Forward Air (FWRD) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $27.57 to $29.20
• 50-Day Range: $28.93 to $40.16
• 52-Week Range: $11.21 to $66.07
• Volume: 758,020 shs
• Average Volume: 957,213 shs
• Market Capitalization: $824.32 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $39.25
• Consensus Rating: Hold

Forward Air Stock Analysis - MarketRank™

Forward Air scored higher than 37% of companies evaluated by MarketBeat, and ranked 100th out of 129 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Forward 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 Coverage

Forward Air has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -50.52%

Earnings Growth

Earnings for Forward Air are expected to decrease by -50.52% in the coming year, from $1.94 to $0.96 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Forward Air is -1.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Forward Air is -1.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Forward Air has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

21.44% of the float of Forward Air has been sold short.

Short Interest Ratio / Days to Cover

Forward Air has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in Forward Air has recently decreased by 3.86%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Forward Air does not currently pay a dividend.

Dividend Growth

Forward Air does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Forward Air will have a dividend payout ratio of 100.00% in the coming year. This indicates that Forward Air may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

21.44% of the float of Forward Air has been sold short.

Short Interest Ratio / Days to Cover

Forward Air has a short interest ratio ("days to cover") of 5.6.

Change versus previous month

Short interest in Forward Air has recently decreased by 3.86%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.78

News Sentiment

Forward Air has a news sentiment score of 0.78. 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 higher news sentiment than the 0.62 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Forward Air this week, compared to 5 articles on an average week.

MarketBeat Follows

Only 3 people have added Forward Air to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Forward Air insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.70% of the stock of Forward Air is held by insiders.

Percentage Held by Institutions

97.03% of the stock of Forward Air is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FWRD Stock Analysis - Frequently Asked Questions

How have FWRD shares performed this year?

Forward Air's stock was trading at $62.87 at the start of the year. Since then, FWRD shares have decreased by 54.7% and is now trading at $28.47.
View the best growth stocks for 2024 here.

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) announced its quarterly earnings results 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. Forward Air's quarterly revenue was up 92.9% on a year-over-year basis.

Does Forward Air have any subsidiaries?

Forward Air subsidiaries include 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 investors of Forward Air include Littlejohn & Co. LLC (5.75%), Private Management Group Inc. (3.67%), State Street Corp (3.26%) and Charles Schwab Investment Management Inc. (2.44%). Insiders that own company stock include Thomas Schmitt, Michael L Hance, Chris C Ruble, Kyle R Mitchin, Laurie Anne Tucker and Nancee L Ronning.
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 NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Netflix (NFLX) and Adobe (ADBE).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 12/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Freight transportation arrangement
• Sub-Industry: Air Freight & Logistics
• Current Symbol: NASDAQ:FWRD
• CUSIP: 34985310
• CIK: 912728
• Web: www.forwardair.com
• Phone: (423) 636-7000
• Fax: 423-783-9019
• Employees: 4,251
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $39.25
• High Stock Price Target: $50.00
• Low Stock Price Target: $24.00
• Potential Upside/Downside: +38.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($23.83)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 14.62
• P/E Growth: N/A
• Net Income: $167.35 million
• Net Margins: -31.14%
• Pretax Margin: -59.75%
• Return on Equity: -98.80%
• Return on Assets: -21.16%

Debt

• Debt-to-Equity Ratio: 5.07
• Current Ratio: 1.21
• Quick Ratio: 1.21

Sales & Book Value

• Annual Sales: $2.18 billion
• Price / Sales: 0.38
• Cash Flow: $5.22 per share
• Price / Cash Flow: 5.43
• Book Value: $29.74 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 28,954,000
• Free Float: 27,593,000
• Market Cap: $821.42 million
• Optionable: Optionable
• Beta: 1.02