FWRD Company Profile and Key Details

Q: Who are the executives of FWRD?

Mr. Chris C. RubleChief Operating OfficerMr. Michael L. HanceChief Legal Officer & Sec.Mr. Kyle R. MitchinChief People OfficerMr. Joseph Michael TomaselloChief Information OfficerMr. Matthew J. JewellConsultantSandi UnderwoodAssistant Corporation Sec.Ms. Nancee RonningChief Commercial OfficerMr. Thomas SchmittPres, Chief Executive Officer & Executive ChairmanMs. Rebecca J. GarbrickChief Financial Officer & Treasurer

NASDAQ : FWRD

Forward Air

$8.31

-0.19-2.24%

At Close 4:00 PM

63.81

BESG ScoreESG Rating

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

Forward Air Corporation (FWRD) stock declined over -2.24%, trading at $8.31 on NASDAQ, down from the previous close of $8.50. The stock opened at $8.29, fluctuating between $7.86 and $8.46 in the recent session.

Stock Snapshot

8.5

Prev. Close

262.8M

Market Cap

7.855

Day Low

-2.85

P/E Ratio

-2.92

EPS (TTM)

5.87

Cash Flow per Share

8.29

Open

31.63M

Number of Shares

8.46

Day High

70.03%

Free Float in %

29.77

Book Value

2.69M

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
May 19, 2026	8.48	8.48	7.86	8.31	2.69M
May 18, 2026	8.87	9.10	8.47	8.50	1.48M
May 15, 2026	9.38	9.55	8.55	8.76	1.46M
May 14, 2026	8.80	10.10	8.76	9.40	2.66M
May 13, 2026	9.20	9.42	8.65	8.74	1.88M
May 12, 2026	10.46	10.46	9.18	9.19	1.93M
May 11, 2026	10.05	10.60	9.52	10.46	3.63M
May 08, 2026	9.50	11.86	9.50	9.87	9.85M
May 07, 2026	18.44	18.45	17.16	17.33	1.34M
May 06, 2026	17.36	18.67	17.20	18.36	1.04M
May 05, 2026	16.18	17.12	16.00	17.03	1.17M
May 04, 2026	21.20	21.30	16.09	16.22	3.22M
Apr 30, 2026	21.51	21.91	20.99	21.06	811.24K
Apr 29, 2026	22.20	22.49	21.20	21.51	590.82K
Apr 28, 2026	22.80	22.96	22.06	22.41	379.03K
Apr 27, 2026	23.60	23.90	22.83	22.85	546.41K
Apr 23, 2026	22.88	23.30	22.47	22.75	480.53K
Apr 22, 2026	23.26	23.53	22.71	22.75	1.55M
Apr 21, 2026	23.20	23.55	22.79	23.10	454.4K
Apr 20, 2026	22.18	23.42	21.96	23.11	672.23K

Contact Details

Greeneville, TN 37745

United States

https://www.forwardaircorp.com 423 636 7000

About Company

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.

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Company Overview

Forward Air Corporation (NASDAQ:FWRD) closed at $8.31 USD, losing -$0.19 (-2.24%) from the previous close of $8.50. The stock is currently mid-range between its 52-week high and low $7.86 and $32.47. With a market capitalization of about $262.80 million, Forward Air Corporation is classified as a micro-cap and shows higher-than-market volatility (beta ~1.59). Key stats such as the average daily volume over the past year has been around 1.13 million shares, trading with heavier-than-usual volume. Headquartered in Greeneville, TN, Forward Air Corporation operates in the Industrials sector and the Integrated Freight & Logistics industry. Led by CEO Shawn Stewart, the company employs approximately 6,319 people and listed since November 16, 1993. Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada.

Technical Performance

Short-term trend indicators are bearishly aligned (SMA20 -7.75%, SMA50 -4.86%, SMA200 3.04%). The stock’s 14-day RSI is 42.61 (neutral), while the ATR of 1.57 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -20.63% below its high and over 163.36% above its low. Average 10-day trading volume of 2.25 million shares is significantly above the 3-month average of 1.16 million, indicating heightened recent market interest.

Valuation Metrics

Forward Air Corporation trades at a P/E ratio of -2.81, slightly below the S&P 500 average, with a price-to-sales ratio of 0.11 and a price-to-book ratio of 3.17 trading at moderately above to book value. The P/FCF stands at 6.83, also above market averages.

Dividend & Fair Value

Forward Air Corporation last paid a dividend of 0 per share, this equals a trailing yield of roughly 2.94%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $46.85. This means the shares are trading below this model’s fair value.

Earnings & Analyst Outlook

The latest quarter delivered EPS of -$1.09. The next quarter is forecast at -$0.39. Next year's EPS is expected at $6.97. Analyst sentiment is bullish. Analyst rating data shows there are 0 Strong Buy ratings, 8 Buy ratings, 0 Hold ratings, 0 Sell rating and 0 Strong Sell ratings. Price targets range from $45.00 to $18.00. The high target offers 441.52% upside. The low target suggests 116.61% downside. The mean target is $32.50. This offers 291.1% upside. Forward Air Corporation earnings surprise history is a mixed track record. The quarter that ended May 07, 2026, missed forecasts by 211.43%. The prior quarter beat by 5.66%. Over the last six quarters, Apple has recorded several small beats. These include -108.33% in February 26, 2025.

Shareholding & Insider Activity

Forward Air Corporation has 30.79 million shares outstanding. The public float is 21.58 million shares, elevated short interest at 16.07% of float. This equals 3.40 million shares. The short ratio is 6.52 days. Institutional investors hold 112.34% of the float. Insiders own 2.02%. Cetus Capital VI, L.P. holds 3.12 million shares, CAMPBELL BRUCE A has 76.99 thousand shares and Schmitt Thomas has 73.88 thousand shares.

Financial & Profitability Overview

Over the trailing twelve months, Forward Air generated $1.37B in revenue, or $52.71 per share. Gross margin was 6.44%, operating margin 6.44%, and net profit margin 0.82%. Returns are modest, with ROA at 0.37% and ROE at 1.48%.
On valuation metrics, Forward Air trades at a P/E of -2.81, P/S of 0.11 and P/B of 3.17. The current ratio is 1.23 and quick ratio is 1.23. Operationally, the company’s inventory turnover is 0.00 and cash conversion cycle is 32.38 days. Debt-to-equity is 26.55, supported by a cash flow-to-debt ratio of 0.03.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2023, Forward Air posted revenue of $1.37B, down slightly from $1.97B in the prior quarter. Gross profit was $88.21M (margin 6.44%). Operating income was $88.21M (margin 6.4%). Net income was$11.30M (EPS $0.44).
The company ended the quarter with $161.57M in cash and short-term investments, a total debt of $1.95B, and net debt of $1.78B. Total assets were $3.04B, with equity of $764.26M. Financials further reflected stability, with operating cash flow of $181.39M, free cash flow of $150.66M, and capital expenditures of - $30.73M.

Price Forecast & Outlook

Our AI price prediction model suggests that Forward Air Corporation stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -18.05%, with price expected at $6.81 by June 02, 2026, within a range of $1.62 to $11.72 3-Month Outlook: Projected rise of 830.93%, reaching $77.36 by August 14, 2026, with a range of $76.68 to $79.82. 1-Year Outlook: Projected loss of -73.77%, with price at $2.18 by May 19, 2027, within a range of $0.00 to $0.00.

Key Takeaways

Forward Air Corporation (NASDAQ:FWRD) shares are flat 8.24% year-to-date currently trading near 52-week highs band. Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows Forward Air Corporation trading at a premium to the broader market with a P/E of -2.81. Analyst sentiment is cautious, with the majority of ratings in Positive territory and a mean price target of $77.66, suggesting 834.54% upside. Our AI forecast model points to short-term weakness (-18.05% over two weeks), a medium-term rise (830.93% over three months), and a longer-term loss (-73.77% over one year), with expected trading ranges indicating moderate volatility.

Frequently Asked Questions

What is the current Forward Air Corporation (FWRD) stock price?

Forward Air Corporation (NASDAQ: FWRD) stock price is $8.31 in the last trading session. During the trading session, FWRD stock reached the peak price of $8.46 while $7.86 was the lowest point it dropped to. The percentage change in FWRD stock occurred in the recent session was -2.24% while the dollar amount for the price change in FWRD stock was - $0.19.

FWRD's industry and sector of operation?

The NASDAQ listed FWRD is part of Integrated Freight & Logistics industry that operates in the broader Industrials sector. Forward Air Corporation designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of FWRD?

Mr. Chris C. Ruble
Chief Operating Officer
Mr. Michael L. Hance
Chief Legal Officer & Sec.
Mr. Kyle R. Mitchin
Chief People Officer
Mr. Joseph Michael Tomasello
Chief Information Officer
Mr. Matthew J. Jewell
Consultant
Sandi Underwood
Assistant Corporation Sec.
Ms. Nancee Ronning
Chief Commercial Officer
Mr. Thomas Schmitt
Pres, Chief Executive Officer & Executive Chairman
Ms. Rebecca J. Garbrick
Chief Financial Officer & Treasurer

How FWRD did perform over past 52-week?

FWRD's closing price is 5.79% higher than its 52-week low of $7.86 where as its distance from 52-week high of $32.47 is -74.41%.

How many employees does FWRD have?

Number of FWRD employees currently stands at 6,319.

Link for FWRD official website?

Official Website of FWRD is: https://www.forwardaircorp.com

How do I contact FWRD?

FWRD could be contacted at phone 423 636 7000 and can also be accessed through its website. FWRD operates from Building N, Greeneville, TN 37745, United States.

How many shares of FWRD are traded daily?

FWRD stock volume for the day was 2.69M shares. The average number of FWRD shares traded daily for last 3 months was 1.13M.

What is the market cap of FWRD currently?

The market value of FWRD currently stands at $262.80M with its latest stock price at $8.31 and 31.63M of its shares outstanding.

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Employees	6319
Beta	1.34
Sales or Revenue	$1.37B
5Y Sales Change%	0.164%
Fiscal Year Ends	December
Sector	Industrials
Industry	Integrated Freight & Logistics

FWRD Company Profile and Key Details

Forward Air

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Earnings & Analyst Outlook

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Technical Performance

Company Overview

Earnings & Analyst Outlook

Dividend & Fair Value

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Valuation Metrics

Key Takeaways

Price Forecast & Outlook