Forward Air Corporation (FWRD)

NASDAQ: FWRD · IEX Real-Time Price · USD
88.97
-0.24 (-0.27%)
Jun 29, 2022 1:05 PM EDT - Market open
-0.27%
Market Cap 2.39B
Revenue (ttm) 1.77B
Net Income (ttm) 137.36M
Shares Out 26.86M
EPS (ttm) 5.02
PE Ratio 17.72
Forward PE n/a
Dividend $0.90 (1.01%)
Ex-Dividend Date May 25, 2022
Volume 37,300
Open 89.70
Previous Close 89.21
Day's Range 87.20 - 89.70
52-Week Range 80.56 - 125.71
Beta 1.16
Analysts Buy
Price Target 137.90 (+55.0%)
Earnings Date Aug 4, 2022

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...]

Industry Air Freight & Logistics
IPO Date Nov 16, 1993
Employees 4,035
Stock Exchange NASDAQ
Ticker Symbol FWRD
Full Company Profile

Financial Performance

In 2021, Forward Air's revenue was $1.66 billion, an increase of 30.94% compared to the previous year's $1.27 billion. Earnings were $105.86 million, an increase of 346.04%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for FWRD stock is "Buy." The 12-month stock price forecast is 137.9, which is an increase of 55.00% from the latest price.

Price Target
$137.9
(55.00% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Forward Named #1 Expedited Carrier by Transport Topics

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...

Wall Street Analysts Believe Forward Air (FWRD) Could Rally 52%: Here's is How to Trade

The mean of analysts' price targets for Forward Air (FWRD) points to a 51.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analys...

Is Forward Air (FWRD) a Solid Growth Stock? 3 Reasons to Think "Yes"

Forward Air (FWRD) is well positioned to outperform the market, as it exhibits above-average growth in financials.

What Makes Forward Air (FWRD) a New Strong Buy Stock

Forward Air (FWRD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Forward Air Provides Mid-Quarter Update on Second 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 for ...

New Strong Buy Stocks for May 25th

DQ, MEOH, AN, FWRD, and MBUU have been added to the Zacks Rank #1 (Strong Buy) List on May 25, 2022.

Other symbols: ANDQMBUUMEOH

Wall Street Analysts Believe Forward Air (FWRD) Could Rally 51%: Here's is How to Trade

The average of price targets set by Wall Street analysts indicates a potential upside of 51.4% in Forward Air (FWRD). While the effectiveness of this highly sought-after metric is questionable, the posi...

Looking for a Growth Stock? 3 Reasons Why Forward Air (FWRD) is a Solid Choice

Forward Air (FWRD) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Forward Air adds West Coast intermodal drayage provider

Forward Air announced Monday the acquisition of intermodal drayage company Edgmon Trucking. Located in Kent, Washington, Edgmon serves the ports of Seattle and Tacoma, operating a 5-acre facility in Ken...

Forward Air Acquires Edgmon Trucking to Grow West Coast Intermodal Drayage Operations

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 ongo...

5 Stocks Bucking the Market Trend

Stock prices that beat the market are definitely worth a closer look.

Other symbols: GFFHUBGMHOMXL

Will Forward Air (FWRD) Gain on Rising Earnings Estimates?

Forward Air (FWRD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Forward Air to hit 2023 EPS target a year early

Management from Forward Air said Thursday that March was the best month in the company's history, with its less-than-truckload segment experiencing three of the highest tonnage weeks on record. The comm...

Forward Air (FWRD) Q1 Earnings and Revenues Surpass Estimates

Forward Air (FWRD) delivered earnings and revenue surprises of 3.29% and 2.95%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Forward Air Corporation Reports First 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 months ended March 31, 2022 as presented i...

Forward Air (FWRD) is an Incredible Growth Stock: 3 Reasons Why

Forward Air (FWRD) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Forward Air's stock rallies toward 5th-straight gain after raising profit, revenue outlook

Shares of Forward Air Corp. FWRD, +1.27% jumped 1.5% in morning trading Monday, putting them on track for a fifth-straight gain, after the trucker raised its first-quarter profit and revenue outlook, ci...

Forward Air Announces Opening of New Support Center in Columbus

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced the grand opening of its expanded Columbus (CMH) Support Center. The new Support ...

Forward Air Corporation Announces Timing of First Quarter 2022 Earnings Release and Conference Call

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its first quarter 2022 earnings after the market closes on Wednesday, April 27, 2022 and hold a conference call to...

Scoop Up 3 Trucking Stocks With Dividend Hikes to Aid Portfolio

J.B. Hunt Transport (JBHT), Old Dominion (ODFL) and Forward Air (FWRD) should be attractive picks given their dividend-paying ability.

Other symbols: JBHTODFL

Newsweek Names Forward Air as One of the Most Trusted Companies in America

Forward Air Ranked #3 Most Trusted Transport, Logistics, & Packaging Company GREENEVILLE, Tenn. , March 31, 2022 /PRNewswire/ -- Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") was r...

4 Top Trucking Stocks to Gain From Strong Freight Demand

Strong freight demand and higher rates favor the Zacks Transportation - Truck industry's near-term prospects. Amid this positivity, ODFL, FWRD, ARCB and USAK are poised for growth.

Other symbols: ARCBODFLUSAK

How Forward Air (FWRD) Stock Stands Out in a Strong Industry

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

Forward Air Provides Mid-Quarter Update on First 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 for t...

Forward Air Chief Commercial Officer Named a 2022 Georgia Titan 100

ATLANTA, March 2, 2022 /PRNewswire/ -- Forward Air Corporation (NASDAQ: FWRD) (the "Company", "Forward", "we", "our", or "us") is pleased to announce that its Chief Commercial Officer, Scott Schara, has...