS   81.00 (-0.06%)
AMC   8.23 (+3.00%)
PFE   32.88 (-0.87%)
PYPL   58.87 (+0.70%)
NFLX   379.46 (+0.49%)
S&P 500   4,283.64 (-0.10%)
DOW   33,401.65 (-0.32%)
QQQ   360.26 (+0.56%)
AAPL   172.88 (+0.98%)
MSFT   318.62 (+0.91%)
META   305.69 (+1.83%)
GOOGL   132.76 (+1.45%)
AMZN   127.86 (+0.58%)
TSLA   246.72 (-1.40%)
NVDA   446.51 (+2.65%)
NIO   8.98 (-0.66%)
BABA   86.63 (-0.13%)
AMD   103.38 (+0.54%)
T   14.97 (-0.33%)
F   12.38 (-0.32%)
MU   69.00 (+1.43%)
CGC   0.79 (+1.23%)
GE   110.72 (+0.15%)
DIS   81.00 (-0.06%)
AMC   8.23 (+3.00%)
PFE   32.88 (-0.87%)
PYPL   58.87 (+0.70%)
NFLX   379.46 (+0.49%)
S&P 500   4,283.64 (-0.10%)
DOW   33,401.65 (-0.32%)
QQQ   360.26 (+0.56%)
AAPL   172.88 (+0.98%)
MSFT   318.62 (+0.91%)
META   305.69 (+1.83%)
GOOGL   132.76 (+1.45%)
AMZN   127.86 (+0.58%)
TSLA   246.72 (-1.40%)
NVDA   446.51 (+2.65%)
NIO   8.98 (-0.66%)
BABA   86.63 (-0.13%)
AMD   103.38 (+0.54%)
T   14.97 (-0.33%)
F   12.38 (-0.32%)
MU   69.00 (+1.43%)
CGC   0.79 (+1.23%)
GE   110.72 (+0.15%)
DIS   81.00 (-0.06%)
AMC   8.23 (+3.00%)
PFE   32.88 (-0.87%)
PYPL   58.87 (+0.70%)
NFLX   379.46 (+0.49%)
S&P 500   4,283.64 (-0.10%)
DOW   33,401.65 (-0.32%)
QQQ   360.26 (+0.56%)
AAPL   172.88 (+0.98%)
MSFT   318.62 (+0.91%)
META   305.69 (+1.83%)
GOOGL   132.76 (+1.45%)
AMZN   127.86 (+0.58%)
TSLA   246.72 (-1.40%)
NVDA   446.51 (+2.65%)
NIO   8.98 (-0.66%)
BABA   86.63 (-0.13%)
AMD   103.38 (+0.54%)
T   14.97 (-0.33%)
F   12.38 (-0.32%)
MU   69.00 (+1.43%)
CGC   0.79 (+1.23%)
GE   110.72 (+0.15%)
DIS   81.00 (-0.06%)
AMC   8.23 (+3.00%)
PFE   32.88 (-0.87%)
PYPL   58.87 (+0.70%)
NFLX   379.46 (+0.49%)
NASDAQ:FWRD

Forward Air (FWRD) Stock Forecast, Price & News

$67.81
-0.93 (-1.35%)
(As of 09:35 AM ET)
Compare
Today's Range
$67.81
$68.64
50-Day Range
$62.80
$120.00
52-Week Range
$60.09
$121.38
Volume
2,432 shs
Average Volume
298,931 shs
Market Capitalization
$1.74 billion
P/E Ratio
11.98
Dividend Yield
1.42%
Price Target
$104.14

Forward Air MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
51.5% Upside
$104.14 Price Target
Short Interest
Healthy
1.91% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.70mentions of Forward Air in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$1.47 M Bought Last Quarter
Proj. Earnings Growth
20.93%
From $4.54 to $5.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.33 out of 5 stars

Transportation Sector

3rd out of 117 stocks

Freight Transportation Arrangement Industry

1st out of 5 stocks


FWRD stock logo

About Forward Air (NASDAQ:FWRD) Stock

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 Price History

FWRD Stock News Headlines

Forward Air’s bid for Omni temporarily blocked by court
Analysts Set Forward Air Co. (NASDAQ:FWRD) PT at $104.14
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Forward Air Raises $925M Through Debt Offering
Executives Bought Shares at Forward Air and Fox
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
How a Trucking Company Ran Over Its Own Stock
Jefferies Upgrades Forward Air (FWRD)
Forward Air’s latest deal spooks customers, investors
Thomas Schmitt Bought 28% More Shares In Forward Air
Why Forward Air Stock Was Stuck in Reverse This Week
Baird Downgrades Forward Air (FWRD)
See More Headlines
Receive FWRD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Forward Air and its competitors with MarketBeat's FREE daily newsletter.

FWRD Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/7 Dividend
8/16/2023
Dividend Payable
9/07/2023
Today
10/02/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

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 Forecast
$104.14
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+51.5%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$193.19 million
Pretax Margin
11.30%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$9.09 per share
Book Value
$26.60 per share

Miscellaneous

Free Float
25,259,000
Market Cap
$1.77 billion
Optionable
Optionable
Beta
1.20

Social Links

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

Key Executives

  • Mr. Thomas Schmitt (Age 58)
    Pres, CEO & Exec. Chairman
    Comp: $3.18M
  • Ms. Rebecca J. Garbrick (Age 47)
    CFO & Treasurer
    Comp: $1.14M
  • Mr. Chris C. Ruble (Age 60)
    Chief Operating Officer
    Comp: $1.74M
  • Mr. Michael L. HanceMr. Michael L. Hance (Age 51)
    Chief Legal Officer & Sec.
    Comp: $1.3M
  • Mr. Kyle R. MitchinMr. Kyle R. Mitchin (Age 43)
    Chief People Officer
    Comp: $926.9k
  • Mr. Joseph Michael Tomasello (Age 46)
    Chief Information Officer
  • Ms. Nancee Ronning (Age 62)
    Chief Commercial Officer













FWRD Stock - Frequently Asked Questions

Should I buy or sell Forward Air stock right now?

7 Wall Street equities 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 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.
View FWRD analyst ratings
or view top-rated stocks.

What is Forward Air's stock price forecast for 2023?

7 brokers 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 expect the company's share price to reach $104.14 in the next twelve months. This suggests a possible upside of 51.5% 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 on January 1st, 2023. Since then, FWRD stock has decreased by 34.5% and is now trading at $68.74.
View the best growth stocks for 2023 here
.

Are investors shorting Forward Air?

Forward Air saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 483,700 shares, a drop of 27.4% from the August 31st total of 666,300 shares. Based on an average trading volume of 520,000 shares, the short-interest ratio is presently 0.9 days. Currently, 1.9% of the company's shares are sold short.
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, October 25th 2023.
View our FWRD earnings forecast
.

How were Forward Air's earnings last quarter?

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

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

Forward Air declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.24 per share on Thursday, September 7th. This represents a $0.96 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, August 16th.
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 1.40%. 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.

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

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.

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).

What is Forward Air's stock symbol?

Forward Air trades on the NASDAQ under the ticker symbol "FWRD."

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.

What is Forward Air's stock price today?

One share of FWRD stock can currently be purchased for approximately $68.74.

How much money does Forward Air make?

Forward Air (NASDAQ:FWRD) has a market capitalization of $1.77 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.

How many employees does Forward Air have?

The company employs 4,427 workers across the globe.

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
How can I contact Forward Air?

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.

This page (NASDAQ:FWRD) was last updated on 10/2/2023 by MarketBeat.com Staff

My Account -