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NASDAQ:FWRDForward Air Stock Price, Forecast & News

$48.13
-0.11 (-0.23 %)
(As of 07/13/2020 04:00 PM ET)
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Compare
Today's Range
$47.85
Now: $48.13
$49.08
50-Day Range
$45.60
MA: $49.06
$54.12
52-Week Range
$39.59
Now: $48.13
$72.09
Volume4,501 shs
Average Volume134,071 shs
Market Capitalization$1.35 billion
P/E Ratio17.76
Dividend Yield1.49%
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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Forward Air logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 1.9Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 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$4.58 per share
Book Value$20.49 per share

Profitability

Net Income$87.10 million

Miscellaneous

Employees5,480
Market Cap$1.35 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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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 reached pandemic status according to the World Health Organization. Since then, FWRD stock has decreased by 4.5% and is now trading at $48.13. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Forward Air?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. There are currently 1 hold rating 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, July 23rd 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, April, 30th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.11. The transportation company earned $342.50 million during the quarter, compared to analyst estimates of $341.30 million. Forward Air had a return on equity of 14.38% and a net margin of 5.38%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. 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 Wednesday, April 29th. Shareholders of record on Monday, May 25th will be given a dividend of $0.18 per share on Wednesday, June 10th. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, May 21st. View Forward Air's dividend history.

What price target have analysts set for FWRD?

1 brokers have issued twelve-month target prices for Forward Air's stock. Their forecasts range from $54.00 to $76.00. On average, they anticipate Forward Air's stock price to reach $65.00 in the next year. This suggests a possible upside of 35.1% from the stock's current price. View analysts' price targets for Forward Air.

Has Forward Air been receiving favorable news coverage?

News articles about FWRD stock have trended very negative on Monday, according to InfoTrie. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Forward Air earned a daily sentiment score of -3.2 on InfoTrie's scale. They also gave press coverage about the transportation company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Forward Air.

Are investors shorting Forward Air?

Forward Air saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 577,700 shares, an increase of 16.1% from the June 15th total of 497,700 shares. Based on an average daily trading volume, of 175,800 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.1% of the company's shares are sold short. View Forward Air's Current Options Chain.

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), Walt Disney (DIS), Pfizer (PFE), AbbVie (ABBV), Applied Materials (AMAT), Cisco Systems (CSCO), Ford Motor (F) and Exxon Mobil (XOM).

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 investors include Dalton Greiner Hartman Maher & Co. (0.72%), Confluence Investment Management LLC (0.30%), Envestnet Asset Management Inc. (0.12%), Private Trust Co. NA (0.04%) and Ellevest Inc. (0.00%). Company insiders that own Forward Air stock include Bruce A Campbell, Chris C Ruble, George M Lynch, Glenn A Adelaar and Matthew J Jewell. 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 Envestnet Asset Management Inc., and Confluence Investment Management LLC. View insider buying and selling activity for Forward Air.

Which major investors are buying Forward Air stock?

FWRD stock was acquired by a variety of institutional investors in the last quarter, including Private Trust Co. NA, Dalton Greiner Hartman Maher & Co., and Ellevest 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 $48.13.

How big of a company is Forward Air?

Forward Air has a market capitalization of $1.35 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 7/13/2020 by MarketBeat.com Staff

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