FWRD
Forward Air Corporation NASDAQ Listed Nov 16, 1993$13.62
+0.44%
vs $13.56
Mkt Cap $421.8M
52w Low $8.31
22.2% of range
52w High $32.27
50d MA $14.77
200d MA $21.59
P/E (TTM)
-3.9x
EV/EBITDA
10.8x
P/B
2.6x
Debt/Equity
19.1x
ROE
-95.1%
P/FCF
27.6x
RSI (14)
78.80
ATR (14)
$0.91
Beta
1.47
50d MA
$14.77
200d MA
$21.59
Avg Volume
1.9M
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.
Building N · Greeneville, TN 37745 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 7, 2026 | AMC | -0.35 | -1.09 | -211.4% | 17.33 | -45.2% | -43.0% | +6.0% | -12.1% | -4.9% | +7.6% | — |
| Feb 23, 2026 | AMC | -0.27 | -0.28 | -5.7% | 25.28 | +5.9% | +4.5% | -4.8% | +2.5% | -1.9% | +0.6% | — |
| Nov 5, 2025 | AMC | -0.13 | -0.52 | -300.0% | 17.69 | +24.0% | +18.1% | +0.0% | +3.1% | +0.7% | +3.0% | — |
| Aug 11, 2025 | AMC | -0.17 | -0.41 | -141.2% | 28.57 | +7.6% | +1.9% | -0.4% | +5.2% | -2.4% | -4.9% | — |
| May 7, 2025 | AMC | -0.47 | -1.59 | -238.3% | 17.23 | +3.9% | +0.2% | -5.5% | +16.6% | -0.7% | -0.6% | — |
| Feb 26, 2025 | AMC | -0.12 | 0.01 | +108.3% | 25.75 | -11.4% | -10.7% | -2.3% | +0.4% | -1.8% | -4.3% | — |
| Nov 4, 2024 | AMC | -0.05 | -1.71 | -3320.0% | 33.73 | -5.7% | +8.2% | +3.9% | -2.8% | -3.9% | +0.0% | — |
| Aug 7, 2024 | AMC | -0.07 | -23.29 | -9999.0% | 22.50 | +20.3% | +21.1% | -4.6% | -4.8% | +2.8% | -1.3% | — |
| May 8, 2024 | AMC | -0.15 | -0.64 | -326.7% | 21.51 | -40.2% | -22.1% | -7.9% | +4.7% | -8.3% | -2.8% | — |
| Feb 28, 2024 | AMC | 0.97 | 0.81 | -16.5% | 39.15 | -5.5% | -5.2% | -13.7% | -0.8% | -4.8% | +1.6% | — |
| Oct 30, 2023 | AMC | 1.10 | 0.99 | -10.0% | 70.98 | -9.9% | -9.3% | -2.7% | +4.3% | +1.3% | +1.1% | — |
| Aug 2, 2023 | AMC | 1.28 | 0.91 | -28.9% | 118.91 | -10.0% | -5.7% | -1.6% | +0.6% | -0.9% | +0.0% | — |
| May 1, 2023 | AMC | 1.31 | 1.37 | +4.6% | 106.70 | -5.4% | -7.6% | +0.1% | -1.4% | -0.0% | -0.6% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 16 | Stifel | Maintains | Buy → Buy | — | $19.19 | $19.03 | -0.8% | +8.8% | +6.3% | +4.2% | -0.0% | -1.5% |
| Jan 21 | Stifel | Maintains | Buy → Buy | — | $27.06 | $27.54 | +1.8% | +5.6% | -0.4% | -2.4% | -2.8% | +3.2% |
| Jan 5 | Susquehanna | Maintains | Positive → Positive | — | $25.13 | $26.00 | +3.5% | +1.3% | +1.8% | +0.9% | +0.4% | +3.1% |
| Oct 17 | Stifel | Maintains | Buy → Buy | — | $20.82 | $20.46 | -1.7% | -3.3% | -4.7% | +6.7% | -7.1% | -0.3% |
| Aug 12 | Susquehanna | Maintains | Positive → Positive | — | $28.57 | $30.75 | +7.6% | +1.9% | -0.4% | +5.2% | -2.4% | -4.9% |
| Jul 24 | Stifel | Maintains | Buy → Buy | — | $30.45 | $30.61 | +0.5% | +2.6% | +2.8% | +0.5% | -3.8% | -0.8% |
| Jun 26 | Stifel | Upgrade | Hold → Buy | — | $22.46 | $24.98 | +11.2% | +8.0% | +3.7% | -2.4% | +1.1% | +6.1% |
| Apr 10 | Stifel | Maintains | Hold → Hold | — | $13.85 | $13.37 | -3.5% | -3.9% | +1.6% | +7.7% | +0.3% | +0.3% |
| Mar 31 | Susquehanna | Maintains | Positive → Positive | — | $20.72 | $20.41 | -1.5% | -3.0% | -2.5% | +5.9% | -27.9% | -12.2% |
| Feb 27 | Baird | Maintains | Neutral → Neutral | — | $25.75 | $22.81 | -11.4% | -10.7% | -2.3% | +0.4% | -1.8% | -4.3% |
| Jan 23 | Stifel | Maintains | Hold → Hold | — | $34.14 | $34.67 | +1.6% | -2.0% | +0.1% | +3.3% | -2.8% | -0.8% |
| Jan 7 | Benchmark | Maintains | Hold → Hold | — | $32.55 | $32.63 | +0.2% | -1.7% | +0.0% | +0.7% | +6.6% | -0.6% |
| Oct 21 | Stifel | Maintains | Hold → Hold | — | $39.66 | $40.10 | +1.1% | -0.6% | -4.9% | -2.0% | -0.5% | +0.8% |
| Aug 8 | Baird | Maintains | Neutral → Neutral | — | $22.50 | $27.06 | +20.3% | +21.1% | -4.6% | -4.8% | +2.8% | -1.3% |
| Jul 3 | Baird | Maintains | Neutral → Neutral | — | $19.34 | $19.60 | +1.3% | +0.6% | -3.4% | +2.9% | -3.5% | +3.8% |
| May 28 | Wolfe Research | Upgrade | Underperform → Peer Perform | — | $12.33 | $12.99 | +5.4% | +21.7% | -4.5% | +16.8% | +0.4% | +2.6% |
| May 10 | Baird | Maintains | Neutral → Neutral | — | $16.76 | $16.75 | -0.1% | -7.9% | +4.7% | -8.3% | -2.8% | +6.9% |
| Mar 1 | Baird | Maintains | Neutral → Neutral | — | $37.13 | $36.25 | -2.4% | -13.7% | -0.8% | -4.8% | +1.6% | +1.8% |
| Jan 22 | Stifel | Maintains | Hold → Hold | — | $51.30 | $51.52 | +0.4% | +3.3% | -6.3% | -1.7% | -4.0% | -0.7% |
| Jan 10 | Wolfe Research | Downgrade | Peer Perform → Underperform | — | $63.38 | $61.58 | -2.8% | -8.8% | -2.3% | -0.2% | -4.8% | -1.1% |
| Jan 10 | Stifel | Maintains | Hold → Hold | — | $63.38 | $61.58 | -2.8% | -8.8% | -2.3% | -0.2% | -4.8% | -1.1% |
| Nov 1 | Susquehanna | Maintains | Positive → Positive | — | $64.41 | $64.24 | -0.3% | -2.7% | +4.3% | +1.3% | +1.1% | -0.6% |
| Oct 4 | Susquehanna | Maintains | Positive → Positive | — | $69.67 | $70.00 | +0.5% | +1.8% | -0.5% | +1.2% | +1.8% | +0.2% |
| Aug 29 | Jefferies | Upgrade | Hold → Buy | — | $70.89 | $71.91 | +1.4% | +4.1% | -2.4% | -1.6% | +1.3% | -2.3% |
| Aug 15 | Baird | Downgrade | Outperform → Neutral | — | $73.23 | $71.77 | -2.0% | -7.9% | -4.7% | -1.4% | +1.8% | +0.9% |
| Aug 11 | Wolfe Research | Downgrade | Peer Perform → Underperform | — | $104.02 | $94.06 | -9.6% | -25.4% | -5.7% | -7.9% | -4.7% | -1.4% |
| Aug 11 | Stifel | Downgrade | Buy → Hold | — | $104.02 | $94.06 | -9.6% | -25.4% | -5.7% | -7.9% | -4.7% | -1.4% |
| Aug 11 | Raymond James | Downgrade | Strong Buy → Market Perform | — | $104.02 | $94.06 | -9.6% | -25.4% | -5.7% | -7.9% | -4.7% | -1.4% |
| Aug 7 | Stephens & Co. | Maintains | Overweight → Overweight | — | $110.34 | $110.57 | +0.2% | +0.6% | -0.9% | +0.0% | -5.4% | -25.4% |
| Aug 7 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $110.34 | $110.57 | +0.2% | +0.6% | -0.9% | +0.0% | -5.4% | -25.4% |
| Jul 19 | Baird | Upgrade | Neutral → Outperform | — | $112.81 | $115.98 | +2.8% | +4.5% | -0.8% | +0.9% | +1.1% | -0.9% |
| Jul 7 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $103.24 | $103.56 | +0.3% | +2.4% | +1.8% | +1.3% | +0.6% | -1.1% |
| Jun 16 | Susquehanna | Maintains | Positive → Positive | — | $104.18 | $105.26 | +1.0% | +0.3% | -1.7% | +0.5% | -1.8% | -1.9% |
| May 3 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $98.62 | $99.15 | +0.5% | +0.1% | -1.4% | -0.0% | -0.6% | -0.9% |
| May 2 | Stephens & Co. | Maintains | Overweight → Overweight | — | $106.70 | $100.91 | -5.4% | -7.6% | +0.1% | -1.4% | -0.0% | -0.6% |
| Apr 10 | Susquehanna | Maintains | Positive → Positive | — | $102.69 | $103.30 | +0.6% | +5.0% | +1.0% | +0.0% | -0.4% | +1.8% |
| Mar 8 | Stephens & Co. | Maintains | Overweight → Overweight | — | $105.96 | $106.22 | +0.2% | +1.7% | -0.6% | -1.7% | +0.3% | +0.0% |
| Feb 10 | Susquehanna | Maintains | Positive → Positive | — | $97.81 | $97.48 | -0.3% | +3.0% | +1.9% | +1.9% | -0.5% | -0.3% |
| Feb 9 | Stephens & Co. | Maintains | Overweight → Overweight | — | $114.17 | $102.75 | -10.0% | -14.3% | +3.0% | +1.9% | +1.9% | -0.5% |
| Jan 4 | Jefferies | Downgrade | Buy → Hold | — | $104.70 | $102.29 | -2.3% | -3.0% | +0.8% | +2.7% | +0.5% | -2.0% |
| Oct 25 | Jefferies | Maintains | Buy → Buy | — | $98.98 | $99.94 | +1.0% | +1.9% | +2.1% | -1.4% | +3.0% | +1.3% |
| Oct 14 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $98.83 | $98.98 | +0.2% | -1.5% | +1.2% | +2.6% | -3.1% | -2.9% |
| Jul 29 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $102.15 | $101.97 | -0.2% | +2.7% | +0.2% | -0.6% | +0.4% | +0.5% |
| Jul 20 | Benchmark | Maintains | Hold → Hold | — | $95.75 | $95.80 | +0.1% | +0.5% | +1.2% | -0.7% | -1.0% | -0.2% |
| Jul 15 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $87.37 | $89.37 | +2.3% | +2.2% | +1.2% | +6.0% | +0.5% | +1.2% |
| Apr 29 | Stifel | Upgrade | Hold → Buy | — | $98.00 | $98.98 | +1.0% | -1.1% | +2.4% | -1.2% | +4.6% | -2.9% |
| Jan 6 | Wolfe Research | Downgrade | Outperform → Peer Perform | — | $118.64 | $115.52 | -2.6% | -2.5% | -1.0% | -1.6% | +0.9% | -0.7% |
| Jan 5 | Baird | Downgrade | Outperform → Neutral | — | $124.61 | $121.67 | -2.4% | -4.8% | -2.5% | -1.0% | -1.6% | +0.9% |
| Jan 4 | Stephens & Co. | Upgrade | Equal Weight → Overweight | — | $120.66 | $124.56 | +3.2% | +3.3% | -4.8% | -2.5% | -1.0% | -1.6% |
| Dec 30 | Raymond James | Maintains | Strong Buy → Strong Buy | — | $120.89 | $122.04 | +1.0% | -0.5% | +0.7% | -0.4% | +3.3% | -4.8% |
No insider trades available.
8-K
Forward Air Corporation -- 8-K Filing
This summary is too generic and technical to extract meaningful information about Forward Air Corporation's material event, so no investor-specific conclusion can be drawn.
Jun 17
8-K · 2.02
!! High
Forward Air Corporation -- 8-K 2.02: Earnings Results
Forward Air Corporation reported Q1 2026 earnings results, with financial performance details disclosed in a May 7 press release.
May 7
8-K
Forward Air Corp -- 8-K Filing
Forward Air delivered $36 million in operating income and $307 million in EBITDA for 2025 despite challenging freight market conditions, demonstrating operational resilience for investors.
Feb 23
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Irenic Capital Management Lp | 1,229,819 | $21M | New | Mar 2026 |
| 2 | Private Management Group Inc | 1,155,405 | $19M | Added | Mar 2026 |
| 3 | Fmr Llc | 1,086,649 | $18M | Added | Mar 2026 |
| 4 | Morgan Stanley | 688,142 | $17M | Reduced | Dec 2025 |
| 5 | Vanguard Capital Management Llc | 1,026,697 | $17M | New | Mar 2026 |
| 6 | Vanguard Portfolio Management Llc | 898,220 | $15M | New | Mar 2026 |
| 7 | Melqart Asset Management (Uk) Ltd | 877,744 | $15M | Added | Mar 2026 |
| 8 | Ubs Group Ag | 755,967 | $13M | Added | Mar 2026 |
| 9 | Cibc World Market Inc. | 734,272 | $12M | Reduced | Mar 2026 |
| 10 | Littlejohn & Co Llc | 733,261 | $12M | Reduced | Mar 2026 |
| 11 | Jane Street Group, Llc | 419,266 | $10M | Added | Dec 2025 |
| 12 | Bnp Paribas Financial Markets | 480,196 | $8M | Added | Mar 2026 |
| 13 | Citadel Advisors Llc | 415,342 | $7M | Added | Mar 2026 |
| 14 | Hrt Financial Lp | 407,185 | $7M | Added | Mar 2026 |
| 15 | Invesco Ltd. | 312,752 | $5M | Added | Mar 2026 |
| 16 | Bank Of America Corp /de/ | 311,107 | $5M | Reduced | Mar 2026 |
| 17 | Mill Road Capital Management Llc | 226,750 | $4M | Added | Mar 2026 |
| 18 | Northern Trust Corp | 219,789 | $4M | — | Mar 2026 |
| 19 | Renaissance Technologies Llc | 211,539 | $4M | New | Mar 2026 |
| 20 | Citigroup Inc | 120,496 | $3M | Added | Dec 2025 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$421.8M
Enterprise Value
$2.00B
P/E (TTM)
-3.91x
Forward P/E
—
PEG Ratio
0.08x
P/B
2.61x
P/S
0.17x
P/FCF
27.63x
EV/EBITDA
10.76x
Shares Out
31.0M
Financials (TTM)
Revenue
$2.50B
Net Income
-$107.8M
EBITDA
$186.2M
Free Cash Flow
$15.3M
Op Cash Flow
$44.4M
EPS Basic
$-3.48
EPS Diluted
$-3.48
EPS Forward
$-0.68
Gross Margin
20.5%
Op Margin
1.5%
Net Margin
-4.3%
Balance Sheet
Total Assets
$2.74B
Total Liab.
$2.58B
Total Equity
$161.7M
Cash
$106.0M
LT Debt
$1.69B
Book Value/Sh
$5.22
Debt/Equity
19.05x
Current Ratio
1.22
Quick Ratio
1.22
Returns & Growth
ROE
-95.1%
ROA
-4.0%
ROIC
1.4%
Rev Growth YoY
+0.8%
EPS Growth YoY
+88.2%
Price Returns
2W
+12.6%
1M
-49.8%
3M
-58.2%
6M
-53.9%
12M
-36.9%
Technicals
52W High
$32.27
52W Low
$8.31
50d MA
$14.77
200d MA
$21.59
RSI (14)
78.80
ATR (14)
$0.91
Beta
1.47
Avg Volume
1.9M
Dividends
Div Rate
$0.00
Div Yield
—
Frequency
4
Ex-Div Date
Nov 21, 2023
Analyst Price Targets
Consensus
$37.00
High
$42.00
Low
$32.00
Median
$37.00
Data updated apr 25, 2026 10:33am
· Source: financialmodelingprep.com