Forward Air Corporation (FWRD)
Stock Price:
$58.57 USD
0.51 (0.88%)
Updated Aug 11, 2020 4:00 PM EDT - Market closed
After-hours: $58.87 +0.30 (0.51%) Aug 11, 4:11 PM
Key Info
| Market Cap |
1.64B |
| Revenue (ttm) |
1.42B |
| Net Income (ttm) |
57.89M |
| Shares Out |
27.98M |
| EPS (ttm) |
2.02 |
| PE Ratio |
29.00 |
| Forward PE |
n/a |
| Dividend |
$0.72 |
| Dividend Yield |
1.23% |
Stock Quote
| Trading Day |
Aug 11, 2020 |
| Last Price |
$58.57 |
| Previous Close |
$58.06 |
| Change ($) |
0.51 |
| Change (%) |
0.88% |
| Day's Open |
58.87 |
| Day's Range |
58.17 - 59.82 |
| Day's Volume |
204,642 |
| 52-Week Range |
39.59 - 72.09 |
More Stats
| Market Cap |
1.64B |
| Enterprise Value |
1.82B |
| Earnings Date (est) |
Oct 21, 2020 |
| Ex-Dividend Date |
May 21, 2020 |
| Shares Outstanding |
27.98M |
| Float |
27.54M |
| EPS (basic) |
2.05 |
| EPS (diluted) |
2.02 |
| FCF / Share |
4.28 |
| Dividend |
$0.72 |
| Dividend Yield |
1.23% |
| Earnings Yield |
3.45% |
| FCF Yield |
7.30% |
| Payout Ratio |
35.10% |
| Shares Short |
565,719 |
| Short Ratio |
2.65 |
| Short % of Float |
1.90% |
| Beta |
1.16 |
| PE Ratio |
29.00 |
| Forward PE |
n/a |
| P/FCF Ratio |
13.69 |
| PS Ratio |
1.16 |
| PB Ratio |
2.80 |
| Revenue |
1.42B |
| Operating Income |
89.16M |
| Net Income |
57.89M |
| Free Cash Flow |
119.70M |
| Net Cash |
-181.59M |
| Net Cash / Share |
-6.49 |
| Gross Margin |
23.31% |
| Operating Margin |
6.30% |
| Profit Margin |
4.20% |
| FCF Margin |
8.45% |
| ROA |
5.86% |
| ROE |
12.33% |
| ROIC |
11.90% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Summary
Analyst Ratings (6)
| Buy |
0 |
| Overweight |
1 |
| Hold |
5 |
| Underweight |
0 |
| Sell |
0 |
Analyst Consensus: Overweight
Price Target
$54.00*
(-7.80% downside)
Low
45.0
Current: $58.57
High
60.0
Target: 54.00
*Average 12-month price target from 3 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 1,410 | 1,321 | 1,169 | 1,030 | 959 | 781 | 652 | 584 | 536 | 484 |
| Revenue Growth | 6.78% | 12.96% | 13.51% | 7.41% | 22.81% | 19.69% | 11.64% | 8.96% | 10.84% | - |
| Gross Profit | 665 | 608 | 544 | 496 | 468 | 392 | 322 | 294 | 276 | 248 |
| Operating Income | 119 | 122 | 109 | 59.70 | 81.77 | 96.41 | 84.36 | 83.53 | 77.11 | 53.74 |
| Net Income | 87.10 | 92.05 | 87.26 | 27.51 | 55.58 | 61.17 | 54.47 | 52.67 | 47.20 | 32.04 |
| Shares Outstanding | 28.17 | 29.20 | 29.77 | 30.52 | 30.83 | 30.45 | 30.14 | 28.97 | 29.05 | 28.98 |
| Earnings Per Share | 3.04 | 3.12 | 2.89 | 0.90 | 1.78 | 1.96 | 1.77 | 1.78 | 1.60 | 1.10 |
| EPS Growth | -2.56% | 7.96% | 221.11% | -49.44% | -9.18% | 10.73% | -0.56% | 11.25% | 45.45% | - |
| Dividend Per Share | 0.72 | 0.63 | 0.60 | 0.51 | 0.48 | 0.48 | 0.40 | 0.34 | 0.28 | 0.28 |
| Dividend Growth | 14.29% | 5% | 17.65% | 6.25% | 0% | 20% | 17.65% | 21.43% | 0% | - |
| Operating Cash Flow | 159 | 153 | 103 | 130 | 85.72 | 91.66 | 90.84 | 68.59 | 76.96 | 54.00 |
| Capital Expenditures | -24.92 | -35.23 | -35.83 | -40.26 | -38.78 | -37.54 | -33.47 | -20.44 | -19.95 | -13.67 |
| Free Cash Flow | 134 | 117 | 67.54 | 90.09 | 46.95 | 54.12 | 57.37 | 48.14 | 57.01 | 40.33 |
| Cash & Equivalents | 64.75 | 25.66 | 3.89 | 8.51 | 33.31 | 41.43 | 127 | 112 | 58.80 | 74.50 |
| Total Debt | 179 | 47.64 | 40.95 | 28.74 | 84.50 | 1.55 | 0.07 | 0.33 | 0.89 | 51.52 |
| Net Cash / Debt | -114 | -21.99 | -37.05 | -20.23 | -51.19 | 39.88 | 127 | 112 | 57.92 | 22.98 |
| Assets | 991 | 760 | 693 | 641 | 700 | 539 | 506 | 399 | 341 | 349 |
| Liabilities | 414 | 207 | 160 | 142 | 190 | 75.75 | 70.40 | 47.52 | 54.25 | 92.71 |
| Book Value | 577 | 553 | 533 | 499 | 510 | 464 | 436 | 352 | 287 | 256 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Forward Air Corporation |
| Country |
United States |
| Employees |
4,640 |
| CEO |
Tom Schmitt |
Stock Information
| Ticker Symbol |
FWRD |
| Stock Exchange |
NASDAQ |
| Sector |
Services |
| Industry |
Air Delivery & Freight Services |
| Unique Identifier |
NASDAQ: FWRD |
| IPO Date |
November 16, 1993 |
Description
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through three segments: Expedited Freight, Intermodal, and Pool Distribution. 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 expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. The Pool segment offers pool distribution services comprising managing high-frequency handling and distribution of time-sensitive products to various destinations through a network of terminals. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.