Forward Air Corporation (FWRD)

NASDAQ: FWRD · IEX Real-Time Price · USD
106.96
+2.09 (1.99%)
Mar 31, 2023, 12:43 PM EDT - Market open
1.99%
Market Cap 2.79B
Revenue (ttm) 1.97B
Net Income (ttm) 193.19M
Shares Out 26.10M
EPS (ttm) 7.14
PE Ratio 14.84
Forward PE n/a
Dividend $0.96 (0.90%)
Ex-Dividend Date Mar 1, 2023
Volume 19,449
Open 105.57
Previous Close 104.87
Day's Range 105.57 - 107.34
52-Week Range 84.04 - 117.57
Beta 1.13
Analysts Buy
Price Target 121.55 (+13.64%)
Earnings Date Apr 26, 2023

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 final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedit... [Read more]

Sector Industrials
IPO Date Nov 16, 1993
Employees 4,035
Stock Exchange NASDAQ
Ticker Symbol FWRD
Full Company Profile

Financial Performance

In 2022, Forward Air's revenue was $1.97 billion, an increase of 18.71% compared to the previous year's $1.66 billion. Earnings were $193.19 million, an increase of 82.50%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for FWRD stock is "Buy." The 12-month stock price forecast is $121.55, which is an increase of 13.64% from the latest price.

Price Target
$121.55
(13.64% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Forward and Kodiak Robotics Become First Companies to Operate Consistent Autonomous Trucking Service Between Dallas and Atlanta

The companies are delivering expedited freight 24 hours a day, six days a week MOUNTAIN VIEW, Calif. and GREENEVILLE, Tenn.

2 weeks ago - PRNewsWire

Kodiak Robotics, Forward Air begin Dallas-Atlanta autonomous runs

Kodiak Robotics and Forward Air Corp. are beginning thrice-weekly autonomous freight round-trip runs between Dallas and Atlanta using teams of safety drivers to comply with hours-of-service regulation...

2 weeks ago - FreightWaves

Forward Air Provides Mid-Quarter Update on First Quarter 2023 Performance

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today provided the following key Expedited Freight Operating statistics for...

3 weeks ago - Business Wire

Forward Air shares whacked after tonnage, shipment size and weight fall

Forward Air Corp. shares fell sharply in Thursday morning trading after the transportation company reported a significant weakness in fourth-quarter less-than-truckload tonnage caused by unexpected re...

1 month ago - FreightWaves

Forward Air (FWRD) Q4 Earnings and Revenues Lag Estimates

Forward Air (FWRD) delivered earnings and revenue surprises of -15.38% and 4.37%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Forward Air Corporation Reports Fourth Quarter 2022 Results

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company,” “we,” “our,” or “us”) today reported financial results for the three and twelve months ended December 31, 202...

1 month ago - Business Wire

Forward Air Announces Chicagoland Expansion with New Bolingbrook Terminal

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, including it...

1 month ago - Business Wire

Forward Air (FWRD) Earnings Expected to Grow: Should You Buy?

Forward Air (FWRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Forward Air Corporation Announces Timing of Fourth Quarter 2022 Earnings Release and Conference Call

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its fourth quarter 2022 earnings after the market closes on Wednesday, February 8, 2023 and hold a conference ...

2 months ago - Business Wire

Forward Air Raises $12,000 for Hope For The Warriors in Veterans Fund Raising Campaign

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced a $12,000 donation to Hope For The Warriors on behalf of the Company's charit...

2 months ago - Business Wire

Forward Air to buy expedited LTL provider Land Air Express

Asset-light trucking provider Forward Air announced Wednesday it will acquire expedited less-than-truckload provider Land Air Express for $56.5 million. Bowling Green, Kentucky-based Land Air Express'...

3 months ago - FreightWaves

Forward Air Corporation Expands LTL Operations with Acquisition of Land Air Express

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as the ...

3 months ago - Business Wire

What's next for global demand after an 'unusually slow' holiday quarter: Forward Air CEO

Forward Air CEO Tom Schmitt on how long the decline in consumer demand and slowdown in shipping from China will last.

3 months ago - CNBC

Forward Air sees near-20% tonnage decline in November

Less-than-truckload provider Forward Air announced Thursday further deceleration in tonnage during the fourth quarter as pieces per shipment have declined 20% year over year (y/y). “Our customers and ...

4 months ago - FreightWaves

Forward Air Provides Mid-Quarter Update on Fourth Quarter 2022 Performance

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today provided the following key Expedited Freight Operating statistics f...

4 months ago - Business Wire

Forward Air Announces 2023 General Rate Increase

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced a 5.9 percent general rate increase (GRI) on any shipments tendered on or aft...

4 months ago - Business Wire

LTL carriers point to shrinking tonnage in November

Some of the nation's largest less-than-truckload carriers are seeing demand continue to retreat from the all-time highs recently established.  Following third-quarter reports, which showed year-over-y...

Other symbols: FDXYELL
4 months ago - FreightWaves

Forward Air Releases Updated Environmental, Social and Governance Report Via New Dedicated Website

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as its ...

4 months ago - Business Wire

Forward Air Corporation to Present at the Stephens 24th Annual Investment Conference on Tuesday, November 15, 2022

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as its ...

4 months ago - Business Wire

Should You Buy Forward Air (FWRD) After Golden Cross?

Is it a good or bad thing when a stock experiences a golden cross technical event?

5 months ago - Zacks Investment Research

Forward Air acquires another drayage provider

Asset-light transportation provider Forward Air announced Monday it has entered into an agreement to acquire intermodal drayage provider Chickasaw Container Services (CCS). The transaction is expected...

5 months ago - FreightWaves

Forward Air (FWRD) is a Great Momentum Stock: Should You Buy?

Does Forward Air (FWRD) have what it takes to be a top stock pick for momentum investors? Let's find out.

5 months ago - Zacks Investment Research

Wall Street Analysts Think Forward Air (FWRD) Could Surge 26%: Read This Before Placing a Bet

The average of price targets set by Wall Street analysts indicates a potential upside of 25.9% in Forward Air (FWRD). While the effectiveness of this highly sought-after metric is questionable, the po...

5 months ago - Zacks Investment Research

Forward Air (FWRD) Surpasses Q3 Earnings and Revenue Estimates

Forward Air (FWRD) delivered earnings and revenue surprises of 1.58% and 2.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research