Forward Air Corporation FWRD
At closeNov 10, 2026, 4:00 PM EST
After hours · Nov 10, 4:00 PM ET
- YTD
- -26.68%
- 1 year
- -14.98%
- Market cap
- 619.20M
- Revenue (ttm)
- 2.18B
- Profit margin
- -31.14%
- EPS (ttm)
- -7.92
- Shares out
- 28.95M
- Forward P/E
- 105.44
- Dividend
- 0.96 (2.75%)
- Ex-dividend date
- Nov 20, 2023
- YTD return
- -26.68%
- 1-year return
- -14.98%
- Volume
- 939.22K
- Avg volume
- 468.66K
- Open
- 18.97
- Previous close
- 17.65
- Day's range
- 16.73 – 19.24
- 52-week range
- 7.86 – 31.18
- Beta
- 1.02
- Price target
- 35.49 (+93.6%)
5D -0.56 (-2.96%)
Key statistics
- Enterprise value
- 2.90B
- PEG ratio
- 0.00
- Price / sales
- 0.38
- Price / book
- 3.61
- Dividend yield
- 2.75%
- Payout ratio
- 58.54%
- Revenue growth
- 92.40%
- Free cash flow
- 85.27M
- Total cash
- 136.62M
- Total debt
- 2.09B
- Return on equity
- -220.35%
- Short % of float
- 17.80%
- 50-day average
- 35.30
- 200-day average
- 28.01
Analyst view
- Target (low)
- 30.94
- Target (mean)
- 35.49
- Target (high)
- 45.00
- Strong buy0
- Buy2
- Hold6
- Sell0
- Strong sell0
Next earnings
Consensus EPS estimate -0.1425.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 4, 2024 | Sep 1, 2024 | -0.05 | -1.71 | -1.66 | -3,320.00% |
| Aug 7, 2024 | Jun 1, 2024 | -0.07 | -23.29 | -23.22 | -33,171.43% |
| May 8, 2024 | Mar 1, 2024 | -0.15 | -0.64 | -0.49 | -326.67% |
| Feb 28, 2024 | Dec 1, 2023 | 0.97 | 0.81 | -0.16 | -16.49% |
| Oct 30, 2023 | Sep 1, 2023 | 1.10 | 0.99 | -0.11 | -10.00% |
| Aug 2, 2023 | Jun 1, 2023 | 1.28 | 0.91 | -0.37 | -28.91% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 21, 2024 | Stifel | main | Hold | Hold |
| Aug 12, 2024 | Benchmark | reit | — | Hold |
| Aug 8, 2024 | Baird | main | Neutral | Neutral |
| Jul 3, 2024 | Baird | main | Neutral | Neutral |
| May 28, 2024 | Wolfe Research | up | Underperform | Peer Perform |
| May 10, 2024 | Baird | main | Neutral | Neutral |
About Forward Air Corporation
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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment 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.
- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- Country
- United States
- Website
- forwardaircorp.com
News
Stifel Reiterates Buy on Forward Air, Raises Price Target to $28 
Forward Air Corporation (FWRD) Q3 2026 Earnings Call Transcript 
Forward Air Q3 Earnings Call Highlights 
Forward Air (FWRD) Q3 Earnings Top Estimates 
Forward Air Q3 2026 Earnings Call Transcript 
Forward Air Q3 EPS $0.34 Beats $0.14 Estimate, Sales $673.861M Miss $674.560M Estimate 
Forward Air Corporation Reports Third Quarter 2026 Results
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BOYLES DALE W | Director | Stock Award(Grant) | Jun 3, 2024 | 6,963 |
| CARLOCK RONALD CRAIG | Director | Stock Award(Grant) | Oct 14, 2024 | 23,513 |
| FAUGHT JAMES R. | Officer | Stock Award(Grant) | Jun 27, 2024 | 3,151 |
| GORJANC CHRISTINE MARIE | Director | Stock Award(Grant) | Jun 3, 2024 | 6,963 |
| HODGE MICHAEL B | Director | Conversion of Exercise of derivative security | Aug 1, 2024 | 0 |
| PIERSON JAMIE G | Chief Financial Officer | Stock Award(Grant) | Jul 2, 2024 | 48,651 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Clearlake Capital Group, LP | 13.21% | 3,825,000 | 108.90M | Sep 29, 2024 |
| Blackrock Inc. | 11.52% | 3,335,521 | 94.96M | Sep 29, 2024 |
| Vanguard Group Inc | 7.12% | 2,062,974 | 58.73M | Sep 29, 2024 |
| Ridgemont Partners Management, LLC | 6.60% | 1,910,615 | 54.40M | Sep 29, 2024 |
| Littlejohn & Co LLC | 5.75% | 1,665,660 | 47.42M | Sep 29, 2024 |
| Scopus Asset Management, LLC | 4.49% | 1,300,495 | 37.03M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | 4.19% | 1,212,247 | 34.51M | Oct 30, 2024 |
| Vanguard Total Stock Market Index Fund | 2.68% | 776,689 | 22.11M | Sep 29, 2024 |
| SRH Total Return Fund, Inc. | 2.59% | 750,000 | 21.35M | Aug 30, 2024 |
| iShares Russell 2000 ETF | 2.22% | 641,413 | 18.26M | Oct 30, 2024 |
| Federated Hermes MDT Small Cap Core Fund | 1.58% | 456,502 | 13.00M | Jul 30, 2024 |
| Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF | 1.09% | 315,848 | 8.99M | Aug 30, 2024 |