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Forward Air Corporation (FWRD)

Stock Price: $95.37 USD 3.13 (3.39%)
Updated May 13, 2021 4:00 PM EDT - Market closed
After-hours: $95.36 -0.01 (-0.01%) May 13, 4:07 PM
Market Cap 2.60B
Revenue (ttm) 1.33B
Net Income (ttm) 26.54M
Shares Out 27.32M
EPS (ttm) 0.94
PE Ratio 101.78
Forward PE n/a
Dividend $0.78
Dividend Yield 0.82%
Trading Day May 13
Last Price $95.37
Previous Close $92.24
Change ($) 3.13
Change (%) 3.39%
Day's Open 92.50
Day's Range 91.99 - 96.15
Day's Volume 116,384
52-Week Range 40.26 - 100.93

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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 ongo...

3 days ago - Business Wire

Poorly managed companies may not be on everyone's radar, but they're top picks for activist investors looking to boost shareholder value.

Other stocks mentioned: ACIW, BHC, CUB, DANOY, DK, ELAN, FE ...
1 week ago - Kiplinger

Forward Air Corporation (NASDAQ:FWRD) shares are trading higher by 5.4% at $93.03 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $100 to $120. Forw...

1 week ago - Benzinga

On a call with analysts Friday, management from Forward Air (NASDAQ: FWRD) laid out some margin targets after posting a first-quarter earnings beat and issuing guidance well ahead of expectations. Thurs...

1 week ago - FreightWaves

Forward Air (FWRD) delivered earnings and revenue surprises of 7.14% and 6.10%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Forward Air (NASDAQ: FWRD) announced Wednesday that it will acquire J&P Hall Express, a privately held, expedited transportation provider. The deal is expected to expand Forward's regional less-than-tru...

2 weeks ago - FreightWaves

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 ongo...

2 weeks ago - Business Wire

Forward Air (NASDAQ:FWRD) releases its next round of earnings this Thursday, April 29. Get the latest predictions in Benzinga's essential guide to the company's Q1 earnings report.

2 weeks ago - Benzinga

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.

3 weeks ago - Zacks Investment Research

Forward Air (NASDAQ: FWRD) announced that it added 11 final-mile terminal locations during the first quarter of 2021. The Monday press release said of the new “Forward Final Mile” additions, eight were ...

1 month ago - FreightWaves

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 ongo...

1 month ago - Business Wire

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its first quarter 2021 earnings after the market closes on Thursday, April 29, 2021 and hold a conference call to ...

1 month ago - Business Wire

Asset-light trucking and logistics provider Forward Air (NASDAQ: FWRD) announced Friday the largest per-mile rate increase in company history for the independent contractor fleet in its less-than-truckl...

1 month ago - FreightWaves

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 ongo...

1 month ago - Business Wire

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 ongo...

1 month ago - Business Wire

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 ongo...

1 month ago - Business Wire

An activist investor group led by Ancora Advisors has effected change to five seats on asset-light trucking and logistics company Forward Air's (NASDAQ: FWRD) board. Forward announced Monday after the m...

1 month ago - FreightWaves

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or “the Company”) today announced that it has appointed five independent and highly qualified directors to its ...

1 month ago - Business Wire

The activist investor group seeking changes at asset-light trucking and logistics company Forward Air (NASDAQ: FWRD) issued another letter to shareholders Tuesday. The group provided its summary on Forw...

2 months ago - FreightWaves

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings, Inc. (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (“Forward Air” or the “Company”) (NASDAQ:FWRD), w...

2 months ago - Business Wire

GREENEVILLE, Tenn.--(BUSINESS WIRE)--First paragraph, second sentence of release dated February 12, 2021 should read: Forward today announced the sale of its Pool Distribution business to Ten Oaks Group...

2 months ago - Business Wire

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 ongo...

3 months ago - Business Wire

Following scrutiny from an activist investor group, which includes the company's founder and former CFO, management at asset-light trucking and logistics company Forward Air (NASDAQ: FWRD) doubled down ...

3 months ago - FreightWaves

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 ongo...

3 months ago - Business Wire

Forward Air (FWRD) delivered earnings and revenue surprises of -24.66% and -16.14%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

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, 2020 a...

3 months ago - Business Wire

In an open letter to shareholders on Wednesday, activist investor Ancora Advisors announced that it has nominated four candidates for election to the board of asset-light trucking and logistics company ...

3 months ago - FreightWaves

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company” or “Forward”) today confirmed that Ancora Advisors (“Ancora”) has submitted a nomination notice for four candida...

3 months ago - Business Wire

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings, Inc. (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (“Forward Air” or the “Company”) (NASDAQ: FWRD), ...

3 months ago - Business Wire

Make the most of the Dow hitting an intraday record high and the markets continuing to climb. Q.ai's deep learning algorithms have done the math to give you today's top buys.

Other stocks mentioned: DOV, GTN, LCII, WTS
3 months ago - Forbes

Low fuel costs are likely to have cushioned the bottom-line performances of Forward Air (FWRD), Air Lease (AL) and Wabtec (WAB) in Q4 despite the continued pandemic woes.

Other stocks mentioned: AL, AZUL, CPA, UNP, UPS, WAB
3 months ago - Zacks Investment Research

Forward Air (FWRD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

3 months ago - Zacks Investment Research

Forward Air (NASDAQ: FWRD) announced Monday a 6% general rate increase on all shipments “to offset rising operating costs.”   The Greeneville, Tennessee-based expedited trucking company said the increas...

3 months ago - FreightWaves

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 ongoin...

3 months ago - Business Wire

FreightWaves had a chance to talk with Andy Clarke, one of the activist investors looking to reshuffle the deck at expedited trucking company Forward Air (NASDAQ: FWRD). Clarke has held leadership roles...

3 months ago - FreightWaves

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its fourth quarter 2020 earnings after the market closes on Thursday, February 11, 2021 and hold a conference call...

3 months ago - Business Wire

The ransomware attack on Forward Air (NASDAQ: FWRD) in December served as an unusually visible reminder of what hackers can do to a trucking and logistics company. They can disrupt the movement of freig...

3 months ago - FreightWaves

A group of investors is looking to shake things up at expedited trucking company Forward Air (NASDAQ: FWRD), according to filings with the U.S. Securities and Exchange Commission. Cleveland-based Ancora...

4 months ago - FreightWaves

Several weeks before it got hit by a ransomware attack, Forward Air (NASDAQ: FWRD) did a “comprehensive roleplay” to prepare for a company disaster. The event they were preparing for?

4 months ago - FreightWaves

Forward Air Corp. (NASDAQ:FWRD) was targeted by a ransomware attack last week and warned that it may defer or lose revenue as a result, the Tennessee-based trucking and logistics firm disclosed in a Sec...

4 months ago - FreightWaves

An “IT security incident” at Tennessee-based transportation and logistics firm Forward Air Corp. (NASDAQ:FWRD) likely resulted from a cyberattack, possibly one involving ransomware, experts told Freight...

4 months ago - FreightWaves

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today's edition, Pfizer has started shipping its COVID vaccine and UPS and FedEx are heavily involved, but another trucki...

4 months ago - FreightWaves

Logistics stocks are set to benefit from the continued rise in online sales, which calls for investing in stocks like Forward Air (FWRD), United Parcel Service (UPS) and Echo Global (ECHO).

Other stocks mentioned: ECHO, EXPD, UPS
4 months ago - Zacks Investment Research

Forward Air (NASDAQ: FWRD) announced Monday further expansion of its non-airport less-than-truckload network. The Greeneville, Tennessee-based company will now offer its expedited LTL service in Califor...

4 months ago - FreightWaves

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 ongoi...

4 months ago - Business Wire

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 ongoi...

5 months ago - Business Wire

Forward Air (FWRD) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

5 months ago - Zacks Investment Research

As of late, it has definitely been a great time to be an investor in Forward Air Corporation (FWRD).

5 months ago - Zacks Investment Research

Making good on a promise to add a “handful” of traditional less-than-truckload (LTL) terminals to the network this year, Forward Air (NASDAQ: FWRD) announced Monday that it has rolled out expedited serv...

5 months ago - FreightWaves

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 ongoi...

5 months ago - Business Wire

About FWRD

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. The company operates through 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. It also offers exp... [Read more...]

Industry
Integrated Freight & Logistics
IPO Date
Nov 16, 1993
Stock Exchange
NASDAQ
Ticker Symbol
FWRD
Full Company Profile

Financial Performance

In 2020, Forward Air's revenue was $1.27 billion, an increase of 4.48% compared to the previous year's $1.22 billion. Earnings were $23.73 million, a decrease of -72.75%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for Forward Air stock is "Buy." The 12-month stock price forecast is 104.40, which is an increase of 9.47% from the latest price.

Price Target
$104.40
(9.47% upside)
Analyst Consensus: Buy