Forward Air Corporation (FWRD)
| Market Cap | 610.24M |
| Revenue (ttm) | 1.37B |
| Net Income (ttm) | 167.35M |
| Shares Out | 25.66M |
| EPS (ttm) | 6.40 |
| PE Ratio | 3.72 |
| Forward PE | 48.98 |
| Dividend | $0.72 (3.03%) |
| Ex-Dividend Date | Nov 21, 2023 |
| Volume | 882,742 |
| Open | 22.72 |
| Previous Close | 22.75 |
| Day's Range | 22.64 - 23.83 |
| 52-Week Range | 22.08 - 121.38 |
| Beta | 0.99 |
| Analysts | Hold |
| Price Target | 72.50 (+204.88%) |
| Earnings Date | May 3, 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 $167.35 million, a decrease of -13.38%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for FWRD stock is "Hold." The 12-month stock price forecast is $72.5, which is an increase of 204.88% from the latest price.
News
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...
Forward Air Provides Mid-Quarter Update on Fourth Quarter 2023 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...
Omni Logistics Board of Directors Issues Letter to Forward Air Shareholders
Highlights Powerful Strategic Rationale for Combined Company, Shared Interests with Forward Air Shareholders, and Highly Compelling Value Creation Opportunity DALLAS , Nov. 17, 2023 /PRNewswire/ -- Th...
Ancora Sends Open Letter to Omni Logistics Regarding Apparent Efforts to Suppress Opposition to the Transaction with Forward Air
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), which is a top shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Com...
Forward Air Corporation to Present at the Stephens 25th Annual Investment Conference
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”), announced that on Tuesday, November 14, 2023, at approximately 12:00 p.m. EST, Tom Schmitt, Ch...
Omni Logistics Responds to Forward Air Counterclaim
Denies Baseless Forward Air Claims; Reiterates Compelling Benefits to Shareholders by Creating the Premier Global Expedited LTL Provider DALLAS , Nov. 13, 2023 /PRNewswire/ -- Omni Logistics ("Omni"),...
Forward Air Corporation Files Answer and Counterclaim Against Omni
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward”) today announced that it has filed under seal an answer and counterclaim against Omni Newco LLC (“Omni”) in the D...
Forward Air Releases 2023 Environmental, Social and Governance Report
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”) announced today the release of its updated Environmental, Social and Govern...
Omni Logistics Files Lawsuit Against Forward Air to Enforce Merger Agreement
Complaint Seeks Ruling to Require Forward Air to Close Transaction Under Legally Binding Terms of Contractual Agreement Omni Also Issues Open Letter to Forward Air Shareholders to Share Its Views on S...
Forward Air Corporation Reports Third Quarter 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 nine months ended September 30, 2023...
Ancora Supports Forward Air's Decision to Evaluate Termination of Prospective Transaction with Omni
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), which is a top shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Com...
Omni Logistics Responds to Forward Air Update on Transaction
DALLAS , Oct. 26, 2023 /PRNewswire/ -- Omni Logistics ("Omni"), a technology-driven provider of global multimodal logistics solutions and specialized services, today responded to the press release iss...
Forward Air Corporation Provides Omni Transaction Update
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward”) today provided an update on the previously announced transaction with Omni Newco LLC (“Omni”). As previously dis...