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NASDAQ:FWRDForward Air Stock Price, Forecast & News

$58.65
+0.14 (+0.24 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$58.05
Now: $58.65
$58.93
50-Day Range
$46.57
MA: $51.09
$59.15
52-Week Range
$39.59
Now: $58.65
$72.09
Volume120,317 shs
Average Volume166,538 shs
Market Capitalization$1.64 billion
P/E Ratio28.75
Dividend Yield1.23%
Beta1.16
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: 1.0Community Rank: 1.9Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.41 billion
Cash Flow$4.74 per share
Book Value$20.49 per share

Profitability

Net Income$87.10 million

Miscellaneous

Employees5,480
Market Cap$1.64 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$58.65
+0.14 (+0.24 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Forward Air (NASDAQ:FWRD) Frequently Asked Questions

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

Forward Air's stock was trading at $50.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FWRD shares have increased by 16.4% and is now trading at $58.65.
View which stocks have been most impacted by COVID-19
.

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 2 hold ratings 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, October 22nd 2020.
View our earnings forecast for Forward Air
.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) announced its earnings results on Thursday, July, 30th. The transportation company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.01. The transportation company earned $281.68 million during the quarter, compared to analysts' expectations of $276.98 million. Forward Air had a return on equity of 11.27% and a net margin of 4.23%.
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 Monday, July 27th. Investors of record on Thursday, August 20th will be paid a dividend of $0.18 per share on Wednesday, September 9th. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, August 19th.
View Forward Air's dividend history
.

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

Forward Air updated its third quarter earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of $0.40-44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.51.

What price target have analysts set for FWRD?

2 Wall Street analysts have issued twelve-month price targets for Forward Air's stock. Their forecasts range from $52.00 to $76.00. On average, they expect Forward Air's share price to reach $60.67 in the next twelve months. This suggests a possible upside of 3.4% from the stock's current price.
View analysts' price targets for Forward Air
.

Has Forward Air been receiving favorable news coverage?

Media coverage about FWRD stock has trended positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Forward Air earned a news impact score of 2.4 on InfoTrie's scale. They also assigned media headlines about the transportation company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about Forward Air
.

Are investors shorting Forward Air?

Forward Air saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 597,100 shares, a decrease of 24.6% from the January 31st total of 792,400 shares. Based on an average trading volume of 121,400 shares, the short-interest ratio is currently 4.9 days. Currently, 2.2% of the company's shares are short sold.
View Forward Air's Short Interest
.

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), AbbVie (ABBV), Applied Materials (AMAT), Bank of America (BAC), Walt Disney (DIS), Pfizer (PFE), Cisco Systems (CSCO) and Intel (INTC).

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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.46%), Silvercrest Asset Management Group LLC (3.82%), Victory Capital Management Inc. (3.68%), Bank of New York Mellon Corp (1.28%), Tributary Capital Management LLC (1.26%) and Boston Trust Walden Corp (1.24%). 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 major investors are selling Forward Air stock?

FWRD stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., SG Americas Securities LLC, FMR LLC, APG Asset Management N.V., Vanguard Group Inc., First Trust Advisors LP, Prudential Financial Inc., and Man Group plc. Company insiders that have sold Forward Air company stock in the last year include Glenn A Adelaar, Matthew J Jewell, and Michael L Hance.
View insider buying and selling activity for Forward Air
.

Which major investors are buying Forward Air stock?

FWRD stock was purchased by a variety of institutional investors in the last quarter, including Ancora Advisors LLC, Bessemer Group Inc., Assenagon Asset Management S.A., UBS Group AG, Boston Trust Walden Corp, Silvercrest Asset Management Group LLC, Victory Capital Management Inc., and Marks Group Wealth Management Inc.
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 $58.65.

How big of a company is Forward Air?

Forward Air has a market capitalization of $1.64 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 8/15/2020 by MarketBeat.com Staff

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