Forward Air Corporation
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $104.49
- Today's High:
- $105.9
- Open Price:
- $105.67
- 52W Low:
- $83.4776
- 52W High:
- $117.0406
- Prev. Close:
- $104.92
- Volume:
- 75555
Company Statistics
- Market Cap.:
- $2.75 billion
- Book Value:
- 26.727
- Revenue TTM:
- $1.97 billion
- Operating Margin TTM:
- 13.46%
- Gross Profit TTM:
- $594.21 million
- Profit Margin:
- 9.79%
- Return on Assets TTM:
- 14.28%
- Return on Equity TTM:
- 29.7%
Company Profile
Forward Air Corporation had its IPO on 1993-11-16 under the ticker symbol FWRD.
The company operates in the Industrials sector and Integrated Freight & Logistics industry. Forward Air Corporation has a staff strength of 4,155 employees.
Stock update
Shares of Forward Air Corporation opened at $105.67 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $104.49 - $105.9, and closed at $104.87.
This is a -0.05% slip from the previous day's closing price.
A total volume of 75,555 shares were traded at the close of the day’s session.
In the last one week, shares of Forward Air Corporation have increased by +1.98%.
Forward Air Corporation's Key Ratios
Forward Air Corporation has a market cap of $2.75 billion, indicating a price to book ratio of 4.2251 and a price to sales ratio of 1.4396.
In the last 12-months Forward Air Corporation’s revenue was $1.97 billion with a gross profit of $594.21 million and an EBITDA of $310.51 million. The EBITDA ratio measures Forward Air Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Forward Air Corporation’s operating margin was 13.46% while its return on assets stood at 14.28% with a return of equity of 29.7%.
In Q4, Forward Air Corporation’s quarterly earnings growth was a positive 8.9% while revenue growth was a positive 4.6%.
Forward Air Corporation’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 14.7153
- PEG
- 2.01
Its diluted EPS in the last 12-months stands at $7.13 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 2.01. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Forward Air Corporation’s profitability.
Forward Air Corporation stock is trading at a EV to sales ratio of 1.5957 and a EV to EBITDA ratio of 10.2802. Its price to sales ratio in the trailing 12-months stood at 1.4396.
Forward Air Corporation stock pays annual dividends of $0.96 per share, indicating a yield of 0.92% and a payout ratio of 13.35%.
Balance sheet and cash flow metrics
- Total Assets
- $1.21 billion
- Total Liabilities
- $169.40 million
- Operating Cash Flow
- $-40051000.00
- Capital Expenditure
- $15.33 million
- Dividend Payout Ratio
- 13.35%
Forward Air Corporation ended 2023 with $1.21 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.21 billion while shareholder equity stood at $707.24 million.
Forward Air Corporation ended 2023 with $51.09 million in deferred long-term liabilities, $169.40 million in other current liabilities, 265000.00 in common stock, $436.12 million in retained earnings and $306.18 million in goodwill. Its cash balance stood at $45.82 million and cash and short-term investments were $45.82 million. The company’s total short-term debt was $56,550,000 while long-term debt stood at $106.59 million.
Forward Air Corporation’s total current assets stands at $304.32 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $221.03 million compared to accounts payable of $54.60 million and inventory worth $0.
In 2023, Forward Air Corporation's operating cash flow was $-40051000.00 while its capital expenditure stood at $15.33 million.
Comparatively, Forward Air Corporation paid $0.13 in dividends in 2023.
Other key metrics
- Current Trading Price
- $104.87
- 52-Week High
- $117.0406
- 52-Week Low
- $83.4776
- Analyst Target Price
- $119.17
Forward Air Corporation stock is currently trading at $104.87 per share. It touched a 52-week high of $117.0406 and a 52-week low of $117.0406. Analysts tracking the stock have a 12-month average target price of $119.17.
Its 50-day moving average was $105.27 and 200-day moving average was $101.43 The short ratio stood at 3.13 indicating a short percent outstanding of 0%.
Around 50.2% of the company’s stock are held by insiders while 10139.8% are held by institutions.
Frequently Asked Questions About Forward Air Corporation
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About
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.