Forward Air Corporation (FWRD)
| Market Cap | 687.40M |
| Revenue (ttm) | 1.49B |
| Net Income (ttm) | 69.27M |
| Shares Out | 26.44M |
| EPS (ttm) | 2.22 |
| PE Ratio | 11.71 |
| Forward PE | 49.88 |
| Dividend | $0.48 (1.85%) |
| Ex-Dividend Date | Nov 21, 2023 |
| Volume | 621,133 |
| Open | 28.05 |
| Previous Close | 27.67 |
| Day's Range | 24.94 - 28.05 |
| 52-Week Range | 11.21 - 119.90 |
| Beta | 1.00 |
| Analysts | Buy |
| Price Target | 72.40 (+178.46%) |
| Earnings Date | Aug 5, 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 8 analysts, the average rating for FWRD stock is "Buy." The 12-month stock price forecast is $72.4, which is an increase of 178.46% from the latest price.
News
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...
Shareholder Rights Advocates at Levi & Korsinsky Investigate Forward Air Corporation (FWRD) Regarding Possible Securities Fraud Violations
NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Forward Air Corporation ("Forward Air") (NASDAQ:FWRD) concerning possible violat...
Forward Air Corporation (FWRD) Shareholders May Have Been Affected by Fraud- Levi & Korsinsky Investigates
NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Forward Air Corporation ("Forward Air") (NASDAQ:FWRD) concerning possible violat...
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 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...
Top 5 Industrials Stocks That Could Blast Off This Quarter - Asure Software (NASDAQ:ASUR), AAR (NYSE:AIR)
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Forward Air Leaders Recognized for Outstanding Service
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or “the Company”) is pleased to announce that four leaders have been recognized for outstanding achievements in t...
Forward Air Corporation Reports Fourth Quarter and Full Year 2023 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 Corporation Changes Timing of Fourth Quarter 2023 Earnings Release to February 28
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or “the Company”) today changed the date for the release of its fourth quarter 2023 earnings. Forward plans to re...
Top 5 Industrials Stocks That Are Set To Fly In Q1 - C.H. Robinson Worldwide (NASDAQ:CHRW), ESCO Technologies (NYSE:ESE)
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Forward Air Announces Leadership Changes
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or “the Company”) today announced several updates to its senior management team and Board of Directors (“the Boar...
Forward Air Provides Update on January 2024 Performance
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward”) today provided the following LTL Expedited Freight operating statistics for January 2024. During this period, we...
Forward Air Corporation Announces Timing of Fourth Quarter 2023 Earnings Release and Conference Call
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its fourth quarter 2023 earnings after the market closes on Wednesday, February 21, 2024 and hold a conference c...
Forward Air Announces Closing of Omni Logistics Transaction
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or “the Company”) today announced that it has completed its previously announced acquisition of Omni Logistics, L...
Forward Air to Close Acquisition of Omni Logistics
Companies to Amend Terms of Merger Agreement and Resolve All Outstanding Litigation Combined Company Will Create Category Leader in Expedited LTL DALLAS , Jan. 22, 2024 /PRNewswire/ -- Omni Logistics,...
Forward Air Amends Agreement to Acquire Omni Logistics
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward”) today announced an agreement with Omni Logistics, LLC (“Omni”), a private company that is majority owned by Ridg...
Forward Air Announces Sale of Final Mile Business
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is pleased to announce the sale of its Final Mile business to Hub Group, Inc. for an estimated ...
Forward Air Announces 2024 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 after...