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FWRD

Forward Air Corp

Jun 20 • 04:00PM ET

22.18

Dollar change +0.05
Percentage change 0.23	%

Industrials • Integrated Freight & Logistics • USA • NASD

Peers: XPO ODFL SAIA CHRW JBHT KNX LSTR EXPD WERN MATX

| Held by: IJR IWM VTI FNDA VXF VB IWN SPSM VBR RWJ

Scroll to Statements

Index	RUT	P/E	-	EPS (ttm)	-29.61	Insider Own	36.12%	Shs Outstand	30.41M	Perf Week	8.73%
Market Cap	674.79M	Forward P/E	138.63	EPS next Y	0.16	Insider Trans	0.00%	Shs Float	21.79M	Perf Month	22.95%
Enterprise Value	2.78B	PEG	-	EPS next Q	-0.27	Inst Own	89.95%	Short Float	17.72%	Perf Quarter	4.57%
Income	-805.52M	P/S	0.27	EPS this Y	96.36%	Inst Trans	1.19%	Short Ratio	5.42	Perf Half Y	-31.01%
Sales	2.55B	P/B	4.36	EPS next Y	114.93%	ROA	-23.64%	Short Interest	3.86M	Perf YTD	-31.22%
Book/sh	5.08	P/C	5.78	EPS next 5Y	-	ROE	-147.96%	52W Range	9.78 - 40.92	Perf Year	3.16%
Cash/sh	3.83	P/FCF	32.87	EPS past 3/5Y	- -	ROIC	-36.74%	52W High	-45.80%	Perf 3Y	-75.48%
Dividend Est.	-	EV/EBITDA	15.00	Sales past 3/5Y	14.17% 15.28%	Gross Margin	1.41%	52W Low	126.67%	Perf 5Y	-55.54%
Dividend TTM	-	EV/Sales	1.09	EPS Y/Y TTM	-682.50%	Oper. Margin	1.41%	Volatility	8.61% 4.35%	Perf 10Y	-59.27%
Dividend Ex-Date	Nov 21, 2023	Quick Ratio	1.13	Sales Y/Y TTM	50.11%	Profit Margin	-31.64%	RSI (14)	66.30	Recom	2.14
Dividend Gr. 3/5Y	- -	Current Ratio	1.13	EPS Q/Q	40.24%	SMA20	16.28%	Beta	1.29	Target Price	32.00
Payout	-	Debt/Eq	13.92	Sales Q/Q	13.19%	SMA50	27.63%	Rel Volume	1.30	Prev Close	22.13
Employees	6319	LT Debt/Eq	13.18	Earnings	May 07 AMC	SMA200	-19.98%	Avg Volume	712.70K	Price	22.18
IPO	Nov 16, 1993	Option/Short	Yes / Yes	EPS/Sales Surpr.	-23.65% -0.63%	Trades		Volume	923,013	Change	0.23%

Date	Action	Analyst	Rating Change	Price Target Change
May-28-24	Upgrade	Wolfe Research	Underperform → Peer Perform
Jan-10-24	Downgrade	Wolfe Research	Peer Perform → Underperform
Aug-29-23	Upgrade	Jefferies	Hold → Buy	$110 → $85
Aug-28-23	Upgrade	Wolfe Research	Underperform → Peer Perform
Aug-15-23	Downgrade	Robert W. Baird	Outperform → Neutral	$130 → $80
Aug-11-23	Downgrade	Wolfe Research	Peer Perform → Underperform	$80
Aug-11-23	Downgrade	Stifel	Buy → Hold	$127 → $103
Aug-11-23	Downgrade	Raymond James	Strong Buy → Mkt Perform
Jul-19-23	Upgrade	Robert W. Baird	Neutral → Outperform	$106 → $130
Jan-04-23	Downgrade	Jefferies	Buy → Hold	$110
Oct-25-22	Initiated	Jefferies	Buy	$120
Jul-20-22	Initiated	The Benchmark Company	Hold
Apr-29-22	Upgrade	Stifel	Hold → Buy	$122 → $136
Jan-06-22	Downgrade	Wolfe Research	Outperform → Peer Perform
Jan-05-22	Downgrade	Robert W. Baird	Outperform → Neutral	$110 → $125
Jan-04-22	Upgrade	Stephens	Equal-Weight → Overweight	$115 → $165
Dec-09-21	Initiated	Susquehanna	Positive	$132
May-03-21	Upgrade	Raymond James	Outperform → Strong Buy	$100 → $120
Feb-16-21	Upgrade	Wolfe Research	Peer Perform → Outperform	$101
Sep-29-20	Upgrade	Raymond James	Mkt Perform → Outperform	$65

Show Previous Ratings

Jun-18-25 10:15AM	Forward Air Chairman Ousted, Potential Sale Appears in View (Sourcing Journal)
08:30AM	Forward Air and Omni Logistics Recognized for Exceptional Service, Performance, and Partnership (Business Wire)
Jun-16-25 12:09PM	Forward Air stock surges on report PE firms express acquisition interest (Investing.com) +16.23%
Jun-13-25 05:04PM	US trucker Forward Air attracts takeover interest from buyout firms, sources say (Reuters)
Jun-12-25 10:13AM	Forward Air chairman, 2 directors leave after shareholder vote (FreightWaves)
09:20AM	Loading…
09:20AM	Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed (Business Wire)
08:00AM	Forward Air Corporation Announces Results of 2025 Annual Meeting and Board Changes (Business Wire)
Jun-05-25 04:00PM	Lakeview Announces Intent to Withhold Support for Directors of Forward Air Corp. at Annual Meeting (Business Wire)
Jun-02-25 04:00PM	Glass Lewis Joins ISS in Recommending Forward Air Shareholders Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting (Business Wire) +7.34%
12:50PM	Proxy adviser backs activists move to reshape Forward Air board (FreightWaves)
07:00AM	Forward Air Shareholders Recommended to Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting by ISS (Business Wire)
May-21-25 11:27AM	Activist investor pushes Forward Air to execute value-maximizing sale (FreightWaves) -8.48%
06:27AM	Forward Air pushes for Delaware reincorporation via merger (Trucking Dive)
May-20-25 04:05PM	Ancora Releases Presentation Illustrating Why Shareholders Should Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting (Business Wire)
May-14-25 01:50PM	Irenic Expresses Governance Concerns Pertaining to Forward Air Corporation (Business Wire)
03:28AM	Loading…
May-08-25 03:28AM	Forward Air Corp (FWRD) Q1 2025 Earnings Call Highlights: Strategic Growth Plans Amidst Market ... (GuruFocus.com)
May-07-25 07:58PM	Forward Air targets $5B revenue goal by 2030 amid pricing improvements and operational integration (Seeking Alpha)
07:58PM	Forward Air Corporation (FWRD) Q1 2025 Earnings Call Transcript (Seeking Alpha)
07:17PM	Forward Air touts Q1 achievements, investors await next steps (FreightWaves)
05:30PM	Compared to Estimates, Forward Air (FWRD) Q1 Earnings: A Look at Key Metrics (Zacks)
05:20PM	Forward Air (FWRD) Reports Q1 Loss, Lags Revenue Estimates (Zacks)
04:17PM	Forward Air: Q1 Earnings Snapshot (Associated Press Finance)
04:01PM	Forward Air Corporation Reports First Quarter 2025 Results (Business Wire)
02:06PM	Activist investor pushes board shake-up at Forward Air (FreightWaves)
01:16PM	Ancora Urges Shareholders to Oust Forward Air Chair on Omni Deal, Slow Sale Process (Sourcing Journal)
09:12AM	Activist Ancora targets Forward Air again, calls for removal of three directors (Seeking Alpha)
09:00AM	Ancora Issues Letter to Forward Air Shareholders Regarding the Need to Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting (Business Wire)
May-02-25 03:55PM	Forward Air looks for a fresh start in Delaware (FreightWaves) +5.54%
Apr-30-25 10:01AM	Will Forward Air (FWRD) Report Negative Earnings Next Week? What You Should Know (Zacks)
07:55AM	XPO (XPO) Q1 Earnings Surpass Estimates (Zacks)
07:15AM	Loading…
Apr-29-25 07:15AM	ArcBest (ARCB) Misses Q1 Earnings and Revenue Estimates (Zacks)
Apr-21-25 10:40AM	Forward Air ups Q1 EBITDA forecast (FreightWaves)
Apr-09-25 06:49PM	Why Forward Air Stock Had Some Serious Lift Today (Motley Fool) +31.90%
10:16AM	Forward Air flags 10% to 15% revenue impact from new tariffs (FreightWaves)
08:01AM	Forward Air Corporation Provides Select First Quarter 2025 Updates (Business Wire)
Apr-04-25 10:43AM	Is Forward Air Corporation (FWRD) the Best Freight Stock to Buy According to Hedge Funds? (Insider Monkey) -12.24%
Apr-03-25 04:42PM	Russell 2000 Enters Bear Market With Small Caps Stung by Tariffs (Bloomberg) -27.92%
12:30PM	Why Transportation Stocks Are Falling Today (Motley Fool)
Apr-01-25 08:09AM	Forward Air loses 2 more board members (Trucking Dive)
Mar-27-25 12:03PM	ClearBridge Small Cap Fund Q4 2024 Commentary (SeekingAlpha)
Mar-23-25 07:53AM	Forward Air: Still Not Ready To Move Forward (SeekingAlpha)
Feb-27-25 10:41AM	Why Forward Air Stock Dropped on Thursday (Motley Fool) -10.68%
09:52AM	Q4 2024 Forward Air Corp Earnings Call (Thomson Reuters StreetEvents)
09:22AM	Forward Air: Q4 Earnings Snapshot (Associated Press Finance)
02:21AM	Forward Air Corp (FWRD) Q4 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ... (GuruFocus.com)
Feb-26-25 08:26PM	Forward Air gains needed breathing room, awaits demand recovery (FreightWaves) -6.12%
04:00PM	Forward Air Corporation Reports Fourth Quarter and Full Year 2024 Results (Business Wire)
Feb-25-25 10:46AM	Forward Air Corp (FWRD) Q4 2024 Earnings Report Preview: What To Expect (GuruFocus.com)
Feb-03-25 01:29PM	Why UPS, Forward Air, and FedEx Stocks All Tumbled Today (Motley Fool)
Jan-23-25 04:05PM	Forward Air Corporation Announces Timing of Fourth Quarter and Full Year 2024 Earnings Release and Conference Call (Business Wire)
Jan-08-25 09:12AM	Forward Air Board Contemplates Sale of Business (Sourcing Journal)
Jan-06-25 11:42AM	Forward Air exploring options, may sell company (FreightWaves)
08:00AM	Forward Air Announces Board Review of Strategic Alternatives to Maximize Shareholder Value (Business Wire)
Jan-02-25 07:00AM	2024s most notable trucking deals (FreightWaves)
Dec-18-24 12:00PM	Forward Air Releases 2024 Environmental, Social and Governance Report (Business Wire)
Dec-09-24 05:00AM	Forward Air fires president amid investor pressure to sell company (Trucking Dive)
Dec-06-24 06:33PM	Forward Air parts ways with president, COO (FreightWaves)
08:58AM	Are Options Traders Betting on a Big Move in Forward Air (FWRD) Stock? (Zacks)
Nov-22-24 10:00AM	Forward Air Raises $350,000 for Veterans at Annual Drive for Hope Golf Tournament (Business Wire)
Nov-06-24 05:34PM	Forward Air names new chief commercial officer (FreightWaves)
04:01PM	Forward Air Announces New Chief Commercial Officer (Business Wire)
04:00AM	Forward Air to onboard chief commercial officer next year (Trucking Dive)
Nov-05-24 02:00PM	Forward Air Corp (FWRD) Q3 2024 Earnings Call Highlights: Revenue Soars 92% Amid Omni Integration (GuruFocus.com) +8.21%
05:07AM	Forward Air: Q3 Earnings Snapshot (Associated Press Finance)
Nov-04-24 07:21PM	Forward Air talks Omni integration, silent on rumors its up for sale (FreightWaves)
04:01PM	Forward Air Corporation Reports Third Quarter 2024 Results (Business Wire)
Nov-01-24 09:05AM	Forward Air Corp (FWRD) Q3 2024: Everything You Need To Know Ahead Of Earnings (GuruFocus.com)
Oct-23-24 04:30PM	Forward Air Corporation Announces Timing of Third Quarter 2024 Earnings Release and Conference Call (Business Wire)
Oct-18-24 12:46PM	Another Activist Pushes Forward Air to Do the Right Thing, Pursue Sale (Sourcing Journal)
05:06AM	Strength Seen in Forward Air (FWRD): Can Its 6.2% Jump Turn into More Strength? (Zacks)
Oct-17-24 03:48PM	Forward Air retains investment bankers to sell company, sources say (FreightWaves) +6.16%
Oct-10-24 08:41AM	Wolfe Research sees mixed bag across freight, no signs of broad recovery (TipRanks)
06:25AM	Forward Air investors push for company sale (Trucking Dive)
Oct-09-24 05:17PM	Forward Air Corp (FWRD) Q2 2024 Earnings Call Highlights: Navigating Growth and Challenges ... (GuruFocus.com)
Oct-08-24 02:00PM	Check Call: Freight fraud has many faces, none of them pretty (FreightWaves)
Oct-07-24 06:44PM	Why Forward Air Stock Soared Today (Motley Fool) +6.39%
05:52PM	Forward Air Corporation Issues Statement (Business Wire)
11:32AM	Chorus of investors calling on Forward Air to consider a sale grows (FreightWaves)
08:00AM	Alta Fox Calls for Immediate Strategic Review at Forward Air Corporation (Business Wire)
Oct-03-24 08:08AM	Forward Air Corporation Appoints New Director (Business Wire)
Sep-25-24 10:13AM	Implied Volatility Surging for Forward Air (FWRD) Stock Options (Zacks)
Sep-24-24 09:51AM	Heres Why ClearBridge Small Cap Value Strategy Decided to Sell Forward Air (FWRD) (Insider Monkey)
Aug-29-24 08:55PM	Former Forward Air CEO Tom Schmitt joins Nikola (FreightWaves)
Aug-22-24 10:00AM	Activist Investor Calls for Forward Air to Consider Sale (Sourcing Journal)
Aug-21-24 08:44AM	Are Options Traders Betting on a Big Move in Forward Air (FWRD) Stock? (Zacks)
Aug-20-24 02:56PM	Forward Air Stock Clears Key Benchmark, Hitting 90-Plus RS Rating (Investor's Business Daily)
11:35AM	Activist Ancora Pushes Forward Air to Pursue Sale (The Wall Street Journal)
11:32AM	Activist investor urges Forward Air to go private (FreightWaves)
09:00AM	Ancora Issues Letter to Forward Air Corporation's Board of Directors Regarding the Need to Initiate a Strategic Review Based on Acquirer Interest (Business Wire)
Aug-19-24 12:43PM	Forward Air investor flips to activist, may explore strategic alternatives (FreightWaves) +8.83%
Aug-08-24 12:20PM	Why Forward Air Stock Is Up Big Today (Motley Fool) +21.07%
05:02AM	Forward Air: Q2 Earnings Snapshot (Associated Press Finance)
Aug-07-24 08:38PM	Forward Air focuses on integration, revenue opportunities after Omni merger (FreightWaves) +5.29%
04:02PM	Forward Air Corporation Reports Second Quarter 2024 Results (Business Wire)
Aug-05-24 10:30AM	7 Undervalued Stocks That Could Surge 500% in the Next 12 Months (InvestorPlace)
Jul-31-24 05:35PM	Forward Air Corporation Announces Timing of the Second Quarter 2024 Earnings Release and Conference Call (Business Wire) -5.44%
Jul-16-24 02:34PM	7 Transportation Stocks to Buy Now: Q3 Edition (InvestorPlace)
Jul-15-24 08:30AM	Forward Air Earns Recognition for Excellence in Logistics and Leadership (Business Wire) +5.17%
Jul-03-24 04:28PM	Forward Air adds second former Yellow executive to financial team (FreightWaves)
04:05PM	Forward Air Names Jamie Pierson as Permanent Chief Financial Officer (The Wall Street Journal)

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 and Intermodal. 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 both to and from seaports and railheads. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.

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FWRD

Forward Air Corp

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