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FWRD Stock Chart & Stats
$22.18
-$0.32(-1.00%)
At close: 4:00 PM EST
$22.18
-$0.32(-1.00%)
Day’s Range― - ―
52-Week Range$7.86 - $32.47
Previous CloseN/A
Volume84.26K
Average Volume (3M)775.67K
Market Cap
$423.14M
Enterprise Value$2.44B
Total Cash (Recent Filing)$141.02M
Total Debt (Recent Filing)$2.15B
Price to Earnings (P/E)―
Beta2.09
Next Earnings
Jul 23, 2026EPS Estimate
-0.16Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.95
Shares Outstanding31,625,046
10 Day Avg. Volume925,609
30 Day Avg. Volume775,667
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)6.83
Price to Sales (P/S)0.31
P/FCF Ratio50.71
Enterprise Value/Market Cap5.76
Enterprise Value/Revenue0.99
Enterprise Value/Gross Profit9.89
Enterprise Value/Ebitda24.04
Forecast
1Y Price Target
$17.50Price Target Upside-21.10% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.8
Revenue Forecast (FY)$2.53B
Bulls Say, Bears Say
Bulls Say
Cost Reduction / Margin ImprovementCost reduction initiatives expected to generate $12 million in annualized savings should bolster margins and partially offset softer revenue trends, supporting cash flow improvement.
Financial Flexibility / Covenant HeadroomTrailing EBITDA and current leverage levels provide covenant headroom that reduces refinancing risk and preserves flexibility for capital allocation or strategic options.
Strategic Review / M&A ActivityOngoing strategic alternatives review has attracted multiple interested parties and new inbound interest, creating the potential for a transaction that could unlock shareholder value.
Bears Say
Analyst Estimate RevisionsAnalysts have lowered earnings estimates to reflect persistent weakness in freight volumes, which could increase downside risk to results.
Freight Market DemandA prolonged sluggish freight market continues to weigh on pricing and volumes, pressuring revenue growth and order flow.
Topline Pressure Limiting RecoverySofter topline trends may prevent cost cuts from fully offsetting revenue declines, limiting margin recovery and investor confidence.
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 $7.86 and its highest was $32.47 in the past 12 months.
What is Forward Air Corp.’s market cap?
Forward Air Corp.’s market cap is $423.14M.
When is Forward Air Corp.’s upcoming earnings report date?
Forward Air Corp.’s upcoming earnings report date is Jul 23, 2026 which is in 11 days.
How were Forward Air Corp.’s earnings last quarter?
Forward Air Corp. released its earnings results on May 07, 2026. The company reported -$0.773 earnings per share for the quarter, missing the consensus estimate of -$0.387 by -$0.386.
Is Forward Air Corp. overvalued?
According to Wall Street analysts Forward Air Corp.’s price is currently Overvalued.
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 -0.16.
How many shares outstanding does Forward Air Corp. have?
Forward Air Corp. has 31,625,046 shares outstanding.
What happened to Forward Air Corp.’s price movement after its last earnings report?
Forward Air Corp. reported an EPS of -$0.773 in its last earnings report, missing expectations of -$0.387. Following the earnings report the stock price went down -43.047%.
Which hedge fund is a major shareholder of Forward Air Corp.?
Currently, no hedge funds are holding shares in FWRD
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Forward Air Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$17.50 (-21.10% Downside)
$17.50 (-21.10% Downside)
Blogger Sentiment
Bullish
FWRD Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 35.2K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-49.85%
12-Months-Change
Fundamentals
Return on Equity
-75.30%
Trailing 12-Months
Asset Growth
-3.85%
Trailing 12-Months
Company Description
Forward Air Corp.
Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The Expedited Freight segment delivers time-sensitive regional, inter-regional, and national less-than-truckload (LTL) services, complemented by local collection and delivery capabilities. This comprehensive segment also extends to final-mile services, full truckload transport, cargo consolidation and deconsolidation, storage solutions, customs brokerage, and general freight handling. Furthermore, it encompasses expedited truckload brokerage, dedicated fleet operations, and specialized logistics for high-security or temperature-sensitive goods. The Intermodal segment primarily focuses on drayage services for intermodal containers. It also provides contract warehousing as well as container freight station (CFS) warehousing and related handling services. Forward Air caters to a diverse customer base, which includes freight forwarders, third-party logistics (3PL) providers, integrated air cargo companies, both passenger and cargo airlines, ocean carriers, and retailers. Founded in 1981, Forward Air Corporation is based in Greeneville, Tennessee.
FWRD Company Deck
FWRD Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call balanced meaningful operational and financial improvements (notably a large increase in operating income, stronger cash flow, healthy liquidity, segment margin gains, and strategic plans to sell non-core assets) against several material risks: a potential transition of a large customer (~$250M of 2025 revenue) expected in 2027, a sharp decline in the intermodal segment, and ongoing macro/geopolitical uncertainty that could pressure demand. Management emphasized confidence in service quality, active efforts to retain business, pricing discipline, and a plan to delever through targeted asset sales.View all FWRD earnings summariesFWRD Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
$17.50
▼(-21.10% Downside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
Ownership Overview
11.22% Insiders
14.52% Mutual Funds
0.01% Other Institutional Investors
61.65% Public Companies and
Individual Investors







