Profile
Sector:
IndustrialsIndustry:
Integrated Freight & LogisticsCountry:
United StatesIPO:
16 November 1993Website:
http://www.forwardaircorp.comNext earnings report:
02 August 2024Last dividends:
21 November 2023Next dividends:
N/APrice
after hours | Wed, 26 Jun 2024 21:32:43 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
FWRD Latest News
Forward Air reported disappointing quarterly results, confirming investor fears about a questionable acquisition from earlier in the year. Both activists and new management are now racing to turn the company around.
The stock price of Forward Air (NASDAQ: FWRD), an asset-light freight and logistics company with operations in the United States and Canada, trades at $15 per share, about 90% below its peak level of $125 seen in January 2022. FWRD stock was trading at $92 in early June 2022, just before the Fed started increasing rates, and is now 84% below that level, compared to a substantial 40% gain for the S&P 500 during this period.
Irenic Capital Management has a position of nearly 5%, making it one of the trucking company's top shareholders.
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (“Forward” or the “Company”) today announced the appointment of Jamie G. Pierson as interim Chief Financial Officer effective May 20, 2024. Mr. Pierson succeeds Rebecca Garbrick, who is departing the Company. Ms. Garbrick will remain with the Company to assist with the transition. “On behalf of the Board of Directors, I want to thank Rebecca for her commitment and significant contributions over the last several years. S.
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today announced the filing of its definitive proxy statement with the Securities and Exchange Commission (“SEC”) on May 20, 2024 in preparation for its upcoming annual shareholder meeting, which will be held on June 3, 2024 for shareholders as of the March 25, 2024 record date. Forward is dedicated to fostering a culture of continuous improvement, transparency and accountability as t.
Forward Air (FWRD) lacks the necessary ingredients for a potential earnings beat in its upcoming report. Be ready with the key expectations.
Goldman Sachs BDC (NYSE:GSBD) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET
Although the revenue and EPS for Forward Air (FWRD) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Forward Air (FWRD) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.65 per share a year ago.
Forward Air Corp. has acquired Omni Logistics, leading to concerns about debt and loss of ownership control for shareholders. The company's growth has declined due to supply chain issues and reduced consumer spending. Forward Air is positioned well in the LTL industry and has potential for long-term growth if the merger is successful.
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What type of business is Forward Air?
Forward Air Corporation is a large transportation company that, along with its subsidiaries, specializes in the transportation of lightweight freight and logistics in the United States and Canada. The company was founded in 1981 and is headquartered in Greenville, Tennessee. The company operates in three segments: - The expedited freight segment provides services for expedited regional, interregional, and national freight transportation, as well as local pick-up and delivery services. - The intermodal segment offers services for transporting high-value intermodal containers to seaports and railway stations. - The Pool Distribution segment provides high-frequency handling and distribution of time-sensitive products to numerous destinations across the Mid-Atlantic, Southeast, Midwest, and Southwest regions of the United States.
What sector is Forward Air in?
Forward Air is in the Industrials sector
What industry is Forward Air in?
Forward Air is in the Integrated Freight & Logistics industry
What country is Forward Air from?
Forward Air is headquartered in United States
When did Forward Air go public?
Forward Air initial public offering (IPO) was on 16 November 1993
What is Forward Air website?
https://www.forwardaircorp.com
Is Forward Air in the S&P 500?
No, Forward Air is not included in the S&P 500 index
Is Forward Air in the NASDAQ 100?
No, Forward Air is not included in the NASDAQ 100 index
Is Forward Air in the Dow Jones?
No, Forward Air is not included in the Dow Jones index
When does Forward Air report earnings?
The next expected earnings date for Forward Air is 02 August 2024