NASDAQ:FWRD Forward Air (FWRD) Stock Price, News & Analysis $20.20 +0.71 (+3.64%) Closing price 08/13/2026 04:00 PM EasternExtended Trading$20.24 +0.04 (+0.18%) As of 09:06 AM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more. Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsBuy This Stock About Forward Air Stock (NASDAQ:FWRD) View Price History Chart DataSkip Price History Chart 1 Day 5 Days 30 Days 90 Days 1 Year Advanced 1 Day 1 Day 5 Days 30 Days 90 Days 1 Year Advanced Show volume Show extended hours Get Forward Air alerts:Sign Up Key Stats Today's Range$19.84▼$20.5750-Day Range$10.36▼$20.2052-Week Range$7.86▼$32.00Volume509,079 shsAverage Volume807,158 shsMarket Capitalization$638.72 millionP/E RatioN/ADividend YieldN/APrice Target$28.00Consensus RatingModerate Buy Company Overview Forward Air Corporation is a leading North American provider of expedited ground transportation and related logistics services, specializing in time-sensitive shipments. The company offers a comprehensive suite of solutions including less-than-truckload (LTL) expedited freight, consolidation and distribution services, container drayage, and final-mile delivery. By integrating transportation management with warehousing, inventory control, and technology-driven tracking, Forward Air supports customers across a variety of industries such as manufacturing, retail, automotive and chemicals. Founded in 1981 and headquartered in Greeneville, Tennessee, Forward Air has developed a broad network of service centers, terminals and rail ramps throughout the United States, Canada and Puerto Rico. The company’s infrastructure is designed to facilitate efficient cross-border movement and expedited regional distribution, leveraging both company-owned assets and strategic partnerships with rail and trucking carriers. Forward Air’s technology platform provides real-time visibility into shipment status, enabling customers to monitor key performance indicators and maintain control over their supply chains. Under the leadership of President and Chief Executive Officer Thomas C. Schmitt, Forward Air emphasizes operational excellence, safety and regulatory compliance. The company’s management team combines industry expertise with a focus on continuous improvement, deploying data analytics and process optimization initiatives to enhance service reliability while managing costs. Forward Air’s commitment to customer service and its ability to adapt logistics solutions to evolving market demands have supported the company’s sustained growth since its inception.AI Generated. May Contain Errors. Read More Forward Air Stock Analysis - MarketRank™See Top-Rated MarketRank™ Stocks75th Percentile Overall ScoreFWRD MarketRank™: Forward Air scored higher than 75% of companies evaluated by MarketBeat, and ranked 303rd out of 672 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.2 / 5Analyst RatingModerate Buy Consensus RatingForward Air has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 1 strong buy rating, 3 buy ratings, no hold ratings, and 1 sell rating.Upside PotentialForward Air has a consensus price target of $28.00, representing about 38.6% upside from its current price of $20.20.Amount of Analyst CoverageForward Air has only been the subject of 4 research reports in the past 90 days.Read more about Forward Air's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Forward Air are expected to grow in the coming year, from ($2.02) to $0.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Forward Air is -2.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Forward Air is -2.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted8.64% of the float of Forward Air has been sold short.Short Interest Ratio / Days to CoverForward Air has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Forward Air has recently decreased by 1.07%, indicating that investor sentiment is improving. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldForward Air does not currently pay a dividend.Dividend GrowthForward Air does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Forward Air will have a dividend payout ratio of 168.42% in the coming year. This indicates that Forward Air may not be able to sustain their current dividend. News and Social Media3.7 / 5News Sentiment0.96 News SentimentForward Air has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Industrials companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Forward Air this week, compared to 3 articles on an average week.Search Interest10 people have searched for FWRD on MarketBeat in the last 30 days. Company Ownership1.3 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Forward Air insiders have not sold or bought any company stock.Percentage Held by Insiders15.70% of the stock of Forward Air is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions97.03% of the stock of Forward Air is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Forward Air's insider trading history. 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. Submit View SMS TermsSMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. 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Meta cut 14,000 roles, Microsoft offered separation packages to 8,500 workers, and Oracle is reportedly eliminating up to 30,000 positions. Goldman Sachs estimates 12,400 Americans are being financially displaced every single day. Analyst Porter Stansberry says the real driver runs deeper than AI - and two Nobel Prize winners have issued the same warning. He calls it the Final Displacement, and he's releasing a full investigation with specific companies to buy and sell before the next wave hits.August 14 at 1:00 AM | Porter & Company (Ad)Forward Air Corporation (FWRD) Q2 2026 Earnings Call TranscriptAugust 5, 2026 | seekingalpha.comForward Air Corporation 2026 Q2 - Results - Earnings Call PresentationAugust 5, 2026 | seekingalpha.comForward Air secures deal to keep at least 50% of $250M accountJuly 21, 2026 | finance.yahoo.comForward Air surges on deal to retain up to 75% of at-risk businessJuly 21, 2026 | seekingalpha.comForward Air signs MOU to retain key customerJuly 21, 2026 | tipranks.comSee More Headlines FWRD Stock Analysis - Frequently Asked Questions How have FWRD shares performed this year? Forward Air's stock was trading at $25.00 at the beginning of 2026. Since then, FWRD shares have decreased by 19.2% and is now trading at $20.20. How were Forward Air's earnings last quarter? Forward Air Corporation (NASDAQ:FWRD) issued its quarterly earnings data on Thursday, May, 7th. The transportation company reported ($1.09) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by $0.74. The firm's revenue was down 5.1% compared to the same quarter last year. Read the conference call transcript. Does Forward Air have any subsidiaries? The following companies are subsidiaries of Forward Air: Atlantic Trucking Company, CLP Towne, Central States Logistics, Central States Trucking, Total Quality, Service Express, Pinch Holdings, and others. Who are Forward Air's major shareholders? Forward Air's top institutional investors include BlackRock Inc. (8.77%), Cibc World Market Inc. (3.39%), Deutsche Bank AG (1.94%) and Landscape Capital Management L.L.C. (0.70%). Insiders that own company stock include Cetus Capital Vi, LP, Thomas Schmitt, Michael L Hance, Chris C Ruble, Kyle R Mitchin, Laurie Anne Tucker and Nancee L Ronning. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. What other stocks do shareholders of Forward Air own? Based on aggregate information from My MarketBeat watchlists, some other companies that Forward Air investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Netflix (NFLX) and Adobe (ADBE). Company Calendar Last Earnings5/07/2026Today8/14/2026Fiscal Year End12/31/2026Get Stock Alerts Health Indicator TradeSmith's Health IndicatorA long-term volatility-based measure designed for securities held 12 months or longer.Green: Strong and healthy uptrend with normal pullbacks.Yellow: Significant pullback but still within expected volatility.Red: Dropped beyond expected volatility; considered unhealthy. Green Zone (2m+) 1-Year History Aug 25 Nov 25 Feb 26 May 26 Aug 26 FWRD's financial health is in the Green zone, according to TradeSmith. FWRD has been in this zone for over 2 months. Industry, Sector and Symbol Stock ExchangeNASDAQ SectorIndustrials Industry Air Freight & Logistics Sub-IndustryAir Freight & Logistics Current SymbolNASDAQ:FWRD CIK912728 Webwww.forwardair.com Phone(423) 636-7000Fax423-783-9019Employees6,062Year Founded1981Price Target and Rating Average Price Target for Forward Air$28.00 High Price Target$29.00 Low Price Target$27.00 Potential Upside/Downside+38.6%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Trailing Twelve Months)($8.90) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income-$107.80 million Net Margins-11.37% Pretax Margin-13.94% Return on Equity-19.49% Return on Assets-0.66% Debt Debt-to-Equity Ratio13.98 Current Ratio1.32 Quick Ratio1.32 Sales & Book Value Annual Sales$2.50 billion Price / Sales0.26 Cash Flow$2.23 per share Price / Cash Flow9.06 Book Value($3.88) per share Price / Book-5.21Miscellaneous Outstanding Shares31,620,000Free Float26,660,000Market Cap$638.72 million OptionableOptionable Beta1.36 Social Links The Infrastructure's Backbone: 10 Stocks Powering the AI BuildoutThe AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.Get This Free Report This page (NASDAQ:FWRD) was last updated on 8/14/2026 by MarketBeat.com Staff. From Our PartnersAmerican retirees will miss THIS. Big Banks just moved in.Central banks spent nearly $130 billion on physical gold last year, on top of $145 billion the year before. Q1...Cedar Gold Group | SponsoredMan who Predicted Trump 2016 Win: “Prepare for Mid-Term Meltdown”In 2016, major election models gave Hillary Clinton a 99% chance of winning - but former CIA and Pentagon advi...Paradigm Press | SponsoredTrump’s New Currency ResetTrump is launching a new $250 bill - but that may be a distraction. 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