FWRD - Forward Air Corp Stock Price, Fair Value and News

14.29USD-1.11 (-7.21%)Market Closed

Market Summary

USD14.29-1.11

Market Closed

-7.21%

FWRD Alerts

Big jump in Revenue (Y/Y)

Big fall in earnings (Y/Y)
Losses in recent quarter

FWRD Stock Price

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FWRD RSI Chart

FWRD Valuation

Market Cap

377.8M

Price/Earnings (Trailing)

5.45

Price/Sales (Trailing)

0.24

EV/EBITDA

39.89

Price/Free Cashflow

7.18

FWRD Price/Sales (Trailing)

FWRD Profitability

EBT Margin

-6.35%

Return on Equity

7.48%

Return on Assets

1.75%

Free Cashflow Yield

13.92%

FWRD Fundamentals

FWRD Revenue

Revenue (TTM)

1.6B

Rev. Growth (Yr)

51.47%

Rev. Growth (Qtr)

60.1%

FWRD Earnings

Earnings (TTM)

69.3M

Earnings Growth (Yr)

-269.69%

Earnings Growth (Qtr)

-160.65%

Breaking Down FWRD Revenue

Last 7 days

-7.4%

Last 30 days

-36.9%

Last 90 days

-63.6%

Trailing 12 Months

-85.4%

How does FWRD drawdown profile look like?

FWRD Financial Health

Current Ratio

1.28

Debt/Equity

1.8

Debt/Cashflow

0.05

FWRD Investor Care

Dividend Yield

5.04%

Dividend/Share (TTM)

0.72

Shares Dilution (1Y)

1.85%

Diluted EPS (TTM)

2.24

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.6B	0	0	0
2023	1.6B	1.5B	1.4B	1.4B
2022	1.4B	1.4B	1.5B	1.7B
2021	1.3B	1.5B	1.6B	1.4B
2020	1.2B	1.2B	1.2B	1.3B
2019	1.3B	1.3B	1.3B	1.2B
2018	1.2B	1.3B	1.3B	1.3B
2017	1.0B	1.1B	1.1B	1.2B
2016	982.8M	971.7M	974.2M	982.5M
2015	815.3M	871.1M	916.8M	959.1M
2014	682.5M	716.5M	748.0M	781.0M
2013	588.9M	600.4M	626.9M	652.5M
2012	553.3M	569.4M	577.2M	584.4M
2011	497.2M	507.2M	521.5M	536.4M
2010	427.8M	450.2M	468.6M	483.9M
2009	0	455.4M	436.4M	417.4M
2008	0	0	0	474.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Tracking the Latest Insider Buys and Sells of Forward Air Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 29, 2024	stewart shawn	acquired	-	-	50,955	chief executive officer
Mar 15, 2024	tomasello joseph michael	acquired	-	-	2,073	chief information officer
Mar 15, 2024	hance michael l	acquired	-	-	30,703	clo and secretary
Mar 15, 2024	ruble chris c	sold (taxes)	-	-	-1,406	chief operating officer
Mar 15, 2024	garbrick rebecca j	acquired	-	-	9,818	cfo
Mar 15, 2024	mitchin kyle r	acquired	-	-	2,073	chief people officer
Mar 15, 2024	hance michael l	acquired	-	-	3,957	clo and secretary
Mar 15, 2024	ruble chris c	acquired	-	-	29,454	chief operating officer
Mar 15, 2024	mitchin kyle r	sold (taxes)	-	-	-577	chief people officer

Which funds bought or sold FWRD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-28.1	-818,074	451,811	-%
May 16, 2024	Ancora Advisors LLC	sold off	-100	-7,956,390	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.34	-906,283	798,563	-%
May 16, 2024	HANCOCK WHITNEY CORP	sold off	-100	-248,968	-	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-89.96	-4,493,420	234,849	-%
May 16, 2024	Tidal Investments LLC	added	103	5,856	664,105	0.01%
May 15, 2024	Interval Partners, LP	sold off	-100	-772,169	-	-%
May 15, 2024	PDT Partners, LLC	sold off	-100	-2,474,000	-	-%
May 15, 2024	AMUNDI	added	30.02	-131,052	114,888	-%
May 15, 2024	CAPITAL FUND MANAGEMENT S.A.	added	174	389,101	1,477,570	-%

Are Funds Buying or Selling FWRD?

Are funds buying FWRD calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FWRD

No. of Funds

Unveiling Forward Air Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 09, 2024	clearlake capital group, l.p.	13.8%	3,649,876	SC 13G
Feb 13, 2024	vanguard group inc	11.62%	2,982,873	SC 13G/A
Feb 05, 2024	ridgemont equity management iii, llc	4.2%	1,152,846	SC 13D
Jan 22, 2024	blackrock inc.	16.0%	4,100,572	SC 13G/A
Nov 09, 2023	neuberger berman group llc	0.00%	1,568	SC 13G/A
Feb 10, 2023	neuberger berman group llc	5.17%	1,375,360	SC 13G
Feb 09, 2023	vanguard group inc	11.38%	3,025,510	SC 13G/A
Jan 26, 2023	blackrock inc.	16.0%	4,243,349	SC 13G/A
Jan 20, 2023	blackrock inc.	16.0%	4,243,349	SC 13G/A
Feb 16, 2022	ancora advisors, llc	1.4%	14,335	SC 13D/A

Recent SEC filings of Forward Air Corp

View All Filings

Date Filed	Form Type	Document
May 17, 2024	10-K/A	Annual Report
May 15, 2024	10-Q	Quarterly Report
May 15, 2024	8-K	Current Report
May 13, 2024	NT 10-Q	NT 10-Q
May 09, 2024	8-K	Current Report
May 09, 2024	SC 13G	Major Ownership Report
May 01, 2024	3	Insider Trading
May 01, 2024	4	Insider Trading
Apr 26, 2024	8-K	Current Report
Apr 12, 2024	8-K/A	Current Report

Peers (Alternatives to Forward Air Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FDX	63.3B	87.5B	-2.21%	11.64%	14.4	0.72	-5.51%	46.89%
GWW	46.4B	16.6B	-0.47%	39.19%	25.37	2.79	6.06%	9.62%
FAST	38.0B	7.4B	-2.99%	20.26%	32.85	5.15	3.46%	4.06%
JBHT	17.0B	12.5B	-2.04%	-3.51%	25.84	1.36	-13.82%	-28.77%
EXPD	16.7B	8.9B	3.13%	2.83%	23.93	1.87	-40.57%	-43.75%
MID-CAP
CHRW	9.8B	17.4B	22.22%	-17.13%	32.49	0.57	-22.65%	-61.39%
KNX	7.9B	7.3B	1.26%	-10.96%	72.05	1.08	1.23%	-83.48%
AIT	7.6B	4.5B	6.84%	51.37%	20.31	1.7	3.72%	12.24%
BECN	6.1B	9.3B	3.20%	46.41%	14.71	0.66	9.73%	-2.71%
ARCB	2.7B	4.4B	-18.73%	30.53%	21.88	0.61	-10.46%	-59.38%
SMALL-CAP
BXC	873.9M	3.1B	-8.28%	16.64%	18.12	0.29	-22.33%	-73.30%
CYRX	624.1M	225.0M	-24.54%	-36.43%	-5.43	2.77	-9.19%	-264.75%
CVLG	607.8M	1.1B	6.29%	18.92%	14.28	0.54	-6.43%	-58.73%
DSKE	391.3M	1.6B	-0.12%	0.61%	-22.11	0.25	-11.50%	-135.26%
AIRT	64.9M	220.4M	2.77%	-16.00%	-5.97	0.29	16.77%	-270.60%

Forward Air Corp News

Latest updates

Forward Air Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	60.1%	542	338	341	334	358	403	433	442	401	185	420	421	362	350	332	282	306	320	314	303	279
Costs and Expenses	346.6%	608	136	398	372	377	144	438	440	410	145	377	379	339	330	308	268	290	268	284	274	297
Operating Expenses	869.6%	277	29.00	191	182	185	37.00	229	239	225	60.00	205	215	185	185	173	142	151	154	150	143	144
EBITDA Margin	-71.6%	0.03*	0.11*	0.13*	0.16*	0.17*	0.17*	0.20*	0.18*	0.15*	0.13*	0.10*	0.09*	-	-	-	-	-	-	-	-	-
Interest Expenses	70.0%	41.00	24.00	3.00	3.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	-7.92	1.00	1.00	1.00	-4.63	1.00	1.00	1.00
Income Taxes	-100.0%	-18.35	-9.18	4.00	8.00	12.00	12.00	18.00	19.00	14.00	10.00	11.00	10.00	5.00	4.00	5.00	3.00	4.00	7.00	7.00	7.00	6.00
Earnings Before Taxes	-235.0%	-107	-31.98	13.00	28.00	48.00	41.00	70.00	74.00	57.00	39.00	42.00	41.00	22.00	20.00	22.00	13.00	15.00	29.00	28.00	28.00	24.00
EBT Margin	-253.6%	-0.06*	0.04*	0.09*	0.12*	0.14*	0.14*	0.16*	0.15*	0.12*	0.10*	0.08*	0.07*	-	-	-	-	-	-	-	-	-
Net Income	-160.7%	-61.71	102	9.00	20.00	36.00	43.00	52.00	55.00	43.00	40.00	24.00	31.00	11.00	-4.44	17.00	3.00	8.00	24.00	22.00	22.00	18.00
Net Income Margin	-63.5%	0.04*	0.12*	0.08*	0.10*	0.11*	0.12*	0.13*	0.11*	0.10*	0.08*	0.04*	0.04*	-	-	-	-	-	-	-	-	-
Free Cashflow	-274.6%	-56.69	32.00	24.00	53.00	59.00	39.00	77.00	42.00	53.00	12.00	43.00	23.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	32.9%	3,959	2,980	1,191	1,185	1,227	1,208	1,186	1,197	1,167	1,118	1,071	1,082	1,016	1,047	1,048	1,072	1,066	991	981	937	886
Current Assets	64.1%	569	347	238	216	258	304	313	316	325	283	289	297	248	246	235	247	241	236	216	193	202
Cash Equivalents	41.2%	172	122	19.00	18.00	32.00	46.00	47.00	47.00	62.00	37.00	52.00	51.00	24.00	40.00	43.00	81.00	77.00	65.00	35.00	15.00	42.00
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.00	-	-	-
Net PPE	-	-	-	258	261	253	249	231	229	224	219	196	187	187	190	190	195	210	193	221	209	207
Goodwill	394.9%	1,379	279	357	357	357	258	288	288	266	219	255	255	251	245	3.00	241	243	216	220	-	-
Current Liabilities	87.6%	445	237	190	169	166	169	180	167	188	165	158	169	169	172	157	147	143	137	140	137	117
Long Term Debt	-	1,664	-	119	120	151	107	107	147	155	155	161	162	117	112	117	137	137	67.00	73.00	57.00	47.00
LT Debt, Current	-	11.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.00	-	-	-
LT Debt, Non Current	-	-	-	119	120	151	107	107	147	155	155	-	-	-	112	-	-	-	67.00	-	-	-
Shareholder's Equity	21.2%	926	764	666	674	686	707	683	664	612	594	556	550	545	547	552	566	566	577	561	550	553
Retained Earnings	-13.1%	417	480	385	396	411	436	415	399	350	335	300	298	297	304	314	333	335	350	339	332	339
Additional Paid-In Capital	79.3%	509	284	281	278	274	271	268	265	261	258	255	252	248	243	237	233	230	227	222	218	214
Accumulated Depreciation	-	-	-	243	233	226	221	214	207	207	201	200	196	193	191	189	187	217	181	218	214	211
Shares Outstanding	3.0%	26.00	26.00	26.00	26.00	26.00	26.00	27.00	27.00	27.00	27.00	27.00	27.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,980	-	-	-	1,822	-	-	-	1,781	-	-	-	1,007	-	-	-	1,636	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-230.0%	-51,719	39,781	29,865	63,573	65,993	53,347	83,994	50,334	62,486	37,856	43,091	22,748	16,913	15,612	20,564	29,101	30,828	37,701	43,555	22,744	41,526
Share Based Compensation	-26.9%	1,567	2,143	3,043	3,160	3,149	4,559	321	380	2,761	4,753	318	400	2,597	5,316	260	245	3,078	3,179	2,626	2,863	3,047
Cashflow From Investing	-22841.9%	-1,569,452	-6,841	-5,739	-9,566	-61,541	-38,576	-6,072	-48,942	-9,397	-51,869	-13,925	-12,774	-17,030	-10,551	-1,798	-11,295	-57,862	2,201	-20,341	-36,517	-3,689
Cashflow From Financing	-108.4%	-158,726	1,900,290	-23,564	-67,754	-18,246	-15,795	-78,462	-15,636	-28,775	-601	-28,080	16,474	-15,741	-7,797	-56,692	-14,135	39,530	-9,977	-3,167	-13,615	-21,329
Dividend Payments	-100.0%	-	6,197	6,198	6,255	6,345	6,404	6,467	6,492	6,502	5,706	5,705	5,768	5,797	5,779	5,003	5,037	5,050	5,073	5,088	5,144	5,189
Buy Backs	-	-	-	14,019	29,301	50,491	14,997	29,994	-	17,780	-	14,997	23,994	9,998	-	29,989	-	15,259	8,298	9,289	24,436	14,181

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FWRD Income Statement

2024-03-31

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Operating revenue	$ 541,813	$ 357,709
Operating expenses:
Purchased transportation	277,015	145,171
Salaries, wages and employee benefits	128,867	66,647
Operating leases	38,803	24,073
Depreciation and amortization	31,786	12,372
Insurance and claims	12,881	13,258
Fuel expense	5,246	5,686
Other operating expenses	112,947	43,306
Total operating expenses	607,545	310,513
(Loss) income from continuing operations	(65,732)	47,196
Other income and expenses:
Interest expense, net	(40,753)	(2,355)
Foreign exchange loss	(668)	0
Other income, net	9	0
Total other expense	(41,412)	(2,355)
(Loss) income before income taxes	(107,144)	44,841
Income tax (benefit) expense	(18,350)	10,937
Net (loss) income from continuing operations	(88,794)	33,904
Income from discontinued operation, net of tax	0	2,464
Net (loss) income	(88,794)	36,368
Net loss attributable to noncontrolling interest	(27,082)	0
Net (loss) income attributable to Forward Air	$ (61,712)	$ 36,368
Basic net (loss) income per share attributable to Forward Air:
Continuing operations (in dollars per share)	$ (2.81)	$ 1.28
Discontinued operations (in dollars per share)	0	0.09
Net (loss) income per basic share (in dollars per share)	(2.81)	1.37
Diluted net (loss) income per share attributable to Forward Air:
Continuing operations (in dollars per share)	(2.81)	1.27
Discontinued operations (in dollars per share)	0	0.09
Net (loss) income per diluted share (in dollars per share)	(2.81)	1.37
Dividends per share (in dollars per share)	$ 0	$ 0.24
Net (loss) income	$ (61,712)	$ 36,368
Other comprehensive (loss) income:
Foreign currency translation adjustments	(151)	0
Comprehensive (loss) income	(88,945)	36,368
Comprehensive loss attributable to noncontrolling interest	(27,082)	0
Comprehensive (loss) income attributable to Forward Air	$ (61,863)	$ 36,368

FWRD Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 152,042	$ 121,969
Restricted cash and restricted cash equivalents	20,228	39,604
Accounts receivable, less allowance of $3,644 in 2024 and $2,206 in 2023	351,813	153,267
Other receivables	1,539	5,408
Prepaid expenses	39,512	25,682
Other current assets	4,299	1,098
Total current assets	569,433	347,028
Noncurrent restricted cash equivalents	0	1,790,500
Property and equipment, net of accumulated depreciation and amortization of $263,856 in 2024 and $250,185 in 2023	327,706	258,095
Operating lease right-of-use assets	334,262	111,552
Goodwill	1,379,180	278,706
Other acquired intangibles, net of accumulated amortization of $145,141 in 2024 and $127,032 in 2023	1,264,428	134,789
Other assets	84,251	58,863
Total assets	3,959,260	2,979,533
Current liabilities:
Accounts payable	130,646	45,430
Accrued expenses	118,955	62,948
Other current liabilities	73,461	71,727
Current portion of debt and finance lease obligations	28,134	12,645
Current portion of operating lease liabilities	93,645	44,344
Total current liabilities	444,841	237,094
Finance lease obligations, less current portion	34,306	26,736
Long-term debt, less current portion	1,664,107	0
Long-term debt held in escrow	0	1,790,500
Operating lease liabilities, less current portion	246,956	71,598
Liabilities under tax receivable agreement	13,270	0
Other long-term liabilities	45,536	47,144
Deferred income taxes	177,806	42,200
Shareholders' equity:
Common stock, $0.01 par value: Authorized shares - 50,000,000; issued and outstanding shares - 26,438,420 in 2024 and 25,670,663 in 2023	265	257
Additional paid-in capital	508,675	283,684
Retained earnings	417,282	480,320
Accumulated other comprehensive loss	(151)	0
Total Forward Air shareholders' equity	926,071	764,261
Noncontrolling interest	406,367	0
Total shareholders' equity	1,332,438	764,261
Total liabilities and shareholders' equity	3,959,260	2,979,533
Preferred Stock
Shareholders' equity:
Preferred stock, value	0	0
Preferred Class B
Shareholders' equity:
Preferred stock, value	0	0
Preferred Class C
Shareholders' equity:
Preferred stock, value	$ 0	$ 0

About 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.

CEO	Mr. Thomas Schmitt
WEBSITE	forwardaircorp.com
INDUSTRY	Integrated Freight & Logistics
EMPLOYEES	4155

Forward Air Corp Frequently Asked Questions

What is the ticker symbol for Forward Air Corp? What does FWRD stand for in stocks?

FWRD is the stock ticker symbol of Forward Air Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Forward Air Corp (FWRD)?

As of Fri May 17 2024, market cap of Forward Air Corp is 377.81 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FWRD stock?

You can check FWRD's fair value in chart for subscribers.

What is the fair value of FWRD stock?

You can check FWRD's fair value in chart for subscribers. The fair value of Forward Air Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Forward Air Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FWRD so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Forward Air Corp a good stock to buy?

The fair value guage provides a quick view whether FWRD is over valued or under valued. Whether Forward Air Corp is cheap or expensive depends on the assumptions which impact Forward Air Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FWRD.

What is Forward Air Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FWRD's PE ratio (Price to Earnings) is 5.45 and Price to Sales (PS) ratio is 0.24. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FWRD PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Forward Air Corp's stock?

In the past 10 years, Forward Air Corp has provided -0.094 (multiply by 100 for percentage) rate of return.