Forward Air Corporation (FWRD)
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]
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 StatementsAnalyst 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.
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.

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...

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...

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...

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?

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...

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...

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.

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 ...

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...

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'...

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 ...

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.

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 ...

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...

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...

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...

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 ...

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 ...

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?

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...

Forward Air Expands Intermodal Drayage Offering with Acquisition of Chickasaw Container Services
GREENEVILLE, Tenn.

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.

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...

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?