Forward Air Corporation (FWRD)

NASDAQ: FWRD · IEX Real-Time Price · USD
32.04
-5.09 (-13.71%)
At close: Mar 1, 2024, 4:00 PM
32.30
+0.26 (0.81%)
After-hours: Mar 1, 2024, 7:57 PM EST
-13.71%
Market Cap 986.74M
Revenue (ttm) 1.72B
Net Income (ttm) 108.55M
Shares Out 25.66M
EPS (ttm) 4.09
PE Ratio 7.83
Forward PE 7.81
Dividend $0.96 (3.00%)
Ex-Dividend Date Nov 21, 2023
Volume 2,722,898
Open 36.25
Previous Close 37.13
Day's Range 31.80 - 36.68
52-Week Range 31.80 - 121.38
Beta 1.06
Analysts Buy
Price Target 72.50 (+126.28%)
Earnings Date Feb 28, 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 final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedit... [Read more]

Sector Industrials
IPO Date Nov 16, 1993
Employees 4,427
Stock Exchange NASDAQ
Ticker Symbol FWRD
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for FWRD stock is "Buy." The 12-month stock price forecast is $72.5, which is an increase of 126.28% from the latest price.

Price Target
$72.5
(126.28% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

4 days ago - Business Wire

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...

16 days ago - Business Wire

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.

Other symbols: CHRWESEFORRIBEX
20 days ago - Benzinga

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...

25 days ago - Business Wire

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...

27 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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,...

5 weeks ago - PRNewsWire

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...

5 weeks ago - Business Wire

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 ...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

3 months ago - Business Wire

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...

3 months ago - PRNewsWire

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...

3 months ago - Business Wire

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...

3 months ago - Business Wire

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"),...

3 months ago - PRNewsWire

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - PRNewsWire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - PRNewsWire

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...

4 months ago - Business Wire

Forward Air Corporation Announces Timing of Third Quarter 2023 Earnings Release and Conference Call

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its third quarter 2023 earnings after the market closes on Monday, October 30, 2023 and hold a conference call t...

4 months ago - Business Wire

Forward Air's stock driven higher after activist investor says stock can soar more than 80% if shareholders take action

Shares of Forward Air Corp. FWRD, +5.04% were driven up 4.8% in morning trading Tuesday, after activist investor Ancora Alternatives LLC said it believes the less-than-truckload and freight services c...

4 months ago - Market Watch