Forward Air (FWRD) Stock Price, News & Analysis

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FWRD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FWRD, but not buy additional shares or sell existing shares.
View FWRD analyst ratings or view top-rated stocks.

8 brokers have issued 1 year price targets for Forward Air's stock. Their FWRD share price targets range from $40.00 to $130.00. On average, they predict the company's share price to reach $80.14 in the next year. This suggests a possible upside of 252.3% from the stock's current price.
View analysts price targets for FWRD or view top-rated stocks among Wall Street analysts.

Forward Air's stock was trading at $62.87 at the beginning of the year. Since then, FWRD stock has decreased by 63.8% and is now trading at $22.75.
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Forward Air saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,700,000 shares, an increase of 10.8% from the March 15th total of 3,340,000 shares. Based on an average daily trading volume, of 970,600 shares, the short-interest ratio is currently 3.8 days. Approximately 15.6% of the shares of the stock are short sold.
View Forward Air's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our FWRD earnings forecast.

Forward Air Co. (NASDAQ:FWRD) issued its earnings results on Thursday, February, 29th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by $0.16. The transportation company earned $338.43 million during the quarter, compared to analysts' expectations of $406.96 million. Forward Air had a trailing twelve-month return on equity of 15.30% and a net margin of 10.58%. Forward Air's revenue was down 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 earnings per share.

Forward Air declared a quarterly dividend on Tuesday, October 24th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.24 per share on Thursday, December 7th. This represents a $0.96 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Tuesday, November 21st.
Read our dividend analysis for FWRD.

Forward Air (NASDAQ:FWRD) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.81%. The dividend payout ratio is 14.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FWRD will have a dividend payout ratio of 67.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FWRD.

ETFs with the largest weight of Forward Air (NASDAQ:FWRD) stock in their portfolio include SPDR S&P Transportation ETF (XTN), iShares S&P Small-Cap 600 Growth ETF (IJT), First Trust Nasdaq Transportation ETF (FTXR), Principal US Small-Cap Adaptive Multi-Factor ETF (PLTL), Avantis U.S. Small Cap Equity ETF (AVSC), SPDR S&P 600 Small Cap ETF (SLY) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR).

101 employees have rated Forward Air Chief Executive Officer Bruce A. Campbell on Glassdoor.com. Bruce A. Campbell has an approval rating of 54% among the company's employees. This puts Bruce A. Campbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 56.0% of employees surveyed would recommend working at Forward Air to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Forward Air investors own include Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Albemarle (ALB), Carnival Co. & (CCL), Dominion Energy (D), Eastman Chemical (EMN), International Paper (IP), Phillips 66 (PSX) and Skyworks Solutions (SWKS).

Forward Air's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cardinal Capital Management (0.16%) and Northwest Investment Counselors LLC (0.05%). Insiders that own company stock include Chris C Ruble, George M Lynch, George S Mayes Jr, Javier Polit, Kyle R Mitchin, Laurie Anne Tucker, Michael L Hance, Nancee L Ronning, Pharmaceutical Co Ltd Takeda and Thomas Schmitt.
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Shares of FWRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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