NASDAQ:FWRDForward Air Stock Price, Forecast & News

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 3.1% and is now trading at $48.86. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Forward Air.

Forward Air is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Forward Air.

Forward Air Co. (NASDAQ:FWRD) announced its quarterly earnings results on Thursday, April, 30th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by $0.11. The transportation company had revenue of $342.50 million for the quarter, compared to analysts' expectations of $341.30 million. Forward Air had a net margin of 5.38% and a return on equity of 14.38%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. View Forward Air's earnings history.

Forward Air announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, May 25th will be paid a dividend of $0.18 per share on Wednesday, June 10th. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, May 21st. View Forward Air's dividend history.

2 analysts have issued 12-month target prices for Forward Air's shares. Their forecasts range from $54.00 to $76.00. On average, they expect Forward Air's stock price to reach $65.00 in the next year. This suggests a possible upside of 33.0% from the stock's current price. View analysts' price targets for Forward Air.

Media stories about FWRD stock have trended extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news 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 five, with scores closest to five being the most favorable. Forward Air earned a coverage optimism score of -5.0 on InfoTrie's scale. They also assigned media coverage about the transportation company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutForward Air.

Forward Air saw a drop in short interest in May. As of May 15th, there was short interest totaling 609,500 shares, a drop of 12.2% from the April 30th total of 693,800 shares. Based on an average trading volume of 196,400 shares, the short-interest ratio is presently 3.1 days. Approximately 2.2% of the company's shares are short sold. View Forward Air's Current Options Chain.

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), Air Transport Services Group (ATSG), Atlas Air Worldwide (AAWW), Echo Global Logistics (ECHO) and Park-Ohio (PKOH). View all competitors.

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).

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

Forward Air's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.39%), ArrowMark Colorado Holdings LLC (4.47%), Wellington Management Group LLP (4.14%), Silvercrest Asset Management Group LLC (3.72%), Victory Capital Management Inc. (3.60%) and Victory Capital Management Inc. (3.61%). Company insiders that own Forward Air stock include Bruce A Campbell, Chris C Ruble, George M Lynch, Glenn A Adelaar, Matthew J Jewell and Michael L Hance. View institutional ownership trends for Forward Air.

FWRD stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., APG Asset Management N.V., APG Asset Management N.V., First Trust Advisors LP, Tributary Capital Management LLC, and APG Asset Management N.V.. View insider buying and selling activity for Forward Air.

FWRD stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Wellington Management Group LLP, Atlanta Capital Management Co. L L C, ArrowMark Colorado Holdings LLC, SG Americas Securities LLC, Boston Trust Walden Corp, State Street Corp, and Aviva PLC. View insider buying and selling activity for 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.

One share of FWRD stock can currently be purchased for approximately $48.86.

Forward Air has a market capitalization of $1.37 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.

The official website for Forward Air is www.forwardair.com.

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]