Forward Air Corporation (FWRD): Price and Financial Metrics

Forward Air Corporation (FWRD): $31.18

1.18 (+3.93%)

POWR Rating

Component Grades

Momentum

B

Stability

D

Sentiment

Quality

C

FWRD Price/Volume Stats

Current price $31.18 52-week high $121.38
Prev. close $30.00 52-week low $26.35
Day low $29.87 Volume 311,915
Day high $31.60 Avg. volume 953,532
50-day MA $37.93 Dividend yield 3.31%
200-day MA $68.43 Market Cap 822.22M

FWRD Stock Price Chart Interactive Chart >

FWRD POWR Grades

  • Momentum is the dimension where FWRD ranks best; there it ranks ahead of 84.65% of US stocks.
  • The strongest trend for FWRD is in Stability, which has been heading down over the past 26 weeks.
  • FWRD ranks lowest in Sentiment; there it ranks in the 4th percentile.

FWRD Stock Summary

  • The capital turnover (annual revenue relative to shareholder's equity) for FWRD is 2.59 -- better than 78.72% of US stocks.
  • As for revenue growth, note that FWRD's revenue has grown -11.69% over the past 12 months; that beats the revenue growth of merely 20.06% of US companies in our set.
  • FORWARD AIR CORP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 8.08%, greater than the shareholder yield of 80.01% of stocks in our set.
  • Stocks with similar financial metrics, market capitalization, and price volatility to FORWARD AIR CORP are BFI, ULH, PLBY, BYD, and NWE.
  • Visit FWRD's SEC page to see the company's official filings. To visit the company's web site, go to www.forwardair.com.

FWRD Valuation Summary

  • FWRD's price/sales ratio is 0.9; this is 57.14% lower than that of the median Industrials stock.
  • Over the past 243 months, FWRD's EV/EBIT ratio has gone down 2.2.

Below are key valuation metrics over time for FWRD.

Stock Date P/S P/B P/E EV/EBIT
FWRD 2023-12-29 0.9 2.4 14.9 12.0
FWRD 2023-12-28 0.9 2.5 15.1 12.1
FWRD 2023-12-27 1.0 2.5 15.1 12.2
FWRD 2023-12-26 1.0 2.5 15.4 12.4
FWRD 2023-12-22 1.0 2.5 15.5 12.4
FWRD 2023-12-21 1.0 2.5 15.5 12.4

FWRD Growth Metrics

    Its 2 year price growth rate is now at 100.41%.
  • Its year over year revenue growth rate is now at 33.25%.
  • Its 3 year revenue growth rate is now at 31.9%.
FWRD's revenue has moved up $681,690,000 over the prior 49 months.

The table below shows FWRD's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-09-30 1,952.132 241.225 190.714
2022-06-30 1,861.734 200.322 162.117
2022-03-31 1,767.186 172.736 137.364
2021-12-31 1,662.427 120.261 105.859
2021-09-30 1,552.839 88.113 60.951
2021-06-30 1,465.211 62.168 54.062

FWRD's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • FWRD has a Quality Grade of C, ranking ahead of 57.51% of graded US stocks.
  • FWRD's asset turnover comes in at 1.398 -- ranking 19th of 137 Transportation stocks.
  • PTSI, ULH, and PATI are the stocks whose asset turnover ratios are most correlated with FWRD.

The table below shows FWRD's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 1.398 0.423 0.118
2021-03-31 1.268 0.421 0.071
2020-12-31 1.199 0.423 0.063
2020-09-30 1.281 0.440 0.107
2020-06-30 1.331 0.454 0.118
2020-03-31 1.441 0.465 0.153

FWRD Price Target

For more insight on analysts targets of FWRD, see our FWRD price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $103.83 Average Broker Recommendation 1.5 (Moderate Buy)

Forward Air Corporation (FWRD) Company Bio


Forward Air Corporation provides surface transportation and related logistics services. The company operates in three segments: Forward Air (Forward Air); Forward Air Solutions (FASI); and Total Quality (TQI). The company was founded in 1981 and is based in Greeneville, Tennessee.


FWRD Latest News Stream


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Latest FWRD News From Around the Web

Below are the latest news stories about FORWARD AIR CORP that investors may wish to consider to help them evaluate FWRD as an investment opportunity.

Omni alleges Forward CEO withheld, destroyed requested docs

Counsel for Omni Logistics claims Forward Air’s CEO withheld requested notes from board meetings discussing plans to avoid a merger between the companies. The post Omni alleges Forward CEO withheld, destroyed requested docs appeared first on FreightWaves.

Yahoo | December 28, 2023

Forward Air sells final-mile unit to Hub Group for $262M

Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics. The post Forward Air sells final-mile unit to Hub Group for $262M appeared first on FreightWaves.

Yahoo | December 20, 2023

Hub Group Expands Its Final Mile Service Offering through the Acquisition of Forward Air Final Mile

Acquisition of Forward Air Final Mile (“FAFM”) enhances end-to-end solutions for Hub Group’s customers and adds significant scale and service capability in appliance delivery and installation. Transaction Highlights Increases Hub Group’s LTM Final Mile revenue from $192m to $481mDrives continued diversification into non-asset based logistics services; pro forma LTM Logistics revenue now represents 44% of total Hub revenueAdds new capabilities in appliance delivery and installation and increases

Yahoo | December 20, 2023

Forward Air Announces Sale of Final Mile Business

GREENEVILLE, Tenn., December 20, 2023--Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") is pleased to announce the sale of its Final Mile business to Hub Group, Inc. for an estimated total cash consideration of $262 million. For the twelve months ended September 30, 2023, Final Mile generated approximately $289 million in revenue. Final Mile has approximately 45 locations and more than 640 employees that will transfer to Hub Group, Inc.

Yahoo | December 20, 2023

Forward Air Corporation's (NASDAQ:FWRD) Stock Been Rising: Are Strong Financials Guiding The Market?

Forward Air's (NASDAQ:FWRD) stock is up by 2.7% over the past week. Since the market usually pay for a company’s...

Yahoo | December 20, 2023

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FWRD Price Returns

1-mo -22.34%
3-mo -50.41%
6-mo -54.47%
1-year -69.99%
3-year -63.11%
5-year -49.27%
YTD -50.41%
2023 -39.34%
2022 -12.56%
2021 59.02%
2020 11.27%
2019 29.00%

FWRD Dividends

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