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S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
This Company Is Solving A Multi-Billion Dollar Problem! (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
NASDAQ:FWRD

Forward Air (FWRD) Stock Forecast, Price & News

$101.31
+2.76 (+2.80%)
(As of 06/6/2023 ET)
Compare
Today's Range
$97.54
$102.89
50-Day Range
$95.16
$111.50
52-Week Range
$84.04
$117.57
Volume
220,277 shs
Average Volume
170,699 shs
Market Capitalization
$2.63 billion
P/E Ratio
14.60
Dividend Yield
0.95%
Price Target
$118.20

Forward Air MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
16.7% Upside
$118.20 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.20mentions of Forward Air in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.85%
From $5.92 to $6.74 Per Share

Overall MarketRank

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

2.60 out of 5 stars

Transportation Sector

21st out of 117 stocks

Freight Transportation Arrangement Industry

3rd out of 5 stocks


FWRD stock logo

About Forward Air (NASDAQ:FWRD) Stock

Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL and Intermodal. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.

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FWRD Stock News Headlines

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Forward Air goes ex dividend tomorrow
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Forward Air Co. (FWRD) To Go Ex-Dividend on May 24th
Stifel Nicolaus Sticks to Its Buy Rating for Forward Air (FWRD)
Forward Air (NASDAQ:FWRD) Price Target Cut to $116.00
Forward Air (NASDAQ:FWRD) Price Target Cut to $125.00
Q1 2023 Forward Air Corp Earnings Call
Forward Air (FWRD) to Release Quarterly Earnings on Monday
Earnings Preview: Forward Air
See More Headlines

FWRD Price History

FWRD Company Calendar

Ex-Dividend for 3/17 Dividend
3/01/2023
Dividend Payable
3/17/2023
Last Earnings
5/01/2023
Ex-Dividend for 6/13 Dividend
5/24/2023
Today
6/06/2023
Dividend Payable
6/13/2023
Next Earnings (Estimated)
7/26/2023
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
$118.20
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+16.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$193.19 million
Pretax Margin
13.06%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$9.10 per share
Book Value
$26.60 per share

Miscellaneous

Free Float
25,622,000
Market Cap
$2.64 billion
Optionable
Optionable
Beta
1.13

Social Links


Key Executives

  • Thomas Schmitt
    Executive Chairman, President & CEO
  • Chris C. Ruble
    Chief Operating Officer
  • Rebecca Garbrick
    Chief Financial Officer & Treasurer
  • Jay Tomasello
    Chief Information Officer
  • Nancee Ronning
    Chief Commercial Officer













FWRD Stock - Frequently Asked Questions

Should I buy or sell Forward Air stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FWRD shares.
View FWRD analyst ratings
or view top-rated stocks.

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

5 equities research analysts have issued 1 year target prices for Forward Air's stock. Their FWRD share price forecasts range from $110.00 to $125.00. On average, they predict the company's stock price to reach $118.20 in the next year. This suggests a possible upside of 16.4% 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 shares have decreased by 3.2% and is now trading at $101.54.
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 May. As of May 15th, there was short interest totaling 522,300 shares, a decline of 10.1% from the April 30th total of 581,000 shares. Based on an average daily volume of 158,500 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.0% of the shares of the stock 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, July 26th 2023.
View our FWRD earnings forecast
.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings results on Monday, May, 1st. The transportation company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.07. The transportation company earned $427.07 million during the quarter, compared to analysts' expectations of $460.54 million. Forward Air had a trailing twelve-month return on equity of 27.50% and a net margin of 9.66%. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share.

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

Forward Air declared a quarterly dividend on Friday, April 28th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.24 per share on Tuesday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 24th.
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 0.95%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 14.24% 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 second quarter 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.28-$1.32 for the period, compared to the consensus EPS estimate of $1.67. The company issued revenue guidance of $427.63 million-$479.15 million, compared to the consensus revenue estimate of $483.46 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."

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 BlackRock Inc. (15.58%), Neuberger Berman Group LLC (5.82%), ArrowMark Colorado Holdings LLC (4.71%), Silvercrest Asset Management Group LLC (4.49%), Thrivent Financial for Lutherans (4.40%) and Clearbridge Investments LLC (3.78%). 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, Matthew J Jewell, Michael Joseph Morris, Michael L Hance and Pharmaceutical Co Ltd Takeda.
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.

What is Forward Air's stock price today?

One share of FWRD stock can currently be purchased for approximately $101.54.

How much money does Forward Air make?

Forward Air (NASDAQ:FWRD) has a market capitalization of $2.64 billion and generates $1.97 billion in revenue each year. The transportation company earns $193.19 million in net income (profit) each year or $6.94 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 6/7/2023 by MarketBeat.com Staff

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