NASDAQ:FWRD Forward Air Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Forward Air Co. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $57.07 -1.73 (-2.94 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$56.23Now: $57.07▼$59.0050-Day Range$51.99MA: $57.46▼$60.7952-Week Range$39.59Now: $57.07▼$72.09Volume493,032 shsAverage Volume166,975 shsMarket Capitalization$1.60 billionP/E Ratio27.98Dividend Yield1.22%Beta1.2 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 1.0 Analyst's Opinion Consensus RatingForward Air has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $60.67, Forward Air has a forecasted upside of 6.3% from its current price of $57.07.Amount of Analyst CoverageForward Air has only been the subject of 1 research reports in the past 90 days. Previous Next 1.9 Community Rank Outperform VotesForward Air has received 291 “outperform” votes. (Add your “outperform” vote.)Underperform VotesForward Air has received 460 “underperform” votes. (Add your “underperform” vote.)Community SentimentForward Air has received 61.25% “underperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend YieldForward Air has a dividend yield of 1.22%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthForward Air has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Forward Air is 23.68%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Forward Air will have a dividend payout ratio of 27.80% next year. This indicates that Forward Air will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Forward Air insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $844,550.00 in company stock.Percentage Held by InsidersOnly 1.50% of the stock of Forward Air is held by insiders.Percentage Held by Institutions95.00% of the stock of Forward Air is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Forward Air are expected to grow by 56.02% in the coming year, from $1.66 to $2.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Forward Air is 27.98, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Forward Air is 27.98, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 18.79.Price to Book Value per Share RatioForward Air has a P/B Ratio of 2.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NASDAQ Industry Freight transportation arrangement Sub-IndustryAir Freight & Logistics SectorTransportation Current SymbolNASDAQ:FWRD Previous Symbol CUSIP34985310 CIK912728 Webwww.forwardair.com Phone423-636-7000Debt Debt-to-Equity Ratio0.24 Current Ratio1.68 Quick Ratio1.68Price-To-Earnings Trailing P/E Ratio27.98 Forward P/E Ratio34.38 P/E GrowthN/A Sales & Book Value Annual Sales$1.41 billion Price / Sales1.13 Cash Flow$4.53 per share Price / Cash Flow12.60 Book Value$20.49 per share Price / Book2.79Profitability EPS (Most Recent Fiscal Year)$3.04 Net Income$87.10 million Net Margins4.23% Return on Equity11.27% Return on Assets6.22%Miscellaneous Employees5,480 Outstanding Shares27,981,000Market Cap$1.60 billion Next Earnings Date10/22/2020 (Estimated) OptionableOptionable $57.07 -1.73 (-2.94 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive FWRD News and Ratings via Email Sign-up to receive the latest news and ratings for FWRD and its competitors with MarketBeat's FREE daily newsletter. 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? Some companies that are related to Forward Air include United Parcel Service (UPS), FedEx (FDX), Expeditors International of Washington (EXPD), C.H. Robinson Worldwide (CHRW), XPO Logistics (XPO), Hub Group (HUBG), Atlas Air Worldwide (AAWW), Air Transport Services Group (ATSG), Echo Global Logistics (ECHO) and Park-Ohio (PKOH). View all 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 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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