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Wall Street climbs to add more to its strong January
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S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
NASDAQ:FWRD

Forward Air - FWRD Stock Forecast, Price & News

$107.85
+4.10 (+3.95%)
(As of 01/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$104.30
$108.11
50-Day Range
$100.54
$112.37
52-Week Range
$84.04
$117.57
Volume
148,956 shs
Average Volume
151,033 shs
Market Capitalization
$2.87 billion
P/E Ratio
15.36
Dividend Yield
0.91%
Price Target
$129.40

Forward Air MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
20.0% Upside
$129.40 Price Target
Short Interest
Healthy
1.56% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.66mentions of Forward Air in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$753,135 Sold Last Quarter
Proj. Earnings Growth
-4.67%
From $7.50 to $7.15 Per Share

Overall MarketRank

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

2.38 out of 5 stars

Transportation Sector

44th out of 125 stocks

Freight Transportation Arrangement Industry

1st 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

Stifel Nicolaus Keeps Their Buy Rating on Forward Air (FWRD)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Forward Air Announces 2023 General Rate Increase
Forward Air Bottom Line Rises In Q3, Beats estimates
See More Headlines
Receive FWRD Stock News and Ratings via Email

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FWRD Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 12/8 Dividend
11/22/2022
Dividend Payable
12/08/2022
Today
2/01/2023
Next Earnings (Confirmed)
2/08/2023
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
4,327
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$129.40
High Stock Price Forecast
$136.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+20.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$105.86 million
Pretax Margin
12.92%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$6.11 per share
Book Value
$22.02 per share

Miscellaneous

Free Float
26,244,000
Market Cap
$2.87 billion
Optionable
Optionable
Beta
1.16

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?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities 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?

4 Wall Street analysts have issued 12-month price objectives for Forward Air's stock. Their FWRD share price forecasts range from $110.00 to $136.00. On average, they predict the company's share price to reach $129.40 in the next year. This suggests a possible upside of 20.0% 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 start of the year. Since then, FWRD shares have increased by 2.8% and is now trading at $107.85.
View the best growth stocks for 2023 here
.

When is Forward Air's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our FWRD earnings forecast
.

How can I listen to Forward Air's earnings call?

Forward Air will be holding an earnings conference call on Thursday, February 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) announced its quarterly earnings data on Tuesday, October, 26th. The transportation company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The transportation company had revenue of $419.63 million for the quarter, compared to analyst estimates of $423.53 million. Forward Air had a net margin of 9.77% and a trailing twelve-month return on equity of 29.52%. The business's revenue was up 26.4% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share.

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

Forward Air declared a quarterly dividend on Wednesday, October 26th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.24 per share on Thursday, December 8th. This represents a $0.96 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, November 22nd.
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 13.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 13.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FWRD.

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 number of institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (0.99%), Tributary Capital Management LLC (0.71%), Fort Washington Investment Advisors Inc. OH (0.38%), Scout Investments Inc. (0.37%), Assenagon Asset Management S.A. (0.30%) and New York State Teachers Retirement System (0.23%). Insiders that own company stock include C Robert Campbell, Chris C Ruble, George M Lynch, George S Mayes Jr, 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 $107.85.

How much money does Forward Air make?

Forward Air (NASDAQ:FWRD) has a market capitalization of $2.87 billion and generates $1.66 billion in revenue each year. The transportation company earns $105.86 million in net income (profit) each year or $7.02 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 2/1/2023 by MarketBeat.com Staff