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S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Can Carnival Cruise Lines Set Sail For New Highs? 
Modern Day Options Trading For Beginners! (Ad)pixel
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
Modern Day Options Trading For Beginners! (Ad)pixel
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
3 Small Financial Software Makers Showing Strong Chart Action
Buy THIS stock before Taiwan is attacked (Ad)
Finland's NATO membership: What's next?
Will Investors Lose Their Shirts Chasing Gap's 6.8% Dividend?
S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Can Carnival Cruise Lines Set Sail For New Highs? 
Modern Day Options Trading For Beginners! (Ad)pixel
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
Modern Day Options Trading For Beginners! (Ad)pixel
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
3 Small Financial Software Makers Showing Strong Chart Action
Buy THIS stock before Taiwan is attacked (Ad)
Finland's NATO membership: What's next?
Will Investors Lose Their Shirts Chasing Gap's 6.8% Dividend?
S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Can Carnival Cruise Lines Set Sail For New Highs? 
Modern Day Options Trading For Beginners! (Ad)pixel
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
Modern Day Options Trading For Beginners! (Ad)pixel
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
3 Small Financial Software Makers Showing Strong Chart Action
Buy THIS stock before Taiwan is attacked (Ad)
Finland's NATO membership: What's next?
Will Investors Lose Their Shirts Chasing Gap's 6.8% Dividend?
NASDAQ:FWRD

Forward Air - FWRD Stock Forecast, Price & News

$104.11
+1.58 (+1.54%)
(As of 03/27/2023 12:00 AM ET)
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Compare
Today's Range
$102.51
$104.56
50-Day Range
$97.81
$115.42
52-Week Range
$84.04
$117.57
Volume
127,118 shs
Average Volume
162,515 shs
Market Capitalization
$2.74 billion
P/E Ratio
14.58
Dividend Yield
0.92%
Price Target
$126.50

Forward Air MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
21.5% Upside
$126.50 Price Target
Short Interest
Healthy
2.21% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.59mentions of Forward Air in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$407,880 Bought Last Quarter
Proj. Earnings Growth
11.23%
From $6.50 to $7.23 Per Share

Overall MarketRank

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

2.53 out of 5 stars

Transportation Sector

44th out of 123 stocks

Freight Transportation Arrangement Industry

2nd 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

Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
Forward Air Stock (NASDAQ:FWRD), Dividends
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Stephens Reaffirms Their Buy Rating on Forward Air (FWRD)
Forward Air (FWRD) Q4 Earnings and Revenues Lag Estimates
Stifel Nicolaus Keeps Their Buy Rating on Forward Air (FWRD)
See More Headlines
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FWRD Company Calendar

Last Earnings
2/09/2023
Ex-Dividend for 3/17 Dividend
3/01/2023
Dividend Payable
3/17/2023
Today
3/28/2023
Next Earnings (Estimated)
4/26/2023
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
$126.50
High Stock Price Forecast
$136.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+21.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$193.19 million
Pretax Margin
13.22%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$9.24 per share
Book Value
$26.60 per share

Miscellaneous

Free Float
25,944,000
Market Cap
$2.74 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?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last twelve months. There are currently 2 hold ratings, 3 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 2023?

6 brokers have issued 1 year price objectives for Forward Air's shares. Their FWRD share price forecasts range from $110.00 to $136.00. On average, they expect the company's share price to reach $126.50 in the next twelve months. This suggests a possible upside of 21.5% 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 at the beginning of the year. Since then, FWRD stock has decreased by 0.7% and is now trading at $104.11.
View the best growth stocks for 2023 here
.

Are investors shorting Forward Air?

Forward Air saw a increase in short interest in March. As of March 15th, there was short interest totaling 576,500 shares, an increase of 16.8% from the February 28th total of 493,600 shares. Based on an average trading volume of 180,700 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.2% of the company's stock are short sold.
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, April 26th 2023.
View our FWRD earnings forecast
.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) announced its quarterly earnings data on Thursday, February, 9th. The transportation company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.95 by $0.30. The transportation company had revenue of $481.20 million for the quarter, compared to analysts' expectations of $501.18 million. Forward Air had a net margin of 9.79% and a trailing twelve-month return on equity of 29.20%. Forward Air's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 EPS.

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

Forward Air announced a quarterly dividend on Tuesday, February 7th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.24 per share on Friday, March 17th. This represents a $0.96 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, March 1st.
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 0.94%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 13.28% 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 updated its first quarter 2023 earnings guidance on Wednesday, February, 8th. The company provided EPS guidance of $1.30-$1.34 for the period, compared to the consensus EPS estimate of $1.58. The company issued revenue guidance of $448.28 million-$476.30 million, compared to the consensus revenue estimate of $478.71 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 Neuberger Berman Group LLC (5.17%), ArrowMark Colorado Holdings LLC (4.48%), Silvercrest Asset Management Group LLC (4.48%), Clearbridge Investments LLC (4.17%), Morgan Stanley (3.09%) and Thrivent Financial for Lutherans (2.97%). 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 $104.11.

How much money does Forward Air make?

Forward Air (NASDAQ:FWRD) has a market capitalization of $2.74 billion and generates $1.97 billion in revenue each year. The transportation company earns $193.19 million in net income (profit) each year or $7.14 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 3/28/2023 by MarketBeat.com Staff