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Forward Air Corporation (FWRD)

NASDAQ: FWRD · IEX Real-Time Price · USD
86.71
+0.21 (0.24%)
After-hours:Sep 24, 2021 4:41 PM EDT
86.50
0.93 (1.09%)
At close: Sep 24, 4:00 PM
Market Cap2.36B
Revenue (ttm)1.47B
Net Income (ttm)54.06M
Shares Out27.10M
EPS (ttm)1.96
PE Ratio44.09
Forward PEn/a
Dividend$0.81 (0.94%)
Ex-Dividend DateAug 19, 2021
Volume53,581
Open86.28
Previous Close85.57
Day's Range85.88 - 87.42
52-Week Range53.08 - 100.46
Beta1.14
AnalystsBuy
Price Target108.20 (+25.1%)
Est. Earnings DateOct 28, 2021

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...

IndustryAir Freight & Logistics
IPO DateNov 16, 1993
Employees3,774
Stock ExchangeNASDAQ
Ticker SymbolFWRD
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 Forecast

According to 6 analysts, the average rating for Forward Air stock is "Buy." The 12-month stock price forecast is 108.20, which is an increase of 25.09% from the latest price.

Price Target
$108.20
(25.09% upside)
Analyst Consensus: Buy

News

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.

3 weeks ago - Zacks Investment Research

Surging Earnings Estimates Signal Upside for Forward Air (FWRD) Stock

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

1 month ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

New Strong Buy Stocks for August 6th

TMST, BP, ESEA, WWW, and FWRD have been added to the Zacks Rank #1 (Strong Buy) List on August 6, 2021.

Other symbols:BPESEATMSTWWW
1 month ago - Zacks Investment Research

Forward Air (FWRD) Q2 Earnings and Revenues Beat Estimates

Forward Air (FWRD) delivered earnings and revenue surprises of 19.35% and 7.62%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Forward Air sets quarterly financial records, sees record volumes in Q3

In a record-setting quarter, Forward Air reported net income from continuing operations of $1.11 per share Thursday after market close, easily exceeding the consensus estimate of 96 cents and 78 cents h...

1 month ago - FreightWaves

Forward Air Corporation Reports Second Quarter 2021 Results

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three and six months ended June 30, 2021 as pres...

1 month ago - Business Wire

Trucking Stocks Are Still Going Places

Trucking is a rather attractive market right now.

1 month ago - Zacks Investment Research

3 Reasons Growth Investors Will Love Forward Air (FWRD)

Forward Air (FWRD) could produce exceptional returns because of its solid growth attributes.

2 months ago - Zacks Investment Research

Forward Air (FWRD) Earnings Expected to Grow: Should You Buy?

Forward Air (FWRD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Forward Air Corporation Announces New LTL Service Offering in Vancouver

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 months ago - Business Wire

Forward Air (FWRD) Upgraded to Strong Buy: Here's Why

Forward Air (FWRD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

2 months ago - Zacks Investment Research

Forward Air Corporation Announces Timing of Second Quarter 2021 Earnings Release and Conference Call

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

2 months ago - Business Wire

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...

2 months ago - Business Wire

Forward Air names recently hired Rebecca Garbrick to CFO role

Asset-light trucking and logistics provider Forward Air (NASDAQ: FWRD) announced Friday that Rebecca Garbrick will become the company's CFO and treasurer effective July 4. Garbrick joined Forward in Nov...

2 months ago - FreightWaves

Forward Announces New Chief Financial Officer

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 months ago - Business Wire

Forward Air Corporation Announces Expanded LTL Service Offering In Spokane, WA

GREENEVILLE, Tenn., June 14, 2021 /PRNewswire/ -- Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") is executing a growth strategy that involves organic infrastructure investments, suc...

3 months ago - PRNewsWire

Forward Air Announces New Destination-Based Compensation Increase for Fleet Partners

GREENEVILLE, Tenn., June 8, 2021 /PRNewswire/ -- Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") is executing a growth strategy that involves organic infrastructure investments such ...

3 months ago - PRNewsWire

7 Transportation Stocks That Are Keeping the Economy Flowing

Economists are predicting a post-pandemic boom with consumers opening their wallets, and transportation stocks will benefit. The post 7 Transportation Stocks That Are Keeping the Economy Flowing appeare...

Other symbols:CPFDXLSTRMATXSAIAUPS
3 months ago - InvestorPlace

Aflac Among Today's Top Buys As Investors Overlook Disappointing Inflation Data

The Dow Jones rose 220 points, the S&P 500 jumped 0.8%, and the Nasdaq popped 1.2%. Make the most of this market with today's top buys from Q.ai's artificial intelligence.

Other symbols:AFLKWRSCCO
4 months ago - Forbes

Forward Air Corporation Announces New LTL Service in Wichita, KS

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...

4 months ago - Business Wire

13 Stocks Activist Investors Are Buying

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

4 months ago - Kiplinger

Why Forward Air's Stock Is Moving

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...

4 months ago - Benzinga

Forward Air sees more ‘double-doubles' as company returns to form

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...

4 months ago - FreightWaves

Forward Air (FWRD) Q1 Earnings and Revenues Beat Estimates

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?

4 months ago - Zacks Investment Research