Summary
35.38 1.31(3.85%)10/04/2024
Forward Air Corp. (FWRD)
Forward Air Corp. (FWRD)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 3.71 | -0.08 | 5.55 | 88.24 | 26.27 | -49.92 | -40.26 | 1,854.70 |
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| Trading Data | ||
| Close | 35.38 | |
| Open | 34.44 | |
| High | 35.56 | |
| Low | 33.90 | |
| Volume | 286,784 | |
| Change | 1.27 | |
| Change % | 3.71 | |
| Avg Volume (20 Days) | 592,172 | |
| Volume/Avg Volume (20 Days) Ratio | 0.48 | |
| 52 Week Range | 11.21 - 79.51 | |
| Price vs 52 Week High | -55.50% | |
| Price vs 52 Week Low | 215.61% | |
| Range | 2.73 | |
| Gap Up/Down | -1.08 | |
Fundamentals | ||
| Market Capitalization (Mln) | 984 | |
| EBIDTA | 106,682,000 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | 2.0100 | |
| WallStreet Target Price | 35.40 | |
| Book Value | 35.2650 | |
| Earnings Per Share | -2.0800 | |
| EPS Estimate Current Quarter | -0.1100 | |
| EPS Estimate Next Quarter | 0.1100 | |
| EPS Estimate Current Year | 0.5300 | |
| EPS Estimate Next Year | 1.5100 | |
| Diluted EPS (TTM) | -2.0800 | |
| Revenues | ||
| Profit Marging | 0.0445 | |
| Operating Marging (TTM) | -0.1213 | |
| Return on asset (TTM) | 0.0079 | |
| Return on equity (TTM) | -0.0792 | |
| Revenue TTM | 1,554,839,040 | |
| Revenue per share TTM | 60.1680 | |
| Quarterly Revenue Growth (YOY) | 0.2690 | |
| Quarterly Earnings Growth (YOY) | 1.4500 | |
| Gross Profit (TTM) | 594,207,000 | |
| Dividends | ||
| Dividend Share | 0.7200 | |
| Dividend Yield | 0.0622 | |
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 0.8826 | |
| Revenue Enterprise Value | 1.8227 | |
| EBITDA Enterprise Value | 17.1576 | |
| Shares | ||
| Shares Outstanding | 26,370,400 | |
| Shares Float | 22,174,040 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.22 | |
| Insider (%) | 1.82 | |
| Institutions (%) | 119.28 | |
09/07 09:06 EST - cnbc.com
Activist Ancora joins investors' calls for a strategic review at Forward Air. Here's what may happen next
Ancora joined a chorus of activist investors who are pushing Forward Air for a strategic review.
Activist Ancora joins investors' calls for a strategic review at Forward Air. Here's what may happen next
Ancora joined a chorus of activist investors who are pushing Forward Air for a strategic review.
08/10 08:57 EST - seekingalpha.com
Forward Air Corporation (FWRD) Q2 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Tony Carreño - Senior Vice President of Treasury and Investor Relations Shawn Stewart - Chief Executive Officer Jamie Pierson - Chief Financial Officer Conference Call Participants Bruce Chan - Stifel Bascome Majors - Susquehanna Scott Group - Wolfe Research Christopher Kuhn - Benchmark Stephanie Moore - Jefferies Operator Ladies and gentlemen thank you for standing by and welcome to the Forward Air Second Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.
Forward Air Corporation (FWRD) Q2 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Tony Carreño - Senior Vice President of Treasury and Investor Relations Shawn Stewart - Chief Executive Officer Jamie Pierson - Chief Financial Officer Conference Call Participants Bruce Chan - Stifel Bascome Majors - Susquehanna Scott Group - Wolfe Research Christopher Kuhn - Benchmark Stephanie Moore - Jefferies Operator Ladies and gentlemen thank you for standing by and welcome to the Forward Air Second Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.
08/08 12:20 EST - fool.com
Why Forward Air Stock Is Up Big Today
Forward reported a massive loss in the quarter, including one-time charges, but underlying business trends improved. The company is under new management and slowly making progress after an unpopular acquisition and disappointing results.
Why Forward Air Stock Is Up Big Today
Forward reported a massive loss in the quarter, including one-time charges, but underlying business trends improved. The company is under new management and slowly making progress after an unpopular acquisition and disappointing results.
08/05 10:30 EST - investorplace.com
7 Undervalued Stocks That Could Surge 500% in the Next 12 Months
Even with the stock market's impressive gains, there's no shortage of undervalued stocks if you know where to look. The recent correction has just scratched the surface of the tech sector.
7 Undervalued Stocks That Could Surge 500% in the Next 12 Months
Even with the stock market's impressive gains, there's no shortage of undervalued stocks if you know where to look. The recent correction has just scratched the surface of the tech sector.
07/16 14:34 EST - investorplace.com
7 Transportation Stocks to Buy Now: Q3 Edition
It's not been a great year for transportation stocks. The benchmark SPDR S&P Transportation ETF (NYSEARCA: XTN ) has fallen 9% over the past 12 months.
7 Transportation Stocks to Buy Now: Q3 Edition
It's not been a great year for transportation stocks. The benchmark SPDR S&P Transportation ETF (NYSEARCA: XTN ) has fallen 9% over the past 12 months.
07/02 15:38 EST - fool.com
Why Forward Air Stock Advanced in June
Forward shares are down big due to current market conditions and an unpopular acquisition. An activist is reportedly preparing to push the company to restructure or find a buyer.
Why Forward Air Stock Advanced in June
Forward shares are down big due to current market conditions and an unpopular acquisition. An activist is reportedly preparing to push the company to restructure or find a buyer.
06/28 06:50 EST - investorplace.com
Have 20 Bucks? 7 Low-Priced Stocks That Could Double by 2025
Low-priced stocks to buy with the potential to double within the next year or so have inherent appeal for investors. Individual shares are affordable making it relatively easy to establish a stake.
Have 20 Bucks? 7 Low-Priced Stocks That Could Double by 2025
Low-priced stocks to buy with the potential to double within the next year or so have inherent appeal for investors. Individual shares are affordable making it relatively easy to establish a stake.
06/27 19:07 EST - businesswire.com
Forward Air Provides Update on First Quarter 2024 Non-GAAP Financial Measures
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today announced updates to certain previously released non-GAAP financial measures for the twelve months ended March 31, 2024, to include adjustments to the previously released non-GAAP financial measures. When Forward released first quarter 2024 earnings on May 8, 2024, the Company made available to investors a conference call presentation, page 19 of which set forth a c.
Forward Air Provides Update on First Quarter 2024 Non-GAAP Financial Measures
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today announced updates to certain previously released non-GAAP financial measures for the twelve months ended March 31, 2024, to include adjustments to the previously released non-GAAP financial measures. When Forward released first quarter 2024 earnings on May 8, 2024, the Company made available to investors a conference call presentation, page 19 of which set forth a c.
06/27 09:00 EST - marketbeat.com
7 Short Squeeze Stocks to Look Into for Your Portfolio
In 2021, a trader with a large Reddit following induced a massive rally in shares of GameStop Corp. NYSE: GME. The downtrodden gaming retailer was the most shorted stock in the entire market in January 2021, but the retail buying frenzy triggered a massive run-up in price as hedge funds were forced to cover their short positions to prevent huge losses.
7 Short Squeeze Stocks to Look Into for Your Portfolio
In 2021, a trader with a large Reddit following induced a massive rally in shares of GameStop Corp. NYSE: GME. The downtrodden gaming retailer was the most shorted stock in the entire market in January 2021, but the retail buying frenzy triggered a massive run-up in price as hedge funds were forced to cover their short positions to prevent huge losses.
06/05 16:23 EST - fool.com
Why Forward Air Stock Hit New Lows in May
Forward Air reported disappointing quarterly results, confirming investor fears about a questionable acquisition from earlier in the year. Both activists and new management are now racing to turn the company around.
Why Forward Air Stock Hit New Lows in May
Forward Air reported disappointing quarterly results, confirming investor fears about a questionable acquisition from earlier in the year. Both activists and new management are now racing to turn the company around.
05/31 06:00 EST - forbes.com
Will Forward Air Stock See A Recovery After 75% Fall This Year?
The stock price of Forward Air (NASDAQ: FWRD), an asset-light freight and logistics company with operations in the United States and Canada, trades at $15 per share, about 90% below its peak level of $125 seen in January 2022. FWRD stock was trading at $92 in early June 2022, just before the Fed started increasing rates, and is now 84% below that level, compared to a substantial 40% gain for the S&P 500 during this period.
Will Forward Air Stock See A Recovery After 75% Fall This Year?
The stock price of Forward Air (NASDAQ: FWRD), an asset-light freight and logistics company with operations in the United States and Canada, trades at $15 per share, about 90% below its peak level of $125 seen in January 2022. FWRD stock was trading at $92 in early June 2022, just before the Fed started increasing rates, and is now 84% below that level, compared to a substantial 40% gain for the S&P 500 during this period.
05/29 08:07 EST - invezz.com
Activist Irenic Capital initiates a 5% stake in Forward Air: Should you buy the stock?
Forward Air (NASDAQ:FWRD) finds itself in the spotlight as activist investor Irenic Capital Management made a significant move, acquiring nearly 5% stake in the company, according to a report by the Wall Street Journal.
Activist Irenic Capital initiates a 5% stake in Forward Air: Should you buy the stock?
Forward Air (NASDAQ:FWRD) finds itself in the spotlight as activist investor Irenic Capital Management made a significant move, acquiring nearly 5% stake in the company, according to a report by the Wall Street Journal.
05/28 19:00 EST - wsj.com
Activist Irenic Builds Stake in Trucking Company Forward Air
Irenic Capital Management has a position of nearly 5%, making it one of the trucking company's top shareholders.
Activist Irenic Builds Stake in Trucking Company Forward Air
Irenic Capital Management has a position of nearly 5%, making it one of the trucking company's top shareholders.
05/20 17:24 EST - https://www.businesswire.com
Forward Air Announces Leadership Transition
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced the appointment of Jamie G. Pierson as interim Chief Financial Officer effective May 20, 2024. Mr. Pierson succeeds Rebecca Garbrick, who is departing the Company. Ms. Garbrick will remain with the Company to assist with the transition. “On behalf of the Board of Directors, I want to thank Rebecca for her commitment and significant contributions over the last several years. Since taking the CFO role in 2020, Rebecca has been a valuable member of our management team, and we wish her much success in her future endeavors,” stated Shawn Stewart, CEO. He continued, “We are excited to have Jamie step in to lead, and provide strategic insight, to the finance team during this critical time. Jamie is a seasoned executive with extensive experience in transportation and logistics, which coupled with his demonstrated track record in several financial leadership positions, make him a valuable addition to the Forward team.” Mr. Pierson joins Forward having most recently served as Chief Financial Officer of MV Transportation, a privately-owned passenger transportation contracting services firm in North America, until January 2024. Prior to joining MV Transportation, Mr. Pierson held various senior leadership positions including Executive Vice President and Chief Financial Officer of Ecobat Technologies and YRC Worldwide, Inc. Forward has initiated a search for a CFO with the assistance of an executive search firm. About Forward Air Corporation Forward Air is a leading asset-light provider of transportation services across the United States, Canada and Mexico. We provide expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, we offer truckload brokerage services, including dedicated fleet services, and intermodal, first- and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services. Forward also operates a full portfolio of multimodal solutions, both domestically and internationally, via Omni Logistics. Omni Logistics is a global provider of air, ocean and ground services for mission-critical freight. We are more than a transportation company. Forward is a single resource for your shipping needs. For more information, visit our website at www.forwardaircorp.com. Note Regarding Forward-Looking Statements This press release may contain statements that might be considered as forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate”, “expect”, “intend”, “plan”, “goal”, “target”, “project”, “believe”, “may”, “should”, “will”, “aim”, “would”, “seek”, “estimate”, “strategy”, “future”, “likely” and similar references to future periods. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties including the Company’s expectations regarding the appointment of senior management positions. Actual events may also differ from these expectations as a result of the risks identified from time to time in our filings with the Securities and Exchange Commission. You should consider the forward-looking statements contained herein in light of such risks. We assume no duty to update these statements as of any future date.
Forward Air Announces Leadership Transition
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced the appointment of Jamie G. Pierson as interim Chief Financial Officer effective May 20, 2024. Mr. Pierson succeeds Rebecca Garbrick, who is departing the Company. Ms. Garbrick will remain with the Company to assist with the transition. “On behalf of the Board of Directors, I want to thank Rebecca for her commitment and significant contributions over the last several years. Since taking the CFO role in 2020, Rebecca has been a valuable member of our management team, and we wish her much success in her future endeavors,” stated Shawn Stewart, CEO. He continued, “We are excited to have Jamie step in to lead, and provide strategic insight, to the finance team during this critical time. Jamie is a seasoned executive with extensive experience in transportation and logistics, which coupled with his demonstrated track record in several financial leadership positions, make him a valuable addition to the Forward team.” Mr. Pierson joins Forward having most recently served as Chief Financial Officer of MV Transportation, a privately-owned passenger transportation contracting services firm in North America, until January 2024. Prior to joining MV Transportation, Mr. Pierson held various senior leadership positions including Executive Vice President and Chief Financial Officer of Ecobat Technologies and YRC Worldwide, Inc. Forward has initiated a search for a CFO with the assistance of an executive search firm. About Forward Air Corporation Forward Air is a leading asset-light provider of transportation services across the United States, Canada and Mexico. We provide expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, we offer truckload brokerage services, including dedicated fleet services, and intermodal, first- and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services. Forward also operates a full portfolio of multimodal solutions, both domestically and internationally, via Omni Logistics. Omni Logistics is a global provider of air, ocean and ground services for mission-critical freight. We are more than a transportation company. Forward is a single resource for your shipping needs. For more information, visit our website at www.forwardaircorp.com. Note Regarding Forward-Looking Statements This press release may contain statements that might be considered as forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate”, “expect”, “intend”, “plan”, “goal”, “target”, “project”, “believe”, “may”, “should”, “will”, “aim”, “would”, “seek”, “estimate”, “strategy”, “future”, “likely” and similar references to future periods. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties including the Company’s expectations regarding the appointment of senior management positions. Actual events may also differ from these expectations as a result of the risks identified from time to time in our filings with the Securities and Exchange Commission. You should consider the forward-looking statements contained herein in light of such risks. We assume no duty to update these statements as of any future date.
05/20 05:30 EST - businesswire.com
Forward Air Files Definitive Proxy Statement and Reiterates Commitment to Board Refreshment
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today announced the filing of its definitive proxy statement with the Securities and Exchange Commission (“SEC”) on May 20, 2024 in preparation for its upcoming annual shareholder meeting, which will be held on June 3, 2024 for shareholders as of the March 25, 2024 record date. Forward is dedicated to fostering a culture of continuous improvement, transparency and accountability as t.
Forward Air Files Definitive Proxy Statement and Reiterates Commitment to Board Refreshment
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today announced the filing of its definitive proxy statement with the Securities and Exchange Commission (“SEC”) on May 20, 2024 in preparation for its upcoming annual shareholder meeting, which will be held on June 3, 2024 for shareholders as of the March 25, 2024 record date. Forward is dedicated to fostering a culture of continuous improvement, transparency and accountability as t.
05/09 21:50 EST - seekingalpha.com
Forward Air Corporation (FWRD) Q1 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD ) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Michael Hance - Interim CEO, Chief Legal Officer & Secretary Rebecca Garbrick - CFO & Treasurer Shawn Stewart - Incoming CEO Conference Call Participants Andrew Cox - Stifel Bascome Majors - Susquehanna Stephanie Moore - Jefferies Christopher Kuhn - Benchmark Tyler Brown - Raymond James Operator At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation. [Operator Instructions] I would now like to turn the call over to Michael Hance, Chief Legal Officer.
Forward Air Corporation (FWRD) Q1 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD ) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Michael Hance - Interim CEO, Chief Legal Officer & Secretary Rebecca Garbrick - CFO & Treasurer Shawn Stewart - Incoming CEO Conference Call Participants Andrew Cox - Stifel Bascome Majors - Susquehanna Stephanie Moore - Jefferies Christopher Kuhn - Benchmark Tyler Brown - Raymond James Operator At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation. [Operator Instructions] I would now like to turn the call over to Michael Hance, Chief Legal Officer.
05/09 15:09 EST - fool.com
Why Forward Air Stock Was Grounded Today
Forward lost more than expected in the first quarter, weighed down by a controversial acquisition. The company has new management and great potential, but could be stuck in neutral for a while.
Why Forward Air Stock Was Grounded Today
Forward lost more than expected in the first quarter, weighed down by a controversial acquisition. The company has new management and great potential, but could be stuck in neutral for a while.
05/09 14:30 EST - accesswire.com
Forward Air Corporation (FWRD) Shareholders May Have Been Affected by Fraud- Levi & Korsinsky Investigates
NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Forward Air Corporation ("Forward Air") (NASDAQ:FWRD) concerning possible violations of federal securities laws. Forward Air disclosed its financial performance for the first quarter of 2024, following the market closure on May 8, 2024.
Forward Air Corporation (FWRD) Shareholders May Have Been Affected by Fraud- Levi & Korsinsky Investigates
NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Forward Air Corporation ("Forward Air") (NASDAQ:FWRD) concerning possible violations of federal securities laws. Forward Air disclosed its financial performance for the first quarter of 2024, following the market closure on May 8, 2024.
05/09 14:30 EST - accesswire.com
Shareholder Rights Advocates at Levi & Korsinsky Investigate Forward Air Corporation (FWRD) Regarding Possible Securities Fraud Violations
NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Forward Air Corporation ("Forward Air") (NASDAQ:FWRD) concerning possible violations of federal securities laws. Forward Air disclosed its financial performance for the first quarter of 2024, following the market closure on May 8, 2024.
Shareholder Rights Advocates at Levi & Korsinsky Investigate Forward Air Corporation (FWRD) Regarding Possible Securities Fraud Violations
NEW YORK, NY / ACCESSWIRE / May 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Forward Air Corporation ("Forward Air") (NASDAQ:FWRD) concerning possible violations of federal securities laws. Forward Air disclosed its financial performance for the first quarter of 2024, following the market closure on May 8, 2024.