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Forward Air Corp. (FWRD)
NASDAQ:FWRD
FWRD Stock Chart & Stats
$24.65
-$0.32(-1.00%)
At close: 4:00 PM EST
$24.65
-$0.32(-1.00%)
Day’s Range― - ―
52-Week Range$9.79 - $32.47
Previous CloseN/A
Volume84.26K
Average Volume (3M)775.67K
Market Cap
$770.27M
Enterprise Value$3.15B
Total Cash (Recent Filing)$106.00M
Total Debt (Recent Filing)$2.49B
Price to Earnings (P/E)―
Beta2.05
Next Earnings
Apr 23, 2026EPS Estimate
-0.38Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.26
Shares Outstanding31,248,234
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 Cap4.09
Enterprise Value/Revenue1.26
Enterprise Value/Gross Profit6.17
Enterprise Value/Ebitda16.92
Forecast
1Y Price Target
$37.00Price Target Upside50.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.73
Revenue Forecast (FY)$2.60B
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 $9.79 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 $770.27M.
When is Forward Air Corp.’s upcoming earnings report date?
Forward Air Corp.’s upcoming earnings report date is Apr 23, 2026 which is in 50 days.
How were Forward Air Corp.’s earnings last quarter?
Forward Air Corp. released its earnings results on Feb 23, 2026. The company reported -$0.258 earnings per share for the quarter, beating the consensus estimate of -$0.262 by $0.004.
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 -0.38.
How many shares outstanding does Forward Air Corp. have?
Forward Air Corp. has 31,248,234 shares outstanding.
What happened to Forward Air Corp.’s price movement after its last earnings report?
Forward Air Corp. reported an EPS of -$0.258 in its last earnings report, beating expectations of -$0.262. Following the earnings report the stock price went up 4.549%.
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$37.00 (50.10% Upside)
$37.00 (50.10% Upside)
Blogger Sentiment
Bullish
FWRD Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 56.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.5M over
the Last 3 Months
the Last 3 Months
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated multiple operational and financial improvements: strong adjusted EBITDA growth (+$40M), substantial Omni Logistics gains (EBITDA nearly doubled, margin +360 bps), Expedited Freight margin recovery (+110 bps full year; Q4 margin +350 bps) and a notable $113M year-over-year improvement in operating cash flow. These positives were tempered by persistent industry headwinds—declining tonnage, weak Intermodal results, a $20M software impairment, a slightly lower consolidated EBITDA year-over-year and ongoing uncertainty around the strategic alternatives review. Overall, the company emphasized transformation, cost discipline and positioning for recovery, and the tangible improvements in profitability, margins and cash generation outweigh the remaining challenges.View all FWRD earnings summariesFWRD Stock 12 Month Forecast
Average Price Target
$37.00
▲(50.10% Upside)
Technical Analysis
Ownership Overview
6.06% Insiders
15.65% Mutual Funds
21.61% Other Institutional Investors
35.26% Public Companies and
Individual Investors