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Forward Air Corp. (FWRD)
NASDAQ:FWRD
Forward Air (FWRD) Stock Price & Analysis
209 Followers
FWRD Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$22.08 - $120.51
Previous Close$23.78
Volume906.70K
Average Volume (3M)1.02M
Market Cap
$610.24M
Enterprise Value$917.03M
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$306.79M
Price to Earnings (P/E)54.7
Beta0.88
Next Earnings
Apr 24, 2024EPS Estimate
$0.02Last Dividend Ex-Date
Nov 21, 2023Dividend Yield4.04%
Share Statistics
EPS (TTM)0.38
Shares Outstanding26,370,370
10 Day Avg. Volume822,585
30 Day Avg. Volume1,024,837
Standard Deviation0.11
R-Squared0.22
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)1.79
Price to Sales (P/S)0.32
Price to Cash Flow (P/CF)3.90
P/FCF Ratio2.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.50
Enterprise Value/Gross Profit0.57
Enterprise Value/Ebitda9.27
Forecast
1Y Price Target
$27.33Price Target Upside14.93% Upside
Rating ConsensusHold
Number of Analyst Covering4
Forward Air News
Bulls Say, Bears Say
Bulls Say
Business StrategyCustomer retention is a focal point, with management attributing the decline in domestic forwarder volumes to softer freight market conditions rather than customer attrition.
Corporate GovernanceFWRD strengthens its board by welcoming Gil West, an experienced executive, as an independent director.
LeadershipMichael Hance has taken the helm as Interim CEO at FWRD, bringing his expertise as the current Chief Legal Officer and Secretary.
Bears Say
Financial PerformanceCore Q4 earnings per share (EPS) were below expectations, with the company's adjusted EPS from continuing operations falling short of estimates.
Guidance And VisibilityThe company is withholding guidance due to the ongoing integration of a significant acquisition, leading to low visibility of its longer-term earnings potential.
Strategic ChallengesSignificant strategic changes and leadership turnover during a freight recession are expected to continue posing risks, especially with the recent major acquisition still integrating.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
FWRD FAQ
What was Forward Air Corp.’s price range in the past 12 months?
Forward Air Corp. lowest stock price was $22.08 and its highest was $120.50 in the past 12 months.
What is Forward Air Corp.’s market cap?
Currently, no data Available
When is Forward Air Corp.’s upcoming earnings report date?
Forward Air Corp.’s upcoming earnings report date is Apr 24, 2024 which is today.
How were Forward Air Corp.’s earnings last quarter?
Forward Air Corp. released its earnings results on Feb 28, 2024. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.981 by -$0.171.
Is Forward Air Corp. overvalued?
According to Wall Street analysts Forward Air Corp.’s price is currently Undervalued.
Does Forward Air Corp. pay dividends?
Forward Air Corp. pays a Quarterly dividend of $0.24 which represents an annual dividend yield of 4.04%. See more information on Forward Air Corp. dividends here
What is Forward Air Corp.’s EPS estimate?
Forward Air Corp.’s EPS estimate is $0.02.
How many shares outstanding does Forward Air Corp. have?
Forward Air Corp. has 25,662,064 shares outstanding.
What happened to Forward Air Corp.’s price movement after its last earnings report?
Forward Air Corp. reported an EPS of $0.81 in its last earnings report, missing expectations of $0.981. Following the earnings report the stock price went down -5.16%.
Which hedge fund is a major shareholder of Forward Air Corp.?
Among the largest hedge funds holding Forward Air Corp.’s share is Hotchkis & Wiley Capital Management LLC. It holds Forward Air Corp.’s shares valued at 11M.
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Forward Air Stock Smart Score
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$27.33 (14.93% Upside)
$27.33 (14.93% Upside)
Blogger Sentiment
Neutral
FWRD Sentiment 50%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 529.0 Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $24.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 2.1%
Last 30 Days ▼ 2.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-78.07%
12-Months-Change
Fundamentals
Return on Equity
6.89%
Trailing 12-Months
Asset Growth
140.38%
Trailing 12-Months
Company Description
Forward Air Corp.
Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL, Intermodal, and Pool Distribution. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The Pool Distribution segment provides in handling and distribution of time sensitive product. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.
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FWRD Earnings Call
Q4 2024
0:00 / 0:00
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FWRD Stock 12 Months Forecast
Average Price Target
$27.33
▲(14.93% Upside)
Technical Analysis
Best Analysts Covering FWRD
1 Year
1 Year Success Rate
9/18 ratings generated profit
1 Year Average Return
-14.89%
reiterated a buy rating 6 months ago
Copying Jack Atkins's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -14.89% per trade.
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