NASDAQ:FWRD Forward Air Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Forward Air Co. Please log in to your account or sign up in order to add this asset to your watchlist. $91.35 -0.61 (-0.66%) (As of 07/1/2022 03:59 PM ET) Add Compare Share Today's Range$89.71▼$92.6150-Day Range$84.99▼$102.5852-Week Range$80.56▼$125.71Volume2,882 shsAverage Volume172,374 shsMarket Capitalization$2.45 billionP/E Ratio18.20Dividend Yield1.05%Price Target$139.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Forward Air MarketRank™ ForecastAnalyst RatingModerate Buy2.86 Rating ScoreUpside/Downside52.7% Upside$139.50 Price TargetShort InterestHealthy2.71% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.76Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth7.04%From $6.39 to $6.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.35 out of 5 starsTransportation Sector31st out of 173 stocksFreight Transportation Arrangement Industry1st out of 9 stocks 3.4 Analyst's Opinion Consensus RatingForward Air has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $139.50, Forward Air has a forecasted upside of 52.7% from its current price of $91.35.Amount of Analyst CoverageForward Air has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.71% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Forward Air has recently increased by 8.14%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldForward Air pays a meaningful dividend of 1.05%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthForward Air has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Forward Air is 19.12%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Forward Air will have a dividend payout ratio of 14.04% next year. This indicates that Forward Air will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FWRD. Previous Next 2.6 News and Social Media Coverage News SentimentForward Air has a news sentiment score of 0.76. 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 0.44 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Forward Air this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for FWRD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Forward Air insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.30% of the stock of Forward Air is held by insiders.Percentage Held by Institutions97.66% of the stock of Forward Air is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Forward Air are expected to grow by 7.04% in the coming year, from $6.39 to $6.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Forward Air is 18.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 74.75.Price to Earnings Ratio vs. SectorThe P/E ratio of Forward Air is 18.20, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 5.83.Price to Book Value per Share RatioForward Air has a P/B Ratio of 4.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address About Forward Air (NASDAQ:FWRD) StockForward 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.Read More FWRD Stock News HeadlinesJuly 1, 2022 | finance.yahoo.com3 Reasons Why Growth Investors Shouldn't Overlook Forward Air (FWRD)June 30, 2022 | americanbankingnews.comAnalysts Set Forward Air Co. (NASDAQ:FWRD) Price Target at $139.50June 22, 2022 | finance.yahoo.comIs Now The Time To Look At Buying Forward Air Corporation (NASDAQ:FWRD)?June 16, 2022 | finance.yahoo.comWall Street Analysts Believe Forward Air (FWRD) Could Rally 52%: Here's is How to TradeJune 15, 2022 | finance.yahoo.comIs Forward Air (FWRD) a Solid Growth Stock? 3 Reasons to Think "Yes"June 8, 2022 | finance.yahoo.comForward Air Provides Mid-Quarter Update on Second Quarter 2022 PerformanceJune 6, 2022 | finance.yahoo.comForward Air (NASDAQ:FWRD) Knows How To Allocate CapitalMay 24, 2022 | seekingalpha.comForward Air goes ex-dividend tomorrowMay 23, 2022 | finance.yahoo.comWall Street Analysts Believe Forward Air (FWRD) Could Rally 51%: Here's is How to TradeMay 21, 2022 | finance.yahoo.comForward Air Corporation (NASDAQ:FWRD) Looks Interesting, And It's About To Pay A DividendMay 13, 2022 | finance.yahoo.comWith EPS Growth And More, Forward Air (NASDAQ:FWRD) Is InterestingMay 9, 2022 | finance.yahoo.comForward Air Acquires Edgmon Trucking to Grow West Coast Intermodal Drayage OperationsMay 3, 2022 | finance.yahoo.comWill Forward Air (FWRD) Gain on Rising Earnings Estimates?May 3, 2022 | finance.yahoo.comWill Forward Air (FWRD) Gain on Rising Earnings Estimates?April 30, 2022 | seekingalpha.comForward Air Corporation's (FWRD) CEO Thomas Schmitt on Q1 2022 Results - Earnings Call TranscriptApril 28, 2022 | finance.yahoo.comForward Air (FWRD) Q1 Earnings and Revenues Surpass EstimatesApril 27, 2022 | investing.comForward Air Tops Q1 EPS by 30cApril 27, 2022 | finance.yahoo.comForward Air Corporation Reports First Quarter 2022 ResultsApril 25, 2022 | nasdaq.comAnalysts Forecast 17% Gains Ahead For DGROApril 18, 2022 | seekingalpha.comForward Air expects Q1 revenue, EPS above analysts consensusApril 18, 2022 | finance.yahoo.comForward Air's stock rallies toward 5th-straight gain after raising profit, revenue outlookApril 14, 2022 | finance.yahoo.comForward Air Announces Opening of New Support Center in ColumbusApril 12, 2022 | finance.yahoo.comForward Air Corporation Announces Timing of First Quarter 2022 Earnings Release and Conference CallApril 11, 2022 | msn.comScoop Up 3 Trucking Stocks With Dividend Hikes to Aid PortfolioApril 5, 2022 | nasdaq.comForward Air Enters Oversold Territory (FWRD)See More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Freight transportation arrangement Sub-IndustryAir Freight & Logistics SectorTransportation Current SymbolNASDAQ:FWRD CUSIP34985310 CIK912728 Webwww.forwardair.com Phone(423) 636-7000Fax423-783-9019Employees4,327Year FoundedN/ACompany Calendar Last Earnings4/27/2022Ex-Dividend for 6/14 Dividend5/25/2022Dividend Payable6/14/2022Today7/04/2022Next Earnings (Estimated)8/04/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$139.50 High Stock Price Forecast$165.00 Low Stock Price Forecast$125.00 Forecasted Upside/Downside+52.7%Consensus RatingModerate Buy Rating Score (0-4)2.85714285714286 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$5.02 Trailing P/E Ratio18.20 Forward P/E Ratio14.30 P/E GrowthN/ANet Income$105.86 million Net Margins7.77% Pretax Margin10.75% Return on Equity24.69% Return on Assets12.86% Debt Debt-to-Equity Ratio0.27 Current Ratio1.73 Quick Ratio1.73 Sales & Book Value Annual Sales$1.66 billion Price / Sales1.48 Cash Flow$5.98 per share Price / Cash Flow15.28 Book Value$22.02 per share Price / Book4.15Miscellaneous Outstanding Shares26,862,000Free Float26,513,000Market Cap$2.45 billion OptionableOptionable Beta1.11 Forward Air 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 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Forward Air stock. View analyst ratings for Forward Air or view top-rated stocks. What is Forward Air's stock price forecast for 2022? 7 equities research analysts have issued 1 year price targets for Forward Air's stock. Their FWRD stock forecasts range from $125.00 to $165.00. On average, they anticipate Forward Air's share price to reach $139.50 in the next year. This suggests a possible upside of 52.7% from the stock's current price. View analysts' price targets for Forward Air or view top-rated stocks among Wall Street analysts. How has Forward Air's stock performed in 2022? Forward Air's stock was trading at $121.09 on January 1st, 2022. Since then, FWRD shares have decreased by 24.6% and is now trading at $91.35. View the best growth stocks for 2022 here. When is Forward Air's next earnings date? Forward Air is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for Forward Air. How were Forward Air's earnings last quarter? Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings results on Wednesday, April, 27th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.05. The transportation company had revenue of $466.96 million for the quarter, compared to analysts' expectations of $453.60 million. Forward Air had a net margin of 7.77% and a trailing twelve-month return on equity of 24.69%. During the same quarter in the previous year, the firm earned $0.60 earnings per share. View Forward Air's earnings history. How often does Forward Air pay dividends? What is the dividend yield for Forward Air? Forward Air announced a quarterly dividend on Wednesday, April 27th. Shareholders of record on Thursday, May 26th will be paid a dividend of $0.24 per share on Tuesday, June 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, May 25th. View Forward Air's dividend history. 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 1.05%. Forward Air does not yet have a strong track record of dividend growth. The dividend payout ratio of Forward Air is 19.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Forward Air will have a dividend payout ratio of 14.04% next year. This indicates that Forward Air will be able to sustain or increase its dividend. View Forward Air's dividend history. What guidance has Forward Air issued on next quarter's earnings? Forward Air updated its second quarter 2022 earnings guidance on Wednesday, June, 29th. The company provided earnings per share guidance of $1.63- for the period, compared to the consensus earnings per share estimate of $1.66. The company issued revenue guidance of -. Who are Forward Air's key executives? Forward Air's management team includes the following people: Mr. Thomas Schmitt, Pres, CEO & Exec. Chairman (Age 57, Pay $3.17M)Ms. Rebecca J. Garbrick, CFO & Treasurer (Age 46, Pay $650.55k)Mr. Chris C. Ruble, Chief Operating Officer (Age 59, Pay $1.73M) (LinkedIn Profile)Mr. Michael L. Hance, Chief Legal Officer & Sec. (Age 50, Pay $1.3M) (LinkedIn Profile)Mr. Joseph Michael Tomasello, Chief Information OfficerMr. Kyle R. Mitchin, Chief People Officer (LinkedIn Profile)Mr. Matthew J. Jewell, Consultant (Age 56)Sandi Underwood, Assistant Corp. Sec. What is Bruce A. Campbell's approval rating as Forward Air's CEO? 63 employees have rated Forward Air CEO Bruce A. Campbell on Glassdoor.com. Bruce A. Campbell has an approval rating of 54% among Forward Air's employees. This puts Bruce A. Campbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Who are some of Forward Air's key competitors? Some companies that are related to Forward Air include United Parcel Service (UPS), FedEx (FDX), Expeditors International of Washington (EXPD), C.H. Robinson Worldwide (CHRW), XPO Logistics (XPO), Hub Group (HUBG), Air Transport Services Group (ATSG), Rocket Lab USA (RKLB), Atlas Air Worldwide (AAWW) and Park-Ohio (PKOH). View all of FWRD's competitors. 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 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 $91.35. How much money does Forward Air make? Forward Air (NASDAQ:FWRD) has a market capitalization of $2.45 billion and generates $1.66 billion in revenue each year. The transportation company earns $105.86 million in net income (profit) each year or $5.02 on an earnings per share basis. How many employees does Forward Air have? Forward Air 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 Forward Air 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 7/4/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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