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Forward Air Corp. (FWRD)
NASDAQ:FWRD
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FWRD Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.21 - $79.51
Previous Close$37.19
Volume564.53K
Average Volume (3M)930.26K
Market Cap
$978.36M
Enterprise Value$3.09B
Total Cash (Recent Filing)$84.89M
Total Debt (Recent Filing)$2.06B
Price to Earnings (P/E)―
Beta0.86
Next Earnings
Oct 23, 2024EPS Estimate
-$0.15Last Dividend Ex-Date
Nov 21, 2023Dividend Yield2.63%
Share Statistics
EPS (TTM)-28.63
Shares Outstanding27,699,916
10 Day Avg. Volume917,370
30 Day Avg. Volume930,261
Standard Deviation0.13
R-Squared0.16
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)3.63
Price to Sales (P/S)0.58
Price to Cash Flow (P/CF)-5.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.93
Enterprise Value/Gross Profit9.35
Enterprise Value/Ebitda-3.32
Forecast
1Y Price Target
$27.50Price Target Upside-22.14% Downside
Rating ConsensusHold
Number of Analyst Covering3
Forward Air News
Bulls Say, Bears Say
Bulls Say
Customer RelationshipsCustomer and sales force retention remain positive, as evidenced by a 'substantial' volume win from a Fortune 500 global technology company and a recently renewed contract from a top 20 legacy customer.
LeadershipInternational freight trends appear to be improving, and the new CFO announcement is viewed as an incremental positive.
ManagementManagement is committed to achieving the targeted $75M of annualized run-rate savings and is taking action to further right-size the business.
Bears Say
Financial PerformanceQ1 results were much weaker than expected in the first report since closing on the Omni acquisition.
Macroeconomic ConditionsFurther weakening in macro conditions represents a clear risk.
ProfitabilityVisibility to improving profitability remains low, and there is little margin for error to remain compliant with covenants.
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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 $11.21 and its highest was $79.51 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 Oct 23, 2024 which is in 32 days.
How were Forward Air Corp.’s earnings last quarter?
Forward Air Corp. released its earnings results on Aug 07, 2024. The company reported -$23.29 earnings per share for the quarter, missing the consensus estimate of -$0.183 by -$23.107.
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 2.63%. See more information on Forward Air Corp. dividends here
What is Forward Air Corp.’s EPS estimate?
Forward Air Corp.’s EPS estimate is -$0.15.
How many shares outstanding does Forward Air Corp. have?
Forward Air Corp. has 27,699,917 shares outstanding.
What happened to Forward Air Corp.’s price movement after its last earnings report?
Forward Air Corp. reported an EPS of -$23.29 in its last earnings report, missing expectations of -$0.183. Following the earnings report the stock price went up 21.067%.
Which hedge fund is a major shareholder of Forward Air Corp.?
Among the largest hedge funds holding Forward Air Corp.’s share is Royce & Associates LLC. It holds Forward Air Corp.’s shares valued at 2M.
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Forward Air Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$27.50 (-22.14% Downside)
$27.50 (-22.14% Downside)
Blogger Sentiment
Bullish
FWRD Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 10.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 7.6%
Last 30 Days ▼ 7.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-45.46%
12-Months-Change
Fundamentals
Return on Equity
-147.83%
Trailing 12-Months
Asset Growth
158.94%
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 Company Deck
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FWRD Earnings Call
Q2 2024
0:00 / 0:00
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FWRD Stock 12 Month Forecast
Average Price Target
$27.50
▼(-22.14% Downside)
Technical Analysis
Best Analysts Covering FWRD
1 Year
1 Year Success Rate
9/18 ratings generated profit
1 Year Average Return
-14.06%
reiterated a buy rating 11 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 -14.06% per trade.
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