Forward Air Corporation (FWRD)
| Market Cap | 1.01B |
| Revenue (ttm) | 2.18B |
| Net Income (ttm) | -680.12M |
| Shares Out | 28.95M |
| EPS (ttm) | -25.52 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.96 (2.75%) |
| Ex-Dividend Date | Nov 21, 2023 |
| Volume | 359,119 |
| Open | 34.71 |
| Previous Close | 34.47 |
| Day's Range | 33.76 - 35.15 |
| 52-Week Range | 11.21 - 67.20 |
| Beta | 1.02 |
| Analysts | Hold |
| Price Target | 30.00 (-14.14%) |
| Earnings Date | Nov 4, 2024 |
About 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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedi... [Read more]
Financial Performance
In 2023, Forward Air's revenue was $1.37 billion, a decrease of -18.39% compared to the previous year's $1.68 billion. Earnings were $166.49 million, a decrease of -13.34%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for FWRD stock is "Hold." The 12-month stock price forecast is $30.0, which is a decrease of -14.14% from the latest price.
News
Forward Air Announces New Chief Commercial Officer
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced that Eric Brandt has joined the Company as Chief Commercial Officer to lead its...
Forward Air Corporation (FWRD) Q3 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Tony Carreño - SVP, Treasury and IR Shawn Stewart - CEO Jamie Pierson - CFO Con...
Forward Air Corporation Reports Third Quarter 2024 Results
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three months ended September 30, 2024, as pres...
Forward Air Corporation Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its third quarter 2024 earnings after the market closes on Monday, November 4, 202...
Forward Air Corporation Issues Statement
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”) today issued the following statement: The Forward Air Board of Directors and management acknowledge and value...
Alta Fox Calls for Immediate Strategic Review at Forward Air Corporation
DALLAS--(BUSINESS WIRE)--Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox” or “we”) today issued the following letter to the Board of Directors (the “Board”) of Forward Air Co...
Forward Air Corporation Appoints New Director
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today announced that Jerome Lorrain has been appointed to Forward's Board of...
Activist Ancora joins investors' calls for a strategic review at Forward Air. Here's what may happen next
Ancora joined a chorus of activist investors who are pushing Forward Air for a strategic review.
Ancora Issues Letter to Forward Air Corporation's Board of Directors Regarding the Need to Initiate a Strategic Review Based on Acquirer Interest
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”) today issued the below open letter to the Board of Directors (the “Board”) of Forward Air Co...
Forward Air Corporation (FWRD) Q2 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Tony Carreño - Senior Vice President of Treasury and Investor Relations Shawn Ste...
Forward Air Corporation Reports Second Quarter 2024 Results
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three months ended June 30, 2024, as presented...
Forward Air Corporation Announces Timing of the Second Quarter 2024 Earnings Release and Conference Call
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its second quarter 2024 earnings after the market closes on Wednesday, August 7, 2...
Forward Air Earns Recognition for Excellence in Logistics and Leadership
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) announced a trifecta of achievements highlighting the company's leadership, operational experti...
Forward Air Charters Next Phase of Growth With Expansion of Financial Leadership Team
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) announced the appointment of Jamie G. Pierson as permanent Chief Financial Officer and James Fa...
Forward Air Provides Update on First Quarter 2024 Non-GAAP Financial Measures
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today announced updates to certain previously released non-GAAP financial m...
Will Forward Air Stock See A Recovery After 75% Fall This Year?
The stock price of Forward Air (NASDAQ: FWRD), an asset-light freight and logistics company with operations in the United States and Canada, trades at $15 per share, about 90% below its peak level of ...
Activist Irenic Capital initiates a 5% stake in Forward Air: Should you buy the stock?
Forward Air (NASDAQ:FWRD) finds itself in the spotlight as activist investor Irenic Capital Management made a significant move, acquiring nearly 5% stake in the company, according to a report by the W...
Activist Irenic Builds Stake in Trucking Company Forward Air
Irenic Capital Management has a position of nearly 5%, making it one of the trucking company's top shareholders.
Forward Air Announces Leadership Transition
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced the appointment of Jamie G. Pierson as interim Chief Financial Officer effectiv...
Forward Air Files Definitive Proxy Statement and Reiterates Commitment to Board Refreshment
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today announced the filing of its definitive proxy statement with the Securities and Ex...
Forward Air Corporation (FWRD) Q1 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Michael Hance - Interim CEO, Chief Legal Officer & Secretary Rebecca Garbrick - CFO ...
Forward Air Corporation Reports First Quarter 2024 Results
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today reported financial results for the three months ended March 31, 2024 a...
Forward Air: A Show-Me Story That Could Unveil Upside Potential (Rating Upgrade)
Forward Air and Omni completed their merger, but the stock has since declined by 55%. The company experienced leadership changes and stopped issuing guidance, leading to a continued decline in stock p...
Forward Air Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”) announced that it granted equity awards on April 29, 2024 as a material inducement to employment of the newly...
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