forward air - FWRD

FWRD

Close Chg Chg %
30.87 -1.94 -6.28%

Closed Market

28.93

-1.94 (6.28%)

Volume: 1.50M

Last Updated:

Dec 20, 2024, 4:00 PM EDT

Company Overview: forward air - FWRD

FWRD Key Data

Open

$30.67

Day Range

28.85 - 31.20

52 Week Range

11.21 - 67.20

Market Cap

$893.82M

Shares Outstanding

28.95M

Public Float

20.12M

Beta

1.02

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$31.62

Yield

77.75%

Dividend

$0.24

EX-DIVIDEND DATE

Nov 21, 2023

SHORT INTEREST

N/A

AVERAGE VOLUME

522.38K

 

FWRD Performance

1 Week
 
-11.91%
 
1 Month
 
-19.37%
 
3 Months
 
-19.50%
 
1 Year
 
-55.91%
 
5 Years
 
-58.17%
 

FWRD Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 6
Full Ratings ➔

About forward air - FWRD

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

FWRD At a Glance

Forward Air Corp.
1915 Snapps Ferry Road
Greeneville, Tennessee 37745-1824
Phone 1-423-636-7000 Revenue 1.37B
Industry Trucking Net Income 11.30M
Sector Transportation Employees 4,014
Fiscal Year-end 12 / 2024
View SEC Filings

FWRD Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 144.662
Price to Sales Ratio 1.193
Price to Book Ratio 2.112
Price to Cash Flow Ratio 9.013
Enterprise Value to EBITDA 23.48
Enterprise Value to Sales 2.494
Total Debt to Enterprise Value 0.569

FWRD Efficiency

Revenue/Employee 341,488.54
Income Per Employee 2,815.645
Receivables Turnover 8.639
Total Asset Turnover 0.637

FWRD Liquidity

Current Ratio 1.464
Quick Ratio 1.464
Cash Ratio 0.681

FWRD Profitability

Gross Margin 6.435
Operating Margin 6.435
Pretax Margin 4.132
Net Margin 0.825
Return on Assets 1.978
Return on Equity 5.788
Return on Total Capital 1.571
Return on Invested Capital 2.378

FWRD Capital Structure

Total Debt to Total Equity 254.602
Total Debt to Total Capital 71.799
Total Debt to Total Assets 63.985
Long-Term Debt to Equity 247.145
Long-Term Debt to Total Capital 69.697
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Forward Air - FWRD

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
1.27B 1.66B 1.97B 1.37B
Sales Growth
-9.98% +30.94% +18.71% -30.54%
Cost of Goods Sold (COGS) incl D&A
1.20B 1.50B 1.71B 1.28B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
37.13M 39.55M 47.39M 57.41M
Depreciation
23.64M 25.22M 31.40M 41.37M
Amortization of Intangibles
13.49M 14.33M 15.99M 16.04M
COGS Growth
-7.43% +25.72% +13.59% -24.89%
Gross Income
73.92M 159.30M 265.98M 88.21M
Gross Income Growth
-37.77% +115.49% +66.96% -66.84%
Gross Profit Margin
+5.82% +9.58% +13.48% +6.44%
2020 2021 2022 2023 5-year trend
SG&A Expense
- - - 5.09M
-
Research & Development
- - - -
-
Other SG&A
- - - 5.09M
-
SGA Growth
- - - -
-
Other Operating Expense
- - - (5.09M)
-
Unusual Expense
- - - -
-
EBIT after Unusual Expense
73.92M 159.30M 265.98M 88.21M
Non Operating Income/Expense
- - - (3.00K)
-
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
4.56M 4.34M 5.14M 31.57M
Interest Expense Growth
+68.24% -4.89% +18.44% +514.46%
Gross Interest Expense
4.56M 4.34M 5.14M 31.57M
Interest Capitalized
- - - -
-
Pretax Income
69.36M 154.96M 260.84M 56.64M
Pretax Income Growth
-40.26% +123.42% +68.32% -78.29%
Pretax Margin
+5.46% +9.32% +13.22% +4.13%
Income Tax
16.59M 38.87M 67.65M 13.84M
Income Tax - Current - Domestic
15.82M 37.45M 59.96M 22.73M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
772.00K 1.42M 7.69M (8.89M)
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
(385.00K) (807.00K) (1.07M) (220.00K)
Consolidated Net Income
52.38M 115.28M 192.12M 42.58M
Minority Interest Expense
- - - -
-
Net Income
52.38M 115.28M 192.12M 42.58M
Net Income Growth
-39.20% +120.08% +66.65% -77.84%
Net Margin Growth
+4.13% +6.93% +9.74% +3.11%
Extraordinaries & Discontinued Operations
- (29.03M) (10.16M) (31.28M)
Discontinued Operations
- (29.03M) (10.16M) (31.28M)
Net Income After Extraordinaries
23.35M 105.12M 192.12M 11.30M
Preferred Dividends
- - - -
-
Net Income Available to Common
23.35M 105.12M 192.12M 11.30M
EPS (Basic)
0.845 3.8712 7.1732 0.4362
EPS (Basic) Growth
-72.35% +358.13% +85.30% -93.92%
Basic Shares Outstanding
27.63M 27.16M 26.78M 25.91M
EPS (Diluted)
0.843 3.8518 7.1352 0.4346
EPS (Diluted) Growth
-72.30% +356.92% +85.24% -93.91%
Diluted Shares Outstanding
27.70M 27.29M 26.93M 26.00M
EBITDA
111.05M 198.85M 313.36M 145.62M
EBITDA Growth
-30.98% +79.07% +57.58% -53.53%
EBITDA Margin
+8.75% +11.96% +15.88% +10.62%

Snapshot

Average Recommendation HOLD Average Target Price 37.00
Number of Ratings 6 Current Quarters Estimate -0.122
FY Report Date 12 / 2024 Current Year's Estimate -0.513
Last Quarter’s Earnings -2.62 Median PE on CY Estimate N/A
Year Ago Earnings 3.92 Next Fiscal Year Estimate 0.523
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 5 4 3 6
Mean Estimate -0.12 -0.04 -0.51 0.52
High Estimates 0.01 0.17 -0.11 2.27
Low Estimate -0.42 -0.26 -0.72 -0.11
Coefficient of Variance -149.28 -468.69 -68.05 168.16

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 1 1 1
OVERWEIGHT 0 0 0
HOLD 5 5 7
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Hold Hold Hold

Insider Actions for Forward Air - FWRD

Date Name Shares Transaction Value
Oct 18, 2024 R. Craig Carlock Director 23,513 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 7, 2024 Christine Marie Gorjanc Director 6,963 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 7, 2024 Dale W. Boyles Director 6,963 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 2, 2024 Shawn Stewart Chief Executive Officer; Director 50,955 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 6, 2024 Wayne Gilbert West Director 338 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 1, 2024 Ridgemont Partners Management LLC Director 451 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 1, 2024 Charles Anderson Director 451 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 28, 2024 Michael B. Hodge Director 10,451 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 28, 2024 Ridgemont Partners Management LLC Director 451 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00

Forward Air in the News