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NASDAQ:FWRD

Forward Air - FWRD Stock Forecast, Price & News

$109.07
+1.55 (+1.44%)
(As of 08/11/2022 01:47 PM ET)
Add
Compare
Today's Range
$108.91
$110.50
50-Day Range
$84.99
$107.52
52-Week Range
$80.56
$125.71
Volume
3,484 shs
Average Volume
115,661 shs
Market Capitalization
$2.93 billion
P/E Ratio
18.33
Dividend Yield
0.91%
Price Target
$137.83

Forward Air MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
25.8% Upside
$137.83 Price Target
Short Interest
Bearish
2.65% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.94mentions of Forward Air in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.98%
From $7.06 to $7.20 Per Share

Overall MarketRank

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

2.42 out of 5 stars

Transportation Sector

41st out of 124 stocks

Freight Transportation Arrangement Industry

3rd out of 6 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FWRD shares. Raymond James lowered their price target on shares of Forward Air from $145.00 to $135.00 in a report on Friday, July 15th. Susquehanna decreased their price target on shares of Forward Air from $143.00 to $133.00 in a research report on Friday, April 29th. Stifel Nicolaus upgraded shares of Forward Air from a "hold" rating to a "buy" rating and raised their price objective for the company from $122.00 to $136.00 in a report on Thursday, April 28th. StockNews.com raised shares of Forward Air from a "hold" rating to a "buy" rating in a research report on Monday, May 2nd. Finally, Benchmark started coverage on shares of Forward Air in a research report on Tuesday, July 19th. They set a "hold" rating on the stock. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.83.

Forward Air Stock Up 2.3 %

Shares of FWRD traded up $2.42 on Wednesday, hitting $107.52. The company's stock had a trading volume of 489,611 shares, compared to its average volume of 164,577. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 17.66 and a beta of 1.13. The firm's fifty day moving average price is $94.22 and its 200-day moving average price is $96.93. The company has a quick ratio of 1.73, a current ratio of 1.89 and a debt-to-equity ratio of 0.24. Forward Air has a fifty-two week low of $80.56 and a fifty-two week high of $125.71.

Forward Air (NASDAQ:FWRD - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The transportation company reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.02. Forward Air had a return on equity of 27.62% and a net margin of 8.71%. The company had revenue of $515.22 million during the quarter, compared to the consensus estimate of $515.72 million. During the same period last year, the company earned $1.11 earnings per share. The firm's revenue was up 22.5% compared to the same quarter last year. On average, equities research analysts expect that Forward Air will post 7.06 EPS for the current year.

Forward Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.89%. The ex-dividend date is Wednesday, August 17th. Forward Air's payout ratio is 16.13%.

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FWRD Stock News Headlines

Forward Air: Q2 Earnings Insights
Forward Air (FWRD) to Release Quarterly Earnings on Wednesday
Benchmark Initiates Forward Air With Hold Rating
Forward Air goes ex-dividend tomorrow
See More Headlines
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FWRD Company Calendar

Ex-Dividend for 6/14 Dividend
5/25/2022
Dividend Payable
6/14/2022
Last Earnings
7/27/2022
Today
8/11/2022
Ex-Dividend for 9/8 Dividend
8/17/2022
Dividend Payable
9/08/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Freight transportation arrangement
Sub-Industry
Air Freight & Logistics
Current Symbol
NASDAQ:FWRD
CUSIP
34985310
Employees
4,327
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$137.83
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$125.00
Forecasted Upside/Downside
+26.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$105.86 million
Pretax Margin
12.01%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$6.20 per share
Book Value
$24.73 per share

Miscellaneous

Free Float
26,459,000
Market Cap
$2.93 billion
Optionable
Optionable
Beta
1.13














FWRD Stock - Frequently Asked Questions

Should I buy or sell Forward Air stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last twelve months. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 2022?

8 brokers have issued 1-year price objectives for Forward Air's stock. Their FWRD share price forecasts range from $125.00 to $165.00. On average, they predict the company's stock price to reach $137.83 in the next twelve months. This suggests a possible upside of 28.2% 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 2022?

Forward Air's stock was trading at $121.09 at the beginning of the year. Since then, FWRD shares have decreased by 11.2% and is now trading at $107.52.
View the best growth stocks for 2022 here
.

When is Forward Air's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our FWRD earnings forecast
.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings data on Wednesday, July, 27th. The transportation company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.02. The transportation company earned $515.22 million during the quarter, compared to the consensus estimate of $515.72 million. Forward Air had a net margin of 8.71% and a trailing twelve-month return on equity of 27.62%. The firm's quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 EPS.

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

Forward Air announced a quarterly dividend on Wednesday, July 27th. Investors of record on Thursday, August 18th will be paid a dividend of $0.24 per share on Thursday, September 8th. This represents a $0.96 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, August 17th.
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 0.91%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 13.33% 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 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $1.88-$1.92 for the period, compared to the consensus earnings per share estimate of $1.64. The company issued revenue guidance of $503.55 million-$520.34 million, compared to the consensus revenue estimate of $489.13 million.

What is Bruce A. Campbell's approval rating as Forward Air's CEO?

63 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.

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 many different institutional and retail investors. Top institutional shareholders include Royce & Associates LP (3.28%), Victory Capital Management Inc. (2.41%), Boston Trust Walden Corp (0.96%), Emerald Advisers LLC (0.78%), Tributary Capital Management LLC (0.73%) and Principal Financial Group Inc. (0.67%). Insiders that own company stock include C Robert Campbell, Chris C Ruble, George M Lynch, George S Mayes Jr, Glenn A Adelaar, Javier Polit, Kyle R Mitchin, 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 $107.52.

How much money does Forward Air make?

Forward Air (NASDAQ:FWRD) has a market capitalization of $2.89 billion and generates $1.66 billion in revenue each year. The transportation company earns $105.86 million in net income (profit) each year or $5.95 on an earnings per share basis.

How many employees does Forward Air have?

The company employs 4,327 workers across the globe.

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 8/11/2022 by MarketBeat.com Staff

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