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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 - $67.20
Previous Close$28.93
Volume1.50M
Average Volume (3M)655.81K
Market Cap
$893.82M
Enterprise Value$2.96B
Total Cash (Recent Filing)$136.62M
Total Debt (Recent Filing)$2.09B
Price to Earnings (P/E)―
Beta1.05
Next Earnings
Feb 06, 2025EPS Estimate
-$0.12Last Dividend Ex-Date
Nov 21, 2023Dividend Yield0.78%
Share Statistics
EPS (TTM)-31.62
Shares Outstanding28,954,411
10 Day Avg. Volume427,132
30 Day Avg. Volume655,807
Standard Deviation0.13
R-Squared0.16
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)3.70
Price to Sales (P/S)0.45
Price to Cash Flow (P/CF)4.40
P/FCF Ratio5.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.68
Enterprise Value/Gross Profit8.95
Enterprise Value/Ebitda-2.80
Forecast
1Y Price Target
$37.00Price Target Upside27.89% Upside
Rating ConsensusHold
Number of Analyst Covering4
Forward Air News
PremiumCompany Announcements
Forward Air’s Strategic Shift and Q3 2024 Earnings
Bulls Say, Bears Say
Bulls Say
Cost SavingsThe company achieved an additional $17.9M of gross run-rate savings and expects to realize further savings in the upcoming periods.
Financial PerformanceFree cash flow and liquidity both favorably improved, working to delever the balance sheet.
Management StrategyManagement is committed to achieving targeted annualized run-rate savings and is taking action to further right-size the business.
Bears Say
EarningsQ324 EPS fell below expectations, with a diluted net loss from continuing operations of $2.62 per share, which was significantly below both analyst estimates and consensus.
Financial PerformanceCore trends remain noisy and mixed as incremental improvement in profitability at Omni was offset by weaker trends at Expedited Freight.
Market ConditionsThe trajectory for improvement is unlikely to be linear, and further weakening in macro conditions represents a clear risk.
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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 $67.20 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 Feb 06, 2025 which is in 46 days.
How were Forward Air Corp.’s earnings last quarter?
Forward Air Corp. released its earnings results on Nov 04, 2024. The company reported -$2.62 earnings per share for the quarter, missing the consensus estimate of -$0.17 by -$2.45.
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 $0.239 which represents an annual dividend yield of 0.78%. See more information on Forward Air Corp. dividends here
What is Forward Air Corp.’s EPS estimate?
Forward Air Corp.’s EPS estimate is -$0.12.
How many shares outstanding does Forward Air Corp. have?
Forward Air Corp. has 28,954,410 shares outstanding.
What happened to Forward Air Corp.’s price movement after its last earnings report?
Forward Air Corp. reported an EPS of -$2.62 in its last earnings report, missing expectations of -$0.17. Following the earnings report the stock price went up 8.212%.
Which hedge fund is a major shareholder of Forward Air Corp.?
Among the largest hedge funds holding Forward Air Corp.’s share is Goldentree Asset Management Lp. It holds Forward Air Corp.’s shares valued at 14M.
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Forward Air Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$37.00 (27.89% Upside)
$37.00 (27.89% Upside)
Hedge Fund Trend
Increased
By 430.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 13.8%
Last 30 Days ▼ 13.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-54.53%
12-Months-Change
Fundamentals
Return on Equity
-176.98%
Trailing 12-Months
Asset Growth
156.67%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and positive cash flow improvements, largely driven by the Omni acquisition. However, challenges remain in the Expedited Freight segment's pricing strategy and a decrease in Intermodal revenue. While integration efforts are ahead of plan, the company has lowered its full-year EBITDA guidance due to ongoing macroeconomic challenges.Read More>---
FWRD Stock 12 Month Forecast
Average Price Target
$37.00
▲(27.89% Upside)
Technical Analysis
Best Analysts Covering FWRD
1 Year
1 Year Success Rate
0/4 ratings generated profit
1 Year Average Return
-30.30%
reiterated a buy rating 2 months ago
Copying Stephanie Moore's trades and holding each position for 1 Year would result in 0.00% of your transactions generating a profit, with an average return of -30.30% per trade.
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