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, 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Freight transportation arrangement
Sub-IndustryAir Freight & Logistics
SectorTransportation
Current SymbolNASDAQ:FWRD
Previous Symbol
CUSIP34985310
Phone423-636-7000
Debt
Debt-to-Equity Ratio0.07
Current Ratio2.66
Quick Ratio2.66
Price-To-Earnings
Trailing P/E Ratio26.03
Forward P/E Ratio20.32
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.10 billion
Price / Sales1.63
Cash Flow$3.7143 per share
Price / Cash16.52
Book Value$17.92 per share
Price / Book3.42
Profitability
EPS (Most Recent Fiscal Year)$2.36
Net Income$87.32 million
Net Margins7.85%
Return on Equity15.63%
Return on Assets11.87%
Miscellaneous
Employees4,898
Outstanding Shares29,200,000
Market Cap$1.83 billion
OptionableOptionable
Forward Air (NASDAQ:FWRD) Frequently Asked Questions
What is Forward Air's stock symbol?
Forward Air trades on the NASDAQ under the ticker symbol "FWRD."
How often does Forward Air pay dividends? What is the dividend yield for Forward Air?
Forward Air announced a quarterly dividend on Thursday, October 25th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.18 per share on Friday, December 7th. This represents a $0.72 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 21st. This is a boost from Forward Air's previous quarterly dividend of $0.15. View Forward Air's Dividend History.
How were Forward Air's earnings last quarter?
Forward Air Co. (NASDAQ:FWRD) posted its earnings results on Wednesday, October, 24th. The transportation company reported $0.80 EPS for the quarter, meeting analysts' consensus estimates of $0.80. The transportation company had revenue of $331.38 million for the quarter, compared to analysts' expectations of $327.81 million. Forward Air had a return on equity of 15.63% and a net margin of 7.85%. View Forward Air's Earnings History.
When is Forward Air's next earnings date?
What guidance has Forward Air issued on next quarter's earnings?
Forward Air updated its fourth quarter earnings guidance on Wednesday, October, 24th. The company provided earnings per share guidance of $0.81-0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.90. The company issued revenue guidance of $340-352 million (+11-15% y/y), compared to the consensus revenue estimate of $354.20 million.Forward Air also updated its guidance to EPS.
What price target have analysts set for FWRD?
3 analysts have issued 1-year price targets for Forward Air's shares. Their predictions range from $67.00 to $73.00. On average, they expect Forward Air's stock price to reach $69.3333 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price. View Analyst Price Targets for Forward Air.
What is the consensus analysts' recommendation for Forward Air?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Forward Air.
Has Forward Air been receiving favorable news coverage?
Media stories about FWRD stock have trended negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Forward Air earned a daily sentiment score of -2.4 on InfoTrie's scale. They also assigned media stories about the transportation company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.
Who are some of Forward Air's key competitors?
Who are Forward Air's key executives?
Forward Air's management team includes the folowing people:
- Mr. Bruce A. Campbell, Exec. Chairman (Age 66)
- Mr. Michael Joseph Morris, CFO, Principal Accounting Officer, Sr. VP & Treasurer (Age 49)
- Mr. Chris C. Ruble, Chief Operating Officer (Age 55)
- Mr. Michael L. Hance, Sr. VP, Chief Legal Officer & Sec. (Age 46)
- Mr. Matthew J. Jewell, Pres of Intermodal Services (Age 52)
Who are Forward Air's major shareholders?
Forward Air's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.38%), Neuberger Berman Group LLC (4.58%), Dimensional Fund Advisors LP (4.42%), Victory Capital Management Inc. (4.08%), Royce & Associates LP (3.23%) and Atlanta Capital Management Co. L L C (2.18%). Company insiders that own Forward Air stock include Bruce A Campbell, C Robert Campbell, Chris C Ruble, Craig A Drum, George M Lynch, Glenn A Adelaar, Matthew J Jewell, Michael L Hance, Michael P Mclean and Rodney L Bell. 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 Tributary Capital Management LLC, Russell Investments Group Ltd., Acadian Asset Management LLC, River Road Asset Management LLC, Neuberger Berman Group LLC, JPMorgan Chase & Co., JPMorgan Chase & Co. and Comerica Bank. Company insiders that have sold Forward Air company stock in the last year include Bruce A Campbell, Chris C Ruble, George M Lynch, Glenn A Adelaar, Matthew J Jewell and Michael L Hance. View Insider Buying and Selling for Forward Air.
Which institutional investors are buying Forward Air stock?
FWRD stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Victory Capital Management Inc., BlackRock Inc., Prudential Financial Inc., Dalton Greiner Hartman Maher & Co., Assenagon Asset Management S.A., EAM Investors LLC and GSA Capital Partners LLP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Forward Air's stock price today?
One share of FWRD stock can currently be purchased for approximately $61.36.
How big of a company is Forward Air?
Forward Air has a market capitalization of $1.83 billion and generates $1.10 billion in revenue each year. The transportation company earns $87.32 million in net income (profit) each year or $2.36 on an earnings per share basis. Forward Air employs 4,898 workers across the globe.
What is Forward Air's official website?
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]
MarketBeat Community Rating for Forward Air (NASDAQ FWRD)
MarketBeat's community ratings are surveys of what our community members think about Forward Air and other stocks. Vote "Outperform" if you believe FWRD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FWRD will underperform the S&P 500 over the long term. You may vote once every thirty days.
