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...

• Industry: Integrated Freight & Logistics
• Sector: Industrials
• IPO Date: Nov 16, 1993
• Employees: 4,035
• Stock Exchange: NASDAQ
• Ticker Symbol: FWRD

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%.

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