Industrials - Integrated Freight & Logistics - NASDAQ - US
$ 34.52
-4.3 %
$ 1 B
Market Cap
-1.18
P/E
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 final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also 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.[ Read More ]
The intrinsic value of one FWRD stock under the base case scenario is HIDDEN Compared to the current market price of 34.5 USD, Forward Air Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart FWRD
FINANCIALS
1.37 B
REVENUE
88.2 M
OPERATING INCOME
42.6 M
NET INCOME
181 M
OPERATING CASH FLOW
175 M
INVESTING CASH FLOW
1.55 B
FINANCING CASH FLOW
604 M
REVENUE
22.7 M
OPERATING INCOME
-387 M
NET INCOME
118 M
OPERATING CASH FLOW
-9.47 M
INVESTING CASH FLOW
-6.44 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Forward Air Corporation
| Current Assets | 347 M |
| Cash & Short-Term Investments | 122 M |
| Receivables | 159 M |
| Other Current Assets | 66.4 M |
| Non-Current Assets | 2.63 B |
| Long-Term Investments | 0 |
| PP&E | 370 M |
| Other Non-Current Assets | 2.26 B |
| Current Liabilities | 237 M |
| Accounts Payable | 45.4 M |
| Short-Term Debt | 101 M |
| Other Current Liabilities | 90.3 M |
| Non-Current Liabilities | 1.98 B |
| Long-Term Debt | 1.89 B |
| Other Non-Current Liabilities | 89.3 M |
EFFICIENCY
Earnings Waterfall
Forward Air Corporation
| Revenue | 1.37 B |
| Cost Of Revenue | 1.28 B |
| Gross Profit | 88.2 M |
| Operating Expenses | 299 M |
| Operating Income | 88.2 M |
| Other Expenses | 45.6 M |
| Net Income | 42.6 M |
RATIOS
6.44%
GROSS MARGIN
6.44%
OPERATING MARGIN
12.21%
NET MARGIN
21.90%
ROE
5.62%
ROA
2.55%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Forward Air Corporation
| Net Income | 42.6 M |
| Depreciation & Amortization | 57.4 M |
| Capital Expenditures | -30.7 M |
| Stock-Based Compensation | 11.5 M |
| Change in Working Capital | 92.5 M |
| Others | 17 M |
| Free Cash Flow | 151 M |
Wall Street Analysts Price Targets
Forward Air Corporation
Wall Street analysts predict an average 1-year price target for FWRD of $32.1 , with forecasts ranging from a low of $17 to a high of $47 .
FWRD Lowest Price Target
Wall Street Target
17 USD
-50.75%
FWRD Average Price Target
Wall Street Target
32.1 USD
-6.89%
FWRD Highest Price Target
Wall Street Target
47 USD
36.15%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.24 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Forward Air Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 years ago
May 05, 2021
|
Sell 24.4 K USD
|
BONEBRAKE VALERIE A
Director |
- 250
|
97.62 USD |
|
1 year ago
Aug 25, 2023
|
Bought 75 K USD
|
MITCHIN KYLE R
Chief People Officer |
+ 1093
|
68.63 USD |
|
1 year ago
Aug 22, 2023
|
Bought 20.4 K USD
|
Ronning Nancee L
Chief Commercial Officer |
+ 315
|
64.65 USD |
|
1 year ago
Aug 25, 2023
|
Bought 100 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
+ 1433.17
|
69.77 USD |
|
1 year ago
Aug 18, 2023
|
Bought 64.6 K USD
|
POLIT JAVIER
Director |
+ 1000
|
64.59 USD |
|
1 year ago
Aug 18, 2023
|
Bought 31.6 K USD
|
LYNCH GEORGE M
Director |
+ 500
|
63.28 USD |
|
1 year ago
Aug 18, 2023
|
Bought 104 K USD
|
Carlock Craig
Director |
+ 1600
|
64.84 USD |
|
1 year ago
Aug 18, 2023
|
Bought 32 K USD
|
Mayes George S JR
Director |
+ 500
|
64 USD |
|
1 year ago
Aug 18, 2023
|
Bought 322 K USD
|
Campbell C Robert
Director |
+ 5000
|
64.33 USD |
|
1 year ago
Aug 18, 2023
|
Bought 25.5 K USD
|
MITCHIN KYLE R
Chief People Officer |
+ 397.677
|
64.12 USD |
|
1 year ago
Aug 17, 2023
|
Bought 128 K USD
|
ALLEN RONALD W
Director |
+ 2000
|
64.06 USD |
|
1 year ago
Aug 17, 2023
|
Bought 102 K USD
|
Nayak Chitra
Director |
+ 1600
|
63.76 USD |
|
1 year ago
Aug 17, 2023
|
Bought 1.01 M USD
|
Schmitt Thomas
President & CEO |
+ 16050
|
62.7 USD |
|
1 year ago
Aug 17, 2023
|
Bought 245 K USD
|
Tucker Laurie Anne
Director |
+ 4000
|
61.23 USD |
|
1 year ago
Aug 17, 2023
|
Bought 24.9 K USD
|
Hance Michael L
CLO and Secretary |
+ 411
|
60.655 USD |
|
2 years ago
Dec 02, 2021
|
Bought 90.2 K USD
|
POLIT JAVIER
Director |
+ 887
|
101.73 USD |
|
2 years ago
Nov 30, 2021
|
Bought 10 K USD
|
POLIT JAVIER
Director |
+ 100
|
100.43 USD |
|
2 years ago
May 18, 2022
|
Bought 902 K USD
|
NISWONGER SCOTT M
Director |
+ 10000
|
90.15 USD |
|
2 years ago
May 26, 2022
|
Sell 253 K USD
|
LYNCH GEORGE M
Director |
- 2681
|
94.22 USD |
|
1 year ago
Feb 15, 2023
|
Bought 408 K USD
|
Tucker Laurie Anne
Director |
+ 4000
|
101.97 USD |
|
1 year ago
Dec 14, 2022
|
Sell 126 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 1161
|
108.59 USD |
|
1 year ago
Dec 14, 2022
|
Sell 91.6 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 839
|
109.2 USD |
|
1 year ago
Dec 12, 2022
|
Sell 112 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 1047
|
107.02 USD |
|
1 year ago
Dec 12, 2022
|
Sell 121 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 1130
|
107.37 USD |
|
1 year ago
Dec 09, 2022
|
Sell 302 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 2823
|
107 USD |
|
2 years ago
Nov 30, 2021
|
Bought 9.91 K USD
|
POLIT JAVIER
Director |
+ 100
|
99.115 USD |
|
3 years ago
Nov 02, 2021
|
Sell 354 K USD
|
Hance Michael L
CLO and Secretary |
- 3379
|
104.68 USD |
|
3 years ago
Jun 14, 2021
|
Bought 45.8 K USD
|
Mayes George S JR
Director |
+ 500
|
91.53 USD |
|
3 years ago
May 13, 2021
|
Sell 458 K USD
|
Hance Michael L
CLO and Secretary |
- 4800
|
95.47 USD |
|
3 years ago
May 13, 2021
|
Sell 19.2 K USD
|
Hance Michael L
CLO and Secretary |
- 200
|
96.05 USD |
|
3 years ago
May 07, 2021
|
Sell 841 K USD
|
MITCHIN KYLE R
Chief People Officer |
- 8660
|
97.13 USD |
|
3 years ago
May 07, 2021
|
Sell 841 K USD
|
MITCHIN KYLE R
Chief People Officer |
- 8660
|
97.13 USD |
|
3 years ago
May 07, 2021
|
Sell 302 K USD
|
LYNCH GEORGE M
Director |
- 3056
|
98.69 USD |
|
3 years ago
May 04, 2021
|
Sell 593 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 6264
|
94.6 USD |
|
3 years ago
May 04, 2021
|
Sell 144 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 1504
|
95.44 USD |
|
3 years ago
Dec 01, 2020
|
Sell 194 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 2621
|
74.13 USD |
|
3 years ago
Dec 01, 2020
|
Sell 194 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 2621
|
74.13 USD |
|
3 years ago
Nov 27, 2020
|
Sell 581 K USD
|
Hance Michael L
CLO and Secretary |
- 7846
|
74.0397 USD |
|
3 years ago
Nov 27, 2020
|
Sell 673 K USD
|
Morris Michael Joseph
CFO and Treasurer |
- 9098
|
73.9511 USD |
|
3 years ago
Nov 27, 2020
|
Sell 355 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 4800
|
74.0517 USD |
|
3 years ago
Nov 25, 2020
|
Sell 227 K USD
|
Campbell C Robert
Director |
- 3000
|
75.7494 USD |
|
4 years ago
Sep 01, 2020
|
Sell 230 K USD
|
JEWELL MATTHEW J
|
- 3846
|
59.8975 USD |
|
4 years ago
Sep 02, 2020
|
Sell 286 K USD
|
MITCHIN KYLE R
Chief People Officer |
- 4793
|
59.7629 USD |
|
4 years ago
Aug 12, 2020
|
Sell 238 K USD
|
Hance Michael L
CLO and Secretary |
- 4009
|
59.4245 USD |
|
4 years ago
Aug 12, 2020
|
Sell 179 K USD
|
JEWELL MATTHEW J
|
- 3000
|
59.7205 USD |
|
4 years ago
Aug 06, 2020
|
Sell 0 USD
|
JEWELL MATTHEW J
|
- 207
|
0 USD |
|
4 years ago
Aug 05, 2020
|
Sell 320 K USD
|
JEWELL MATTHEW J
|
- 5858
|
54.6091 USD |
|
4 years ago
Aug 04, 2020
|
Sell 1.06 M USD
|
JEWELL MATTHEW J
|
- 19761
|
53.6732 USD |
|
5 years ago
Aug 29, 2019
|
Sell 300 K USD
|
ADELAAR GLENN A
Director |
- 4917
|
61.0507 USD |
|
5 years ago
Aug 29, 2019
|
Sell 300 K USD
|
ADELAAR GLENN A
other: Former Officer |
- 4917
|
61.0507 USD |
|
5 years ago
Feb 28, 2019
|
Sell 1.08 M USD
|
CAMPBELL BRUCE A
Chairman |
- 16651
|
65.01 USD |
|
5 years ago
Feb 26, 2019
|
Sell 531 K USD
|
CAMPBELL BRUCE A
Chairman |
- 8148
|
65.2 USD |
|
5 years ago
Feb 27, 2019
|
Sell 5.98 K USD
|
CAMPBELL BRUCE A
Chairman |
- 92
|
65.02 USD |
|
5 years ago
Feb 22, 2019
|
Sell 450 K USD
|
CAMPBELL BRUCE A
Chairman |
- 6713
|
67.1 USD |
|
5 years ago
Feb 25, 2019
|
Sell 1.2 M USD
|
CAMPBELL BRUCE A
Chairman |
- 18208
|
66.05 USD |
|
5 years ago
Feb 21, 2019
|
Sell 136 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 2000
|
68.1 USD |
|
5 years ago
Feb 12, 2019
|
Sell 516 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 7926
|
65.12 USD |
|
6 years ago
Nov 01, 2018
|
Sell 119 K USD
|
LYNCH GEORGE M
Director |
- 1965
|
60.52 USD |
|
6 years ago
Sep 04, 2018
|
Sell 539 K USD
|
CAMPBELL BRUCE A
Chairman |
- 8214
|
65.5994 USD |
|
6 years ago
Sep 05, 2018
|
Sell 26.8 K USD
|
CAMPBELL BRUCE A
Chairman |
- 413
|
65 USD |
|
6 years ago
Aug 27, 2018
|
Sell 550 K USD
|
CAMPBELL BRUCE A
Chairman, President & CEO |
- 8523
|
64.5079 USD |
|
6 years ago
Aug 21, 2018
|
Sell 567 K USD
|
CAMPBELL BRUCE A
Chairman, President & CEO |
- 8790
|
64.5262 USD |
|
6 years ago
Aug 17, 2018
|
Sell 509 K USD
|
JEWELL MATTHEW J
President - Intermodal Serv. |
- 8080
|
63.0009 USD |
|
6 years ago
Jul 30, 2018
|
Sell 125 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 2000
|
62.5 USD |
|
6 years ago
Jul 30, 2018
|
Sell 125 K USD
|
RUBLE CHRIS C
Chief Operating Officer |
- 2000
|
62.5 USD |
|
6 years ago
Jul 30, 2018
|
Sell 896 K USD
|
ADELAAR GLENN A
Senior VP, Systems Technology |
- 14397
|
62.2607 USD |
|
6 years ago
Jun 14, 2018
|
Sell 283 K USD
|
Hance Michael L
Senior VP, CLO and Secretary |
- 4669
|
60.6592 USD |
7. News
Forward Air Announces New Chief Commercial Officer
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced that Eric Brandt has joined the Company as Chief Commercial Officer to lead its strategic growth plan and business development efforts. Mr. Brandt brings a strong track record of driving profitable growth in the logistics space, holding leadership roles at Agility, Panalpina, Kraft Foods and most recently, CEVA Logistics, where he served as Executive Vice President of Busines.
businesswire.com
- 1 week ago
Forward Air Corporation (FWRD) Q3 2024 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Tony Carreño - SVP, Treasury and IR Shawn Stewart - CEO Jamie Pierson - CFO Conference Call Participants Bruce Chan - Stifel Joe Hafling - Jefferies Scott Group - Wolfe Research Bascome Majors - Susquehanna Christopher Kuhn - Benchmark Company Operator Welcome to the Forward Air's Third 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.
seekingalpha.com
- 1 week ago
Forward Air Corporation Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) will release its third quarter 2024 earnings after the market closes on Monday, November 4, 2024, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 225-9448, Access Code: FWRDQ324. A conference call replay will be av.
businesswire.com
- 3 weeks ago
Strength Seen in Forward Air (FWRD): Can Its 6.2% Jump Turn into More Strength?
Forward Air (FWRD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
zacks.com
- 4 weeks ago
Why Forward Air Stock Soared Today
A voice within the company is pushing for a change in ownership.
fool.com
- 1 month ago
Forward Air Corporation Issues Statement
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”) today issued the following statement: The Forward Air Board of Directors and management acknowledge and value the perspectives of the Company's shareholders. The Company has recently undergone a significant transformation, including substantially refreshing its Board and management team, and is focused on continuing to provide industry leading service and executing its strategic plan with a renewed sense.
businesswire.com
- 1 month ago
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.
cnbc.com
- 2 months ago
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.
seekingalpha.com
- 3 months ago
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.
fool.com
- 3 months ago
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.
investorplace.com
- 3 months ago
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.
investorplace.com
- 4 months ago
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.
fool.com
- 4 months ago
8. Profile Summary
Forward Air Corporation FWRD
COUNTRY
US
INDUSTRY
Integrated Freight & Logistics
MARKET CAP
$ 1 B
Dividend Yield
0.00%
Description
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 final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also 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.
Contact
Building N, Greeneville, TN, 37745
https://www.forwardaircorp.com
IPO Date
Nov. 16, 1993
Employees
4014
Officers
Mr. Eric Brandt
Chief Commercial Officer
Mr. Chris C. Ruble
President & Chief Operating Officer
Mr. Kyle R. Mitchin
Chief People Officer
Mr. Shawn Stewart
Chief Executive Officer & Director
Mr. Jamie G. Pierson
Chief Financial Officer
Mr. James R. Faught
Chief Accounting Officer
Mr. Joseph Michael Tomasello
Chief Information Officer