Forward Air Corporation Company Profile (NASDAQ:FWRD)

About Forward Air Corporation (NASDAQ:FWRD)

Forward Air Corporation logoForward Air Corporation is a freight and logistics company. The Company provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The Company's segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution. Expedited LTL segment provides expedited regional, inter-regional and national LTL services. TLS segment is a provider of transportation management services, including, but not limited to, expedited truckload brokerage, fleet services, as well as security and temperature-controlled logistics services in the United States and Canada. Intermodal offers first- and last-mile transportation of freight both to and from seaports and railheads through fleet and third party transportation providers. Pool distribution involves managing high-frequency handling and distribution of time-sensitive product to numerous destinations in specific geographic regions.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Air Freight & Logistics
  • Sub-Industry: Air Freight & Logistics
  • Symbol: NASDAQ:FWRD
  • CUSIP: 34985310
  • Web:
  • Market Cap: $1.77243 billion
  • Outstanding Shares: 30,297,000
Average Prices:
  • 50 Day Moving Avg: $56.13
  • 200 Day Moving Avg: $52.83
  • 52 Week Range: $40.07 - $59.97
  • Trailing P/E Ratio: 30.39
  • Foreward P/E Ratio: 22.10
  • P/E Growth: 1.96
Sales & Book Value:
  • Annual Revenue: $1.03 billion
  • Price / Sales: 1.71
  • Book Value: $17.25 per share
  • Price / Book: 3.37
  • Annual Dividend: $0.60
  • Dividend Yield: 1.0%
  • EBITDA: $144.42 million
  • Net Margins: 5.68%
  • Return on Equity: 13.31%
  • Return on Assets: 10.40%
  • Debt-to-Equity Ratio: 0.04%
  • Current Ratio: 2.71%
  • Quick Ratio: 2.71%
  • Average Volume: 143,265 shs.
  • Beta: 1.12
  • Short Ratio: 4.02

Frequently Asked Questions for Forward Air Corporation (NASDAQ:FWRD)

What is Forward Air Corporation's stock symbol?

Forward Air Corporation trades on the NASDAQ under the ticker symbol "FWRD."

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

Forward Air Corporation announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, August 25th will be given a dividend of $0.15 per share on Friday, September 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 23rd. View Forward Air Corporation's Dividend History.

How were Forward Air Corporation's earnings last quarter?

Forward Air Corporation (NASDAQ:FWRD) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.58 by $0.06. The company had revenue of $267.50 million for the quarter, compared to the consensus estimate of $256.98 million. Forward Air Corporation had a return on equity of 13.31% and a net margin of 5.68%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. View Forward Air Corporation's Earnings History.

When will Forward Air Corporation make its next earnings announcement?

Forward Air Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Forward Air Corporation.

What guidance has Forward Air Corporation issued on next quarter's earnings?

Forward Air Corporation issued an update on its third quarter earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $0.56-0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59. The company issued revenue guidance of +9-13% to ~$272.0-282.0, compared to the consensus revenue estimate of $272.77 million.

Where is Forward Air Corporation's stock going? Where will Forward Air Corporation's stock price be in 2017?

6 equities research analysts have issued 12 month target prices for Forward Air Corporation's shares. Their forecasts range from $47.00 to $60.00. On average, they expect Forward Air Corporation's share price to reach $52.67 in the next year. View Analyst Ratings for Forward Air Corporation.

What are analysts saying about Forward Air Corporation stock?

Here are some recent quotes from research analysts about Forward Air Corporation stock:

  • 1. According to Zacks Investment Research, "Forward Air Corporation is a high-service level truckload carrier and contractor to the air cargo industry. The company provides scheduled trucking services to air freight forwarders, fully integrated air cargo carriers and domestic and international airlines through its Forward Air operations. Through its truckload operations, the company provides short- to medium-haul delivery to the high-service segment of the general commodities truckload market. " (8/1/2017)
  • 2. Seaport Global Securities analysts commented, "We are initiating coverage of Forward Air Corporation (FWRD) with a Neutral rating. The company provides time-definite transportation services to the North American deferred air freight market (an air cargo trucker if you will). As a wholesaler, Forward Air markets its services to intermediaries, not to the end shipper, which makes the company somewhat unique in the world of transportation. Long term, we believe FWRD is well positioned for growth, but in the meantime, we find its valuation closer to fair, but certainly not full, given FWRD's impressive track record of execution." (3/2/2017)

Who are some of Forward Air Corporation's key competitors?

Who are Forward Air Corporation's key executives?

Forward Air Corporation's management team includes the folowing people:

  • Bruce A. Campbell, Chairman of the Board, President, Chief Executive Officer
  • Michael Joseph Morris, Chief Financial Officer, Senior Vice President, Treasurer
  • Matthew Jude Jewell, President – Logistics Services
  • Chris C. Ruble, President – Expedited Services
  • Craig A. Drum, Senior Vice President - Sales
  • Michael L. Hance, Senior Vice President, Secretary and Chief Legal Officer
  • Thomas S. Albrecht, Director
  • Ana B. Amicarella, Director
  • Javier Alberto Palomarez, Director
  • Ronald W. Allen, Independent Director

Who owns Forward Air Corporation stock?

Forward Air Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (1.21%), Profit Investment Management LLC (0.13%), APG Asset Management N.V. (0.03%), BB&T Corp (0.01%) and Meeder Asset Management Inc. (0.01%). Company insiders that own Forward Air Corporation stock include Bruce A Campbell, C Robert Campbell, Chris C Ruble, Craig A Drum, George M Lynch, Matthew J Jewell, Michael L Hance, Michael P Mclean and Rodney L Bell. View Institutional Ownership Trends for Forward Air Corporation.

Who sold Forward Air Corporation stock? Who is selling Forward Air Corporation stock?

Forward Air Corporation's stock was sold by a variety of institutional investors in the last quarter, including Profit Investment Management LLC and Tributary Capital Management LLC. Company insiders that have sold Forward Air Corporation stock in the last year include Bruce A Campbell, C Robert Campbell, Chris C Ruble, Craig A Drum, Matthew J Jewell, Michael L Hance, Michael P Mclean and Rodney L Bell. View Insider Buying and Selling for Forward Air Corporation.

Who bought Forward Air Corporation stock? Who is buying Forward Air Corporation stock?

Forward Air Corporation's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., BB&T Corp and Meeder Asset Management Inc.. View Insider Buying and Selling for Forward Air Corporation.

How do I buy Forward Air Corporation stock?

Shares of Forward Air Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Forward Air Corporation's stock price today?

One share of Forward Air Corporation stock can currently be purchased for approximately $58.11.

MarketBeat Community Rating for Forward Air Corporation (NASDAQ FWRD)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  112 (Vote Outperform)
Underperform Votes:  230 (Vote Underperform)
Total Votes:  342
MarketBeat's community ratings are surveys of what our community members think about Forward Air Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Forward Air Corporation (NASDAQ:FWRD) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $52.67 (9.37% downside)
Consensus Price Target History for Forward Air Corporation (NASDAQ:FWRD)
Price Target History for Forward Air Corporation (NASDAQ:FWRD)
Analysts' Ratings History for Forward Air Corporation (NASDAQ:FWRD)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017Robert W. BairdReiterated RatingHold$60.00N/AView Rating Details
9/22/2017KeyCorpReiterated RatingHoldLowView Rating Details
8/10/2017Cowen and CompanyReiterated RatingHold$51.00LowView Rating Details
8/1/2017Wolfe ResearchDowngradeOutperform -> Market PerformLowView Rating Details
4/28/2017Stifel NicolausBoost Price TargetHold$46.00 -> $47.00LowView Rating Details
3/2/2017Seaport Global SecuritiesInitiated CoverageNeutral -> NeutralN/AView Rating Details
7/12/2016BB&T CorporationDowngradeBuy -> HoldN/AView Rating Details
5/24/2016Royal Bank Of CanadaUpgradeSector Perform -> Outperform$50.00 -> $52.00N/AView Rating Details
2/11/2016StephensReiterated RatingBuyN/AView Rating Details
(Data available from 10/24/2015 forward)


Earnings History for Forward Air Corporation (NASDAQ:FWRD)
Earnings by Quarter for Forward Air Corporation (NASDAQ:FWRD)
Earnings History by Quarter for Forward Air Corporation (NASDAQ FWRD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$0.60N/AView Earnings Details
7/26/2017Q2 2017$0.58$0.64$256.98 million$267.50 millionViewN/AView Earnings Details
4/26/2017Q1 2017$0.41$0.47$239.47 million$246.98 millionViewN/AView Earnings Details
2/8/2017Q416$0.55$0.58$256.53 million$264.80 millionViewListenView Earnings Details
10/20/2016Q316$0.51$0.51$250.36 million$249.60 millionViewListenView Earnings Details
7/21/2016Q216$0.58$0.57$247.86 million$238.60 millionViewListenView Earnings Details
4/21/2016Q116$0.43$0.43$228.13 million$229.50 millionViewListenView Earnings Details
2/9/2016Q415$0.64$0.75$258.40 million$256.40 millionViewListenView Earnings Details
10/21/2015Q315$0.59$0.58$249.44 million$247.10 millionViewListenView Earnings Details
7/21/2015Q215$0.61$0.51$249.27 million$249.70 millionViewListenView Earnings Details
4/21/2015Q115$0.40$0.40$199.89 million$205.90 millionViewListenView Earnings Details
2/10/2015Q414$0.56$0.55$210.09 million$214.00 millionViewListenView Earnings Details
10/23/2014Q314$0.59$0.54$205.00 million$201.50 millionViewListenView Earnings Details
7/22/2014Q214$0.55$0.55$197.42 million$193.90 millionViewListenView Earnings Details
4/21/2014Q114$0.38$0.33$171.66 million$171.60 millionViewListenView Earnings Details
2/11/2014Q413$0.55$0.50$183.45 million$181.30 millionViewListenView Earnings Details
10/22/2013Q313$0.46$0.46$162.10 million$170.00 millionViewListenView Earnings Details
7/18/2013Q2 2013$0.53$0.45$169.09 million$159.80 millionViewListenView Earnings Details
4/18/2013Q1 2013$0.39$0.36$148.74 million$141.60 millionViewListenView Earnings Details
2/11/2013Q4 2012$0.50$0.54$157.98 million$155.50 millionViewListenView Earnings Details
10/18/2012$0.40$0.41ViewN/AView Earnings Details
7/19/2012$0.46$0.48ViewN/AView Earnings Details
4/19/2012$0.34$0.35ViewN/AView Earnings Details
2/7/2012$0.50$0.50ViewN/AView Earnings Details
10/19/2011$0.40$0.44ViewN/AView Earnings Details
7/20/2011$0.37$0.40ViewN/AView Earnings Details
4/20/2011$0.23$0.27ViewN/AView Earnings Details
2/14/2011$0.37$0.41ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Forward Air Corporation (NASDAQ:FWRD)
2017 EPS Consensus Estimate: $2.28
2018 EPS Consensus Estimate: $2.65
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.40$0.40$0.40
Q2 20172$0.57$0.59$0.58
Q3 20172$0.58$0.62$0.60
Q4 20172$0.66$0.73$0.70
Q1 20181$0.51$0.51$0.51
Q2 20181$0.69$0.69$0.69
Q3 20181$0.71$0.71$0.71
Q4 20181$0.74$0.74$0.74
(Data provided by Zacks Investment Research)


Current Dividend Information for Forward Air Corporation (NASDAQ:FWRD)
Most Recent Dividend:9/8/2017
Annual Dividend:$0.60
Dividend Yield:1.03%
Payout Ratio:31.25% (Trailing 12 Months of Earnings)
25.53% (Based on This Year's Estimates)
22.81% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Forward Air Corporation (NASDAQ:FWRD)

Dividend History by Quarter for Forward Air Corporation (NASDAQ FWRD)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Forward Air Corporation (NASDAQ:FWRD)
Insider Ownership Percentage: 2.40%
Institutional Ownership Percentage: 96.16%
Insider Trades by Quarter for Forward Air Corporation (NASDAQ:FWRD)
Institutional Ownership by Quarter for Forward Air Corporation (NASDAQ:FWRD)
Insider Trades by Quarter for Forward Air Corporation (NASDAQ:FWRD)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/22/2017Michael P McleanInsiderSell4,984$54.82$273,222.88View SEC Filing  
8/4/2017Michael P McleanCAOSell15,718$51.05$802,403.90View SEC Filing  
7/31/2017Michael P McleanCAOSell2,495$52.00$129,740.00View SEC Filing  
6/12/2017C Robert CampbellDirectorSell3,000$53.58$160,740.00View SEC Filing  
6/8/2017C Robert CampbellDirectorSell1,718$52.99$91,036.82View SEC Filing  
5/30/2017Bruce A CampbellChairmanSell8,038$52.20$419,583.60View SEC Filing  
5/26/2017Bruce A CampbellChairmanSell20,529$51.64$1,060,117.56View SEC Filing  
5/25/2017Michael P McleanCAOSell3,333$52.00$173,316.00View SEC Filing  
5/16/2017Bruce A CampbellChairmanSell464$52.00$24,128.00View SEC Filing  
5/12/2017Michael P McleanCAOSell3,333$50.33$167,749.89View SEC Filing  
5/8/2017Michael L HanceVPSell6,666$51.30$341,965.80View SEC Filing  
5/3/2017Bruce A CampbellChairmanSell7,686$52.46$403,207.56View SEC Filing  
5/3/2017Chris C RubleInsiderSell9,995$52.50$524,737.50View SEC Filing  
5/2/2017Matthew J JewellInsiderSell12,222$52.51$641,777.22View SEC Filing  
3/7/2017Craig A DrumInsiderSell557$47.79$26,619.03View SEC Filing  
12/15/2016Rodney L BellInsiderSell21,640$48.31$1,045,428.40View SEC Filing  
12/14/2016C Robert CampbellDirectorSell4,000$47.78$191,120.00View SEC Filing  
8/31/2016Michael P McleanCAOSell14,779$46.01$679,981.79View SEC Filing  
8/24/2016Bruce A CampbellChairmanSell80,000$46.50$3,720,000.00View SEC Filing  
8/24/2016Michael P McleanCAOSell221$47.01$10,389.21View SEC Filing  
8/23/2016Michael P McleanCAOSell10,300$46.00$473,800.00View SEC Filing  
8/23/2016Rodney L BellInsiderSell18,576$46.01$854,681.76View SEC Filing  
8/19/2016Michael P McleanCAOSell4,700$46.00$216,200.00View SEC Filing  
8/18/2016Michael P McleanCAOSell5,493$45.75$251,304.75View SEC Filing  
8/8/2016Bruce A CampbellChairmanSell10,000$47.00$470,000.00View SEC Filing  
8/8/2016Michael P McleanCAOSell507$47.02$23,839.14View SEC Filing  
8/8/2016Rodney L BellInsiderSell1,200$47.01$56,412.00View SEC Filing  
8/5/2016Bruce A CampbellChairmanSell10,000$47.00$470,000.00View SEC Filing  
8/5/2016Rodney L BellInsiderSell20,685$47.00$972,195.00View SEC Filing  
8/3/2016Matthew J JewellInsiderSell9,300$46.02$427,986.00View SEC Filing  
8/2/2016Rodney L BellInsiderSell4,967$46.05$228,730.35View SEC Filing  
8/1/2016Matthew J JewellInsiderSell600$46.44$27,864.00View SEC Filing  
7/28/2016Michael L HanceVPSell18,000$46.05$828,900.00View SEC Filing  
7/28/2016Rodney L BellInsiderSell1,050$46.50$48,825.00View SEC Filing  
7/27/2016Rodney L BellInsiderSell10,509$46.74$491,190.66View SEC Filing  
6/3/2016George M LynchDirectorSell2,739$45.00$123,255.00View SEC Filing  
11/20/2015Michael P. McleanCAOSell9,000$48.00$432,000.00View SEC Filing  
11/6/2015Bruce A. CampbellCEOSell91,256$46.01$4,198,688.56View SEC Filing  
6/12/2015Michael L HanceVPSell9,000$54.25$488,250.00View SEC Filing  
6/3/2015Michael P McleanCAOSell8,800$54.00$475,200.00View SEC Filing  
6/3/2015Rodney L BellCFOSell20,000$54.00$1,080,000.00View SEC Filing  
2/25/2015Rodney L BellCFOSell20,600$54.00$1,112,400.00View SEC Filing  
2/24/2015Michael P McleanCAOSell16,900$54.01$912,769.00View SEC Filing  
2/20/2015Chris C RubleVPSell32,900$53.75$1,768,375.00View SEC Filing  
2/20/2015Rodney L BellCFOSell2,523$54.00$136,242.00View SEC Filing  
2/18/2015Craig A DrumSVPSell5,534$53.28$294,851.52View SEC Filing  
2/18/2015Matthew J JewellEVPSell9,293$53.59$498,011.87View SEC Filing  
2/17/2015Chris C RubleVPSell4,700$53.78$252,766.00View SEC Filing  
2/13/2015Chris C RubleVPSell28,924$53.50$1,547,434.00View SEC Filing  
2/13/2015Matthew J JewellEVPSell29,500$53.71$1,584,445.00View SEC Filing  
2/12/2015Bruce A CampbellCEOSell30,000$53.84$1,615,200.00View SEC Filing  
2/12/2015Michael L HanceVPSell9,000$53.95$485,550.00View SEC Filing  
2/10/2015Chris C RubleVPSell39,105$50.62$1,979,495.10View SEC Filing  
2/9/2015Bruce A CampbellCEOSell120,000$50.06$6,007,200.00View SEC Filing  
2/9/2015Matthew J JewellEVPSell4,600$50.23$231,058.00View SEC Filing  
8/15/2014Matthew J JewellEVPSell8,300$46.60$386,780.00View SEC Filing  
8/13/2014Matthew J JewellEVPSell7,100$46.54$330,434.00View SEC Filing  
8/13/2014Michael P McleanCAOSell13,125$46.50$610,312.50View SEC Filing  
8/11/2014Matthew J JewellEVPSell10,000$45.91$459,100.00View SEC Filing  
6/11/2014C John Langley JrDirectorSell7,500$45.03$337,725.00View SEC Filing  
6/6/2014Matthew J JewellEVPSell15,000$45.02$675,300.00View SEC Filing  
6/4/2014Rodney L BellCFOSell22,671$44.50$1,008,859.50View SEC Filing  
5/28/2014Bruce A CampbellCEOSell10,000$44.50$445,000.00View SEC Filing  
5/14/2014George LynchDirectorSell2,481$43.52$107,973.12View SEC Filing  
3/13/2014Chris RubleVPSell4,255$45.03$191,602.65View SEC Filing  
3/11/2014Matthew JewellVPSell14,136$45.00$636,120.00View SEC Filing  
3/10/2014Rodney BellCFOSell38,594$44.83$1,730,169.02View SEC Filing  
3/7/2014Chris RubleVPSell1,165$45.01$52,436.65View SEC Filing  
3/7/2014Michael McleanCAOSell4,375$45.00$196,875.00View SEC Filing  
3/6/2014Bruce CampbellCEOSell24,219$44.51$1,077,987.69View SEC Filing  
3/5/2014Ray MundyDirectorSell5,166$44.05$227,562.30View SEC Filing  
3/4/2014Bruce CampbellCEOSell16,352$44.50$727,664.00View SEC Filing  
2/26/2014Gary PaxtonDirectorSell14,445$43.55$629,079.75View SEC Filing  
2/21/2014Bruce CampbellCEOSell5,000$44.50$222,500.00View SEC Filing  
2/20/2014Bruce CampbellCEOSell34,429$44.65$1,537,254.85View SEC Filing  
2/14/2014Matthew JewellVPSell10,400$45.00$468,000.00View SEC Filing  
2/13/2014Chris RubleVPSell2,254$45.25$101,993.50View SEC Filing  
2/13/2014Craig DrumSVPSell7,557$45.12$340,971.84View SEC Filing  
10/24/2013Chris C RubleVPSell35,000$41.52$1,453,200.00View SEC Filing  
6/14/2013Matthew J JewellVPSell1,900$39.02$74,138.00View SEC Filing  
5/23/2013Michael P McleanCAOSell5,000$39.00$195,000.00View SEC Filing  
5/22/2013George M LynchDirectorSell3,128$39.08$122,242.24View SEC Filing  
5/21/2013Matthew J JewellVPSell40,000$38.93$1,557,200.00View SEC Filing  
5/20/2013Chris C RubleVPSell10,000$39.00$390,000.00View SEC Filing  
5/20/2013Rodney L BellCFOSell20,000$38.91$778,200.00View SEC Filing  
5/17/2013Matthew J JewellVPSell30,000$38.60$1,158,000.00View SEC Filing  
5/17/2013Rodney L BellCFOSell19,700$38.56$759,632.00View SEC Filing  
5/16/2013Bruce A CampbellCEOSell50,000$38.26$1,913,000.00View SEC Filing  
5/15/2013Matthew J JewellVPSell3,660$38.25$139,995.00View SEC Filing  
5/14/2013Bruce A CampbellCEOSell55,164$37.65$2,076,924.60View SEC Filing  
5/10/2013Matthew J JewellVPSell6,340$38.27$242,631.80View SEC Filing  
5/8/2013Craig A DrumSVPSell9,800$38.12$373,576.00View SEC Filing  
3/12/2013Bruce A CampbellCEOSell45,000$37.57$1,690,650.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Forward Air Corporation (NASDAQ:FWRD)
Latest Headlines for Forward Air Corporation (NASDAQ:FWRD)
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Forward Air Corporation (FWRD) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by Staff

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