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Forward Air Stock Forecast, Price & News

-1.73 (-2.94 %)
(As of 09/18/2020 12:00 AM ET)
Today's Range
Now: $57.07
50-Day Range
MA: $57.46
52-Week Range
Now: $57.07
Volume493,032 shs
Average Volume166,975 shs
Market Capitalization$1.60 billion
P/E Ratio27.98
Dividend Yield1.22%
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



Sales & Book Value

Annual Sales$1.41 billion
Cash Flow$4.53 per share
Book Value$20.49 per share


Net Income$87.10 million


Market Cap$1.60 billion
Next Earnings Date10/22/2020 (Estimated)
-1.73 (-2.94 %)
(As of 09/18/2020 12:00 AM 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 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. Since then, FWRD shares have increased by 13.2% and is now trading at $57.07.
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 quarterly earnings data 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 had revenue of $281.68 million for the quarter, compared to the consensus estimate of $276.98 million. Forward Air had a net margin of 4.23% and a return on equity of 11.27%.
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. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date 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 EPS estimate of $0.51.

What price target have analysts set for FWRD?

2 equities research analysts have issued 12 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 6.3% from the stock's current price.
View analysts' price targets for Forward Air

Are investors shorting Forward Air?

Forward Air saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 448,100 shares, an increase of 15.1% from the July 30th total of 389,400 shares. Based on an average daily volume of 164,700 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.6% of the shares of the company are sold short.
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 Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Carnival (CCL), Dominion Energy (D), AT&T (T), Automatic Data Processing (ADP), Albemarle (ALB), CenterPoint Energy (CNP) and CVS Health (CVS).

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 Vanguard Group Inc. (10.46%), ArrowMark Colorado Holdings LLC (4.78%), Neuberger Berman Group LLC (4.34%), Silvercrest Asset Management Group LLC (3.82%), Victory Capital Management Inc. (3.68%) and Bank of New York Mellon Corp (1.28%). Company insiders that own Forward Air stock include Bruce A Campbell, Chris C Ruble, George M Lynch, Glenn A Adelaar, Kyle R Mitchin, 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, FMR LLC, APG Asset Management N.V., Vanguard Group Inc., First Trust Advisors LP, and Prudential Financial Inc.. Company insiders that have sold Forward Air company stock in the last year include Kyle R Mitchin, 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 bought by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Ancora Advisors LLC, Neuberger Berman Group LLC, Bessemer Group Inc., Assenagon Asset Management S.A., UBS Group AG, Boston Trust Walden Corp, and Silvercrest Asset Management Group LLC.
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 $57.07.

How big of a company is Forward Air?

Forward Air has a market capitalization of $1.60 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 9/20/2020 by MarketBeat.com Staff

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