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Forward Air Corp. (FWRD)
NASDAQ:FWRD
FWRD Stock Chart & Stats
$26.00
-$0.32(-1.00%)
At close: 4:00 PM EST
$26.00
-$0.32(-1.00%)
Day’s Range― - ―
52-Week Range$9.79 - $35.47
Previous CloseN/A
Volume84.26K
Average Volume (3M)775.67K
Market Cap
$558.57M
Enterprise Value$2.88B
Total Cash (Recent Filing)$140.35M
Total Debt (Recent Filing)$2.16B
Price to Earnings (P/E)―
Beta1.72
Next Earnings
Feb 05, 2026EPS Estimate
-0.24Last Dividend Ex-Date
Nov 21, 2023Dividend YieldN/A
Share Statistics
EPS (TTM)-0.52
Shares Outstanding30,791,899
10 Day Avg. Volume925,609
30 Day Avg. Volume775,667
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)4.40
Price to Sales (P/S)0.36
P/FCF Ratio-7.90
Enterprise Value/Market Cap5.15
Enterprise Value/Revenue1.15
Enterprise Value/Gross Profit9.68
Enterprise Value/Ebitda10.94
Forecast
1Y Price Target
$30.00Price Target Upside15.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Cost ReductionCost reduction initiatives expected to generate $12m in annualized savings helped offset softer topline trends as management continues executing its plan to unify the business post-merger.
Financial PerformanceTrailing twelve-month EBITDA of $299m implies a 5.5x net leverage ratio, providing roughly $50m of cushion relative to the Credit Agreement’s consolidated first-lien net leverage covenant, allowing FWRD to maintain a comfortable covenant buffer.
Strategic ReviewThe strategic alternatives review remains ongoing, with discussions held with multiple interested parties and new inbound interest emerging, supporting the stock following recent weakness.
Bears Say
Freight Market ConditionsThe freight market remains sluggish, prompting a lowering of estimates despite stability in the results.
Market RatingsWe maintain our Hold rating, as we look for sustained LTL segment improvement and greater visibility into Omni’s financial performance.
Forward Air News
FWRD FAQ
What was Forward Air Corp.’s price range in the past 12 months?
Forward Air Corp. lowest stock price was $9.79 and its highest was $35.47 in the past 12 months.
What is Forward Air Corp.’s market cap?
Forward Air Corp.’s market cap is $558.57M.
When is Forward Air Corp.’s upcoming earnings report date?
Forward Air Corp.’s upcoming earnings report date is Feb 05, 2026 which is in 55 days.
How were Forward Air Corp.’s earnings last quarter?
Forward Air Corp. released its earnings results on Nov 05, 2025. The company reported -$0.52 earnings per share for the quarter, missing the consensus estimate of -$0.165 by -$0.355.
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 N/A. See more information on Forward Air Corp. dividends here
What is Forward Air Corp.’s EPS estimate?
Forward Air Corp.’s EPS estimate is -0.24.
How many shares outstanding does Forward Air Corp. have?
Forward Air Corp. has 30,791,899 shares outstanding.
What happened to Forward Air Corp.’s price movement after its last earnings report?
Forward Air Corp. reported an EPS of -$0.52 in its last earnings report, missing expectations of -$0.165. Following the earnings report the stock price went up 18.146%.
Which hedge fund is a major shareholder of Forward Air Corp.?
Currently, no hedge funds are holding shares in FWRD
Forward Air Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$30.00 (15.38% Upside)
$30.00 (15.38% Upside)
Hedge Fund Trend
Increased
By 163.9K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Negative
20 days / 200 days
Momentum
-49.85%
12-Months-Change
Fundamentals
Return on Equity
-63.14%
Trailing 12-Months
Asset Growth
-9.98%
Trailing 12-Months
Company Description
Forward Air Corp.
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 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.
FWRD Company Deck
FWRD Earnings Call
Q3 2025
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflects a company navigating through challenging market conditions and a strategic review process with positive operational adjustments, consistent EBITDA performance, and significant progress in tech and operational efficiencies. However, the freight recession and declines in certain segments present ongoing challenges.View all FWRD earnings summariesFWRD Stock 12 Month Forecast
Average Price Target
$30.00
▲(15.38% Upside)
Technical Analysis
Ownership Overview
6.05% Insiders
12.86% Mutual Funds
54.48% Other Institutional Investors
7.44% Public Companies and
Individual Investors