NASDAQ:FWRD Forward Air (FWRD) Stock Price, News & Analysis $31.94 +0.12 (+0.38%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$31.48▼$32.5550-Day Range$18.65▼$33.5052-Week Range$11.21▼$79.51Volume486,905 shsAverage Volume1.05 million shsMarket Capitalization$844.43 millionP/E Ratio9.34Dividend YieldN/APrice Target$51.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Forward Air alerts: Email Address Forward Air MarketRank™ Stock AnalysisAnalyst RatingHold2.20 Rating ScoreUpside/Downside59.7% Upside$51.00 Price TargetShort InterestBearish25.16% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.26Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($1.01) to $0.46 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.33 out of 5 starsTransportation Sector83rd out of 120 stocksFreight Transportation Arrangement Industry4th out of 6 stocks 3.1 Analyst's Opinion Consensus RatingForward Air has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageForward Air has only been the subject of 2 research reports in the past 90 days.Read more about Forward Air's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted25.16% of the float of Forward Air has been sold short.Short Interest Ratio / Days to CoverForward Air has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Forward Air has recently decreased by 3.89%, indicating that investor sentiment is improving. Previous Next 0.8 Dividend Strength Dividend YieldForward Air does not currently pay a dividend.Dividend GrowthForward Air does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Forward Air is 28.07%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Forward Air will have a dividend payout ratio of 208.70% in the coming year. This indicates that Forward Air may not be able to sustain their current dividend.Read more about Forward Air's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FWRD. Previous Next 1.3 News and Social Media Coverage News SentimentForward Air has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Forward Air this week, compared to 5 articles on an average week.Search InterestOnly 3 people have searched for FWRD on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Forward Air to their MarketBeat watchlist in the last 30 days. This is a decrease of -91% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Forward Air insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.70% of the stock of Forward Air is held by insiders.Percentage Held by Institutions97.03% of the stock of Forward Air is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Forward Air's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Forward Air are expected to grow in the coming year, from ($1.01) to $0.46 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Forward Air is 9.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Forward Air is 9.34, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 20.49.Price to Book Value per Share RatioForward Air has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Forward Air's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Golden CrestBiden’s Capital Gains Tax to Devastate Savings!Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.>> Get Your FREE Wealth Protection Guide << About Forward Air Stock (NASDAQ: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, 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. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.Read More FWRD Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FWRD Stock News HeadlinesSeptember 7 at 9:06 AM | cnbc.comActivist Ancora joins investors' calls for a strategic review at Forward Air. Here's what may happen nextAugust 22, 2024 | msn.comAre Options Traders Betting on a Big Move in Forward Air (FWRD) Stock?September 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 20, 2024 | ca.finance.yahoo.comForward Air Corporation (FA2.F)August 20, 2024 | finance.yahoo.comForward Air investor flips to activist, may explore ‘strategic alternatives’August 20, 2024 | investing.comActivist investor Ancora says Forward Air should consider sale following 'lost decade'August 20, 2024 | finance.yahoo.comActivist investor urges Forward Air to go privateAugust 20, 2024 | reuters.comExclusive: Activist Ancora pushes Forward Air to consider sale, letter to board saysSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 20, 2024 | seekingalpha.comForward Air gains after activist Ancora pushes for strategic review, saleAugust 15, 2024 | msn.comI’ve Never Felt Better In a Pair of Pants Than I Do In These Barrel JeansAugust 10, 2024 | seekingalpha.comForward Air Corporation 2024 Q2 - Results - Earnings Call PresentationAugust 8, 2024 | fool.comWhy Forward Air Stock Is Up Big TodayAugust 8, 2024 | finance.yahoo.comForward Air focuses on integration, revenue opportunities after Omni mergerAugust 8, 2024 | finance.yahoo.comForward Air Corporation Reports Second Quarter 2024 ResultsAugust 6, 2024 | finance.yahoo.comFWRD Jan 2025 30.000 put (FWRD250117P00030000)August 6, 2024 | finance.yahoo.comFWRD Mar 2025 30.000 put (FWRD250321P00030000)August 5, 2024 | investorplace.com7 Undervalued Stocks That Could Surge 500% in the Next 12 MonthsSee More Headlines Receive FWRD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Forward Air and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/07/2024Today9/07/2024Next Earnings (Estimated)11/04/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorTransportation Industry Freight transportation arrangement Sub-IndustryAir Freight & Logistics Current SymbolNASDAQ:FWRD CUSIP34985310 CIK912728 Webwww.forwardair.com Phone(423) 636-7000Fax423-783-9019Employees4,251Year Founded1993Price Target and Rating Average Stock Price Target$51.00 High Stock Price Target$75.00 Low Stock Price Target$24.00 Potential Upside/Downside+59.7%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$3.42 Trailing P/E Ratio9.34 Forward P/E RatioN/A P/E GrowthN/ANet Income$167.35 million Net Margins-30.77% Pretax Margin-65.06% Return on Equity-79.11% Return on Assets-22.09% Debt Debt-to-Equity Ratio4.70 Current Ratio1.33 Quick Ratio1.33 Sales & Book Value Annual Sales$1.86 billion Price / Sales0.45 Cash Flow$6.25 per share Price / Cash Flow5.11 Book Value$13.15 per share Price / Book2.43Miscellaneous Outstanding Shares26,438,000Free Float25,195,000Market Cap$844.43 million OptionableOptionable Beta1.02 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Michael L. Hance (Age 52)Interim CEO, Chief Legal Officer & Secretary Comp: $1.3MMr. Chris C. Ruble (Age 61)President & COO Comp: $1.74MMs. Rebecca J. Garbrick (Age 48)CFO & Treasurer Comp: $1.14MMr. Kyle R. Mitchin (Age 44)Chief People Officer Comp: $926.9kMr. Joseph Michael Tomasello (Age 47)Chief Information Officer Ms. Nancee Ronning (Age 63)Chief Commercial Officer More ExecutivesKey CompetitorsEcho Global LogisticsNASDAQ:ECHORocket Lab USANASDAQ:RKLBHub GroupNASDAQ:HUBGAir Transport Services GroupNASDAQ:ATSGPark-OhioNASDAQ:PKOHView All CompetitorsInstitutional OwnershipPoint72 Asset Management L.P.Bought 375,700 shares on 8/19/2024Ownership: 1.409%Murchinson Ltd.Sold 5,200 shares on 8/16/2024Ownership: 0.000%Deerfield Management Company L.P. Series CBought 12,703 shares on 8/15/2024Ownership: 0.048%The Manufacturers Life Insurance Company Sold 667 shares on 8/15/2024Ownership: 0.047%Point72 Asia Singapore Pte. Ltd.Bought 9,521 shares on 8/15/2024Ownership: 0.036%View All Institutional Transactions FWRD Stock Analysis - Frequently Asked Questions How have FWRD shares performed this year? Forward Air's stock was trading at $62.87 at the beginning of the year. Since then, FWRD shares have decreased by 49.2% and is now trading at $31.94. View the best growth stocks for 2024 here. How were Forward Air's earnings last quarter? Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings data on Wednesday, August, 7th. The transportation company reported ($23.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by $23.11. The firm's revenue was up 92.9% compared to the same quarter last year. What is Bruce A. Campbell's approval rating as Forward Air's CEO? 101 employees have rated Forward Air Chief Executive Officer Bruce A. Campbell on Glassdoor.com. Bruce A. Campbell has an approval rating of 54% among the company's employees. This puts Bruce A. Campbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 56.0% of employees surveyed would recommend working at Forward Air to a friend. Does Forward Air have any subsidiaries? Forward Air subsidiaries include these companies: Atlantic Trucking Company, CLP Towne, Central States Logistics, Central States Trucking, Total Quality, Service Express, Pinch Holdings, and more. Who are Forward Air's major shareholders? Top institutional shareholders of Forward Air include Clearlake Capital Group L.P. (14.47%), Ridgemont Partners Management LLC (7.23%), Private Management Group Inc. (5.06%) and MFN Partners Management LP (3.42%). Insiders that own company stock include Thomas Schmitt, Michael L Hance, Chris C Ruble, Kyle R Mitchin, Laurie Anne Tucker, Nancee L Ronning and Javier Polit. View institutional ownership trends. How do I buy shares of Forward Air? Shares of FWRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Forward Air own? Based on aggregate information from My MarketBeat watchlists, some other companies that Forward Air investors own include Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Albemarle (ALB), Carnival Co. & (CCL), Dominion Energy (D) and Eastman Chemical (EMN). 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