Forward Air - FWRD Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last twelve months. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FWRD shares.
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8 Wall Street research analysts have issued 12-month target prices for Forward Air's stock. Their FWRD share price forecasts range from $125.00 to $165.00. On average, they expect the company's share price to reach $137.83 in the next year. This suggests a possible upside of 26.3% from the stock's current price.
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Forward Air's stock was trading at $121.09 at the beginning of the year. Since then, FWRD shares have decreased by 9.9% and is now trading at $109.09.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings results on Wednesday, July, 27th. The transportation company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.02. The transportation company earned $515.22 million during the quarter, compared to analyst estimates of $515.72 million. Forward Air had a net margin of 8.71% and a trailing twelve-month return on equity of 27.62%. The firm's revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 EPS.

Forward Air declared a quarterly dividend on Wednesday, July 27th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.24 per share on Thursday, September 8th. This represents a $0.96 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th.
Read our dividend analysis for FWRD.

Forward Air (NASDAQ:FWRD) pays an annual dividend of $0.96 per share and currently has a dividend yield of 0.88%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 13.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FWRD.

Forward Air updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $1.88-$1.92 for the period, compared to the consensus earnings per share estimate of $1.64. The company issued revenue guidance of $503.55 million-$520.34 million, compared to the consensus revenue estimate of $489.13 million.

63 employees have rated Forward Air Chief Executive Officer Bruce A. Campbell on Glassdoor.com. Bruce A. Campbell has an approval rating of 54% among the company's employees. This puts Bruce A. Campbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Forward Air investors own include Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Albemarle (ALB), Carnival Co. & (CCL), Dominion Energy (D), Eastman Chemical (EMN), International Paper (IP), Phillips 66 (PSX) and Skyworks Solutions (SWKS).

Forward Air trades on the NASDAQ under the ticker symbol "FWRD."

Forward Air's stock is owned by a variety of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (4.11%), State Street Corp (3.76%), Royce & Associates LP (3.28%), Thrivent Financial for Lutherans (2.66%), Victory Capital Management Inc. (2.41%) and Northern Trust Corp (1.35%). Insiders that own company stock include C Robert Campbell, Chris C Ruble, George M Lynch, George S Mayes Jr, Glenn A Adelaar, Javier Polit, Kyle R Mitchin, Matthew J Jewell, Michael Joseph Morris, Michael L Hance and Pharmaceutical Co Ltd Takeda.
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Shares of FWRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FWRD stock can currently be purchased for approximately $109.09.

Forward Air (NASDAQ:FWRD) has a market capitalization of $2.93 billion and generates $1.66 billion in revenue each year. The transportation company earns $105.86 million in net income (profit) each year or $5.95 on an earnings per share basis.

The company employs 4,327 workers across the globe.

Forward Air's mailing address is 1915 SNAPPS FERRY ROAD BUILDING N, GREENEVILLE TN, 37744. The official website for the company is www.forwardair.com. The transportation company can be reached via phone at (423) 636-7000, via email at investorrelations@forwardair.com, or via fax at 423-783-9019.