NASDAQ:FWRD Forward Air - FWRD Stock Forecast, Price & News Adding Choose a watchlist: 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. $113.09 +2.55 (+2.31%) (As of 02/2/2023 12:00 AM ET) Add Compare Share Share Today's Range$108.34▼$115.1850-Day Range$100.54▼$113.0952-Week Range$84.04▼$117.57Volume150,500 shsAverage Volume151,878 shsMarket Capitalization$3.01 billionP/E Ratio16.11Dividend Yield0.89%Price Target$129.40 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Forward Air MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside14.4% Upside$129.40 Price TargetShort InterestHealthy1.56% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.17Based on 3 Articles This WeekInsider TradingSelling Shares$753,135 Sold Last QuarterProj. Earnings Growth-4.67%From $7.50 to $7.15 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.28 out of 5 starsTransportation Sector46th out of 123 stocksFreight Transportation Arrangement Industry2nd out of 5 stocks 2.4 Analyst's Opinion Consensus RatingForward Air has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $129.40, Forward Air has a forecasted upside of 14.4% from its current price of $113.09.Amount of Analyst CoverageForward Air has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.56% of the float of Forward Air has been sold short.Short Interest Ratio / Days to CoverForward Air has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Forward Air has recently decreased by 13.80%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldForward Air has a dividend yield of 0.89%, 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 13.68%. 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 13.43% next year. This indicates that Forward Air will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FWRD. Previous Next 1.8 News and Social Media Coverage News SentimentForward Air has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.36 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Forward Air this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 2 people have added Forward Air to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 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 $753,135.00 in company stock.Percentage Held by InsidersOnly 1.50% of the stock of Forward Air is held by insiders.Percentage Held by Institutions99.28% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Forward Air are expected to decrease by -4.67% in the coming year, from $7.50 to $7.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Forward Air is 16.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Forward Air is 16.11, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 27.06.Price to Book Value per Share RatioForward Air has a P/B Ratio of 5.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Forward Air (NASDAQ:FWRD) StockForward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL and Intermodal. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.Read More Receive FWRD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Forward Air and its competitors with MarketBeat's FREE daily newsletter. Email Address FWRD Stock News HeadlinesFebruary 2, 2023 | nypost.comTom Brady ‘really looking forward to’ his $375 million Fox futureJanuary 16, 2023 | finance.yahoo.comForward Air Corporation Announces Timing of Fourth Quarter 2022 Earnings Release and Conference CallFebruary 3, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 12, 2023 | markets.businessinsider.comStifel Nicolaus Keeps Their Buy Rating on Forward Air (FWRD)January 12, 2023 | finance.yahoo.comIs Forward Air Corporation's (NASDAQ:FWRD) Stock's Recent Performance A Reflection Of Its Financial Health?January 10, 2023 | finance.yahoo.comForward Air Raises $12,000 for Hope For The Warriors in Veterans Fund Raising CampaignJanuary 4, 2023 | msn.comForward Air to acquire Land Air Express for $56.5MJanuary 4, 2023 | finance.yahoo.comForward Air Corporation Expands LTL Operations with Acquisition of Land Air ExpressFebruary 3, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.December 29, 2022 | finance.yahoo.comForward Air Corporation's (NASDAQ:FWRD) Intrinsic Value Is Potentially 42% Above Its Share PriceDecember 28, 2022 | forbes.comThe Ultimate New Year’s Gift Might Be This Salvaged Hawker Sea Fury Air RacerDecember 27, 2022 | cnbc.comWhat's next for global economy after an 'unusually slow' holiday quarter: Forward Air CEODecember 27, 2022 | msn.comForward Air CEO on holiday shipping, Lunar New Year and the 2023 Supply Chain OutlookDecember 10, 2022 | finance.yahoo.comIs Forward Air Corporation (NASDAQ:FWRD) Potentially Undervalued?December 8, 2022 | finance.yahoo.comForward Air Announces 2023 General Rate IncreaseDecember 8, 2022 | finance.yahoo.comForward Air Provides Mid-Quarter Update on Fourth Quarter 2022 PerformanceNovember 15, 2022 | finance.yahoo.comForward Air Corporation to Present at the Stephens 24th Annual Investment Conference on Tuesday, November 15, 2022November 12, 2022 | finance.yahoo.comForward Air Third Quarter 2022 Earnings: Beats ExpectationsNovember 8, 2022 | msn.comShould You Buy Forward Air (FWRD) After Golden Cross?November 8, 2022 | finance.yahoo.comForward Air Expands Intermodal Drayage Offering with Acquisition of Chickasaw Container ServicesNovember 1, 2022 | msn.comForward Air (FWRD) is a Great Momentum Stock: Should You Buy?October 31, 2022 | finance.yahoo.comWall Street Analysts Think Forward Air (FWRD) Could Surge 26%: Read This Before Placing a BetOctober 29, 2022 | seekingalpha.comForward Air Corporation (FWRD) Q3 2022 - Earnings Call TranscriptOctober 26, 2022 | markets.businessinsider.comForward Air Bottom Line Rises In Q3, Beats estimatesOctober 26, 2022 | finance.yahoo.comForward Air Corporation Reports Third Quarter 2022 ResultsOctober 26, 2022 | finance.yahoo.comForward Air (FWRD) Surpasses Q3 Earnings and Revenue EstimatesOctober 25, 2022 | finance.yahoo.comCovenant Logistics Group, Inc. (CVLG) Hit a 52 Week High, Can the Run Continue?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive FWRD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Forward Air and its competitors with MarketBeat's FREE daily newsletter. Email Address FWRD Company Calendar Last Earnings10/26/2021Ex-Dividend for 12/8 Dividend11/22/2022Dividend Payable12/08/2022Today2/02/2023Next Earnings (Confirmed)2/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Freight transportation arrangement Sub-IndustryAir Freight & Logistics SectorTransportation Current SymbolNASDAQ:FWRD CUSIP34985310 CIK912728 Webwww.forwardair.com Phone(423) 636-7000Fax423-783-9019Employees4,327Year FoundedN/APrice Target and Rating Average Stock Price Forecast$129.40 High Stock Price Forecast$136.00 Low Stock Price Forecast$110.00 Forecasted Upside/Downside+14.4%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$7.02 Trailing P/E Ratio16.11 Forward P/E Ratio15.08 P/E GrowthN/ANet Income$105.86 million Net Margins9.77% Pretax Margin12.92% Return on Equity29.52% Return on Assets16.14% Debt Debt-to-Equity Ratio0.17 Current Ratio1.74 Quick Ratio1.74 Sales & Book Value Annual Sales$1.66 billion Price / Sales1.81 Cash Flow$6.27 per share Price / Cash Flow18.04 Book Value$22.02 per share Price / Book5.14Miscellaneous Outstanding Shares26,590,000Free Float26,191,000Market Cap$3.01 billion OptionableOptionable Beta1.15 Key ExecutivesThomas SchmittExecutive Chairman, President & CEOChris C. RubleChief Operating OfficerRebecca GarbrickChief Financial Officer & TreasurerJay TomaselloChief Information OfficerNancee RonningChief Commercial OfficerKey CompetitorsHub GroupNASDAQ:HUBGAzulNYSE:AZULScorpio TankersNYSE:STNGAtlas Air WorldwideNASDAQ:AAWWWerner EnterprisesNASDAQ:WERNView All CompetitorsInsiders & InstitutionsMiller Howard Investments Inc. NYBought 219 shares on 2/2/2023Ownership: 0.118%Cambiar Investors LLCBought 3,568 shares on 2/2/2023Ownership: 0.089%SG Americas Securities LLCSold 10,119 shares on 2/2/2023Ownership: 0.024%ProShare Advisors LLCBought 541 shares on 2/2/2023Ownership: 0.016%Simplex Trading LLCBought 1,600 shares on 2/2/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions FWRD Stock - Frequently Asked Questions Should I buy or sell Forward Air stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last twelve months. There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" FWRD shares. View FWRD analyst ratings or view top-rated stocks. What is Forward Air's stock price forecast for 2023? 4 brokerages have issued 12 month price objectives for Forward Air's shares. Their FWRD share price forecasts range from $110.00 to $136.00. On average, they expect the company's share price to reach $129.40 in the next year. This suggests a possible upside of 13.5% from the stock's current price. View analysts price targets for FWRD or view top-rated stocks among Wall Street analysts. How have FWRD shares performed in 2023? Forward Air's stock was trading at $104.89 on January 1st, 2023. Since then, FWRD shares have increased by 8.7% and is now trading at $114.04. View the best growth stocks for 2023 here. When is Forward Air's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023. View our FWRD earnings forecast. How can I listen to Forward Air's earnings call? Forward Air will be holding an earnings conference call on Thursday, February 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Forward Air's earnings last quarter? Forward Air Co. (NASDAQ:FWRD) posted its quarterly earnings results on Tuesday, October, 26th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The transportation company had revenue of $419.63 million for the quarter, compared to the consensus estimate of $423.53 million. Forward Air had a trailing twelve-month return on equity of 29.52% and a net margin of 9.77%. Forward Air's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. How often does Forward Air pay dividends? What is the dividend yield for Forward Air? Forward Air declared a quarterly dividend on Wednesday, October 26th. Investors of record on Wednesday, November 23rd will be paid a dividend of $0.24 per share on Thursday, December 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 22nd. Read our dividend analysis for FWRD. Is Forward Air a good dividend stock? Forward Air (NASDAQ:FWRD) pays an annual dividend of $0.96 per share and currently has a dividend yield of 0.89%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 13.43% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for FWRD. What is Bruce A. Campbell's approval rating as Forward Air's CEO? 101 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. 56.0% of employees surveyed would recommend working at Forward Air to a friend. 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), Albemarle (ALB), Carnival Co. & (CCL), Dominion Energy (D), Eastman Chemical (EMN), International Paper (IP), Phillips 66 (PSX) and Skyworks Solutions (SWKS). 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 number of retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (0.99%), Tributary Capital Management LLC (0.71%), Fort Washington Investment Advisors Inc. OH (0.38%), Scout Investments Inc. (0.37%), Assenagon Asset Management S.A. (0.30%) and New York State Teachers Retirement System (0.23%). Insiders that own company stock include C Robert Campbell, Chris C Ruble, George M Lynch, George S Mayes Jr, Javier Polit, Kyle R Mitchin, Matthew J Jewell, Michael Joseph Morris, Michael L Hance and Pharmaceutical Co Ltd Takeda. View institutional ownership trends. How do I buy shares of Forward Air? 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. Compare Top Brokerages Here. What is Forward Air's stock price today? One share of FWRD stock can currently be purchased for approximately $114.04. How much money does Forward Air make? Forward Air (NASDAQ:FWRD) has a market capitalization of $3.03 billion and generates $1.66 billion in revenue each year. The transportation company earns $105.86 million in net income (profit) each year or $7.02 on an earnings per share basis. How many employees does Forward Air have? The company employs 4,327 workers across the globe. How can I contact Forward Air? 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. This page (NASDAQ:FWRD) was last updated on 2/3/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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 from 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. 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