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NASDAQ:FWRDForward Air Stock Price, Forecast & News

$49.76
+0.34 (+0.69 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$49.54
Now: $49.76
$50.86
50-Day Range
$42.77
MA: $48.50
$53.35
52-Week Range
$39.59
Now: $49.76
$72.09
Volume179,633 shs
Average Volume171,852 shs
Market Capitalization$1.39 billion
P/E Ratio18.36
Dividend Yield1.46%
Beta1.15
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through four segments: Expedited Less-Than-Truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool). The Expedited LTL segment provides expedited regional, inter-regional, and national LTL services, as well as local pick-up and delivery services. It also offers shipment consolidation and deconsolidation, warehousing, final mile, customs brokerage, and other handling services. This segment provides its transportation services through a network of terminals located at or near airports. The TLS segment 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. The Pool segment offers high-frequency handling and distribution of time-sensitive products to various destinations. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.19 out of 5 stars


Industry, Sector and Symbol

Industry Freight transportation arrangement
Sub-IndustryAir Freight & Logistics
SectorTransportation
Current SymbolNASDAQ:FWRD
CUSIP34985310
Phone423-636-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.41 billion
Cash Flow$4.59 per share
Book Value$20.49 per share

Profitability

Net Income$87.10 million

Miscellaneous

Employees5,480
Market Cap$1.39 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Forward Air (NASDAQ:FWRD) Frequently Asked Questions

How has Forward Air's stock been impacted by COVID-19 (Coronavirus)?

Forward Air's stock was trading at $50.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FWRD stock has decreased by 1.3% and is now trading at $49.76. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Forward Air?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Forward Air.

When is Forward Air's next earnings date?

Forward Air is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Forward Air.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) released its earnings results on Thursday, April, 30th. The transportation company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.41 by $0.11. The transportation company had revenue of $342.50 million for the quarter, compared to analyst estimates of $341.30 million. Forward Air had a net margin of 5.38% and a return on equity of 14.38%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. View Forward Air's earnings history.

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

Forward Air declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 25th will be paid a dividend of $0.18 per share on Wednesday, June 10th. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, May 21st. View Forward Air's dividend history.

What price target have analysts set for FWRD?

2 brokerages have issued 1 year target prices for Forward Air's shares. Their forecasts range from $54.00 to $76.00. On average, they expect Forward Air's stock price to reach $65.00 in the next twelve months. This suggests a possible upside of 30.6% from the stock's current price. View analysts' price targets for Forward Air.

Has Forward Air been receiving favorable news coverage?

News articles about FWRD stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Forward Air earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned press coverage about the transportation company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutForward Air.

Are investors shorting Forward Air?

Forward Air saw a drop in short interest in May. As of May 15th, there was short interest totaling 609,500 shares, a drop of 12.2% from the April 30th total of 693,800 shares. Based on an average daily volume of 196,400 shares, the short-interest ratio is currently 3.1 days. Approximately 2.2% of the company's stock are short sold. View Forward Air's Current Options Chain.

Who are some of Forward Air's key 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 Verizon Communications (VZ), AT&T (T), CVS Health (CVS), Walt Disney (DIS), Pfizer (PFE), AbbVie (ABBV), Applied Materials (AMAT), Cisco Systems (CSCO), Ford Motor (F) and Exxon Mobil (XOM).

Who are Forward Air's key executives?

Forward Air's management team includes the following people:
  • Mr. Bruce A. Campbell, Exec. Chairman (Age 67)
  • Mr. Thomas Schmitt, CEO, Pres & Director (Age 54)
  • Mr. Michael Joseph Morris, CFO, Principal Accounting Officer, Sr. VP & Treasurer (Age 50)
  • Mr. Chris C. Ruble, Chief Operating Officer (Age 56)
  • Mr. Michael L. Hance, Sr. VP, Chief Legal Officer & Sec. (Age 47)

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 investors include BlackRock Inc. (14.39%), ArrowMark Colorado Holdings LLC (4.47%), Wellington Management Group LLP (4.14%), Silvercrest Asset Management Group LLC (3.72%), Victory Capital Management Inc. (3.60%) and Victory Capital Management Inc. (3.61%). Company insiders that own Forward Air stock include Bruce A Campbell, Chris C Ruble, George M Lynch, Glenn A Adelaar, Matthew J Jewell and Michael L Hance. View institutional ownership trends for Forward Air.

Which institutional investors are selling Forward Air stock?

FWRD stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., APG Asset Management N.V., APG Asset Management N.V., First Trust Advisors LP, Tributary Capital Management LLC, and APG Asset Management N.V.. View insider buying and selling activity for Forward Air.

Which institutional investors are buying Forward Air stock?

FWRD stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Wellington Management Group LLP, Atlanta Capital Management Co. L L C, ArrowMark Colorado Holdings LLC, SG Americas Securities LLC, Boston Trust Walden Corp, and State Street Corp. View insider buying and selling activity for Forward Air.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Forward Air's stock price today?

One share of FWRD stock can currently be purchased for approximately $49.76.

How big of a company is Forward Air?

Forward Air has a market capitalization of $1.39 billion and generates $1.41 billion in revenue each year. The transportation company earns $87.10 million in net income (profit) each year or $3.04 on an earnings per share basis. Forward Air employs 5,480 workers across the globe.

What is Forward Air's official website?

The official website for Forward Air is www.forwardair.com.

How can I contact Forward Air?

Forward Air's mailing address is 1915 SNAPPS FERRY ROAD BUILDING N, GREENEVILLE TN, 37744. The transportation company can be reached via phone at 423-636-7000 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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