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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
New Trump Bombshell (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
An Unusual Way to Invest in Gold (Ad)
3 stocks set to benefit from record Valentine's Day spending
Tradeweb is a disruptive pure play on financial market liquidity
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
New Trump Bombshell (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
An Unusual Way to Invest in Gold (Ad)
3 stocks set to benefit from record Valentine's Day spending
Tradeweb is a disruptive pure play on financial market liquidity
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
New Trump Bombshell (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
An Unusual Way to Invest in Gold (Ad)
3 stocks set to benefit from record Valentine's Day spending
Tradeweb is a disruptive pure play on financial market liquidity
NASDAQ:FWRD

Forward Air (FWRD) Stock Price, News & Analysis

$41.43
-1.19 (-2.79%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$41.35
$42.65
50-Day Range
$41.43
$66.20
52-Week Range
$41.35
$121.38
Volume
702,200 shs
Average Volume
705,121 shs
Market Capitalization
$1.06 billion
P/E Ratio
10.13
Dividend Yield
2.32%
Price Target
$85.86

Forward Air MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
107.2% Upside
$85.86 Price Target
Short Interest
Healthy
4.28% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.19mentions of Forward Air in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.12%
From $4.25 to $4.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.50 out of 5 stars

Transportation Sector

51st out of 114 stocks

Freight Transportation Arrangement Industry

4th out of 5 stocks


FWRD stock logo

About Forward Air Stock (NASDAQ:FWRD)

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also 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. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.

FWRD Stock Price History

FWRD Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Forward Air Appoints Michael Hance Interim CEO After Tom Schmitt Departs
Forward Air Announces Leadership Changes
Thomas Schmitt out as CEO at beleaguered Forward Air
One company did the impossible with AI
It is the first company in the world to bring an AI-designed drug to clinical trials. It is now working with some of the biggest companies in the world to develop other treatments and is less than $10 today… but Wall Street has been moving in quickly buying up millions of shares.
Forward Air Provides Update on January 2024 Performance
Forward Air (FWRD) to Release Earnings on Tuesday
Ghost jobs haunt the market
Forward Air-Omni merger finally closes
Unveiling 4 Analyst Insights On Forward Air
Forward Air Amends Agreement to Acquire Omni Logistics
Forward Air to Close Acquisition of Omni Logistics
See More Headlines
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Company Calendar

Last Earnings
10/31/2023
Ex-Dividend for 12/7 Dividend
11/21/2023
Dividend Payable
12/07/2023
Today
2/11/2024
Next Earnings (Confirmed)
2/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Freight transportation arrangement
Sub-Industry
Air Freight & Logistics
Current Symbol
NASDAQ:FWRD
CUSIP
34985310
Employees
4,427
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$85.86
High Stock Price Target
$130.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+107.2%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$193.19 million
Pretax Margin
8.61%

Debt

Sales & Book Value

Annual Sales
$1.97 billion
Cash Flow
$9.11 per share
Book Value
$26.60 per share

Miscellaneous

Free Float
25,259,000
Market Cap
$1.06 billion
Optionable
Optionable
Beta
1.06

Social Links

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FWRD Stock Analysis - Frequently Asked Questions

Should I buy or sell Forward Air stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FWRD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FWRD, but not buy additional shares or sell existing shares.
View FWRD analyst ratings
or view top-rated stocks.

What is Forward Air's stock price target for 2024?

7 Wall Street research analysts have issued 12-month target prices for Forward Air's stock. Their FWRD share price targets range from $50.00 to $130.00. On average, they predict the company's share price to reach $85.86 in the next twelve months. This suggests a possible upside of 107.2% 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 2024?

Forward Air's stock was trading at $62.87 at the beginning of 2024. Since then, FWRD stock has decreased by 34.1% and is now trading at $41.43.
View the best growth stocks for 2024 here
.

When is Forward Air's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
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 22nd 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) issued its quarterly earnings data on Tuesday, October, 31st. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.10 by $0.11. The transportation company earned $413.45 million during the quarter, compared to the consensus estimate of $420.04 million. Forward Air had a trailing twelve-month return on equity of 19.06% and a net margin of 6.30%. The firm's revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 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 Tuesday, October 24th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.24 per share on Thursday, December 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Tuesday, November 21st.
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 2.32%. The dividend payout ratio is 23.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 23.08% 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).

Who are Forward Air's major shareholders?

Forward Air's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.13%), Norges Bank (2.68%), Clearbridge Investments LLC (2.63%), Pacer Advisors Inc. (2.51%), River Road Asset Management LLC (1.55%) and Charles Schwab Investment Management Inc. (1.39%). Insiders that own company stock include Chris C Ruble, George M Lynch, George S Mayes Jr, Javier Polit, Kyle R Mitchin, Laurie Anne Tucker, Michael L Hance, Nancee L Ronning, Pharmaceutical Co Ltd Takeda and Thomas Schmitt.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Forward Air have any subsidiaries?
The following companies are subsidiares of Forward Air: Atlantic Trucking Company, Black Hawk Freight Services, CLP Towne, Central States Logistics, Central States Logistics Inc., Central States Trucking, Central States Trucking Co., Dedicated Transportation Services, Expedited Delivery Services, FACSBI LLC, FAF Inc., FFM LLC, Forward Air Final Mile LLC, Forward Air Inc., Forward Air Logistics Services Inc., Forward Air Royalty LLC, Forward Air Services LLC, Forward Air Solutions Inc., Forward Air Technology and Logistics Services Inc., LTD Air Cargo, Pinch Holdings, Quick Delivery Service, Service Express, Synergy Cargo Logistics Inc., TAF LLC, TQI Holdings Inc., TQI Inc., Total Quality, Towne Air Freight LLC, and Towne Holdings LLC.
Read More
This page (NASDAQ:FWRD) was last updated on 2/12/2024 by MarketBeat.com Staff

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