Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Forward Air Corp. (NASDAQ: FWRD) closed the day trading at $23.55 down -0.97% from the previous closing price of $23.78. In other words, the price has decreased by $-0.97 from its previous closing price. On the day, 0.8 million shares were traded. FWRD stock price reached its highest trading level at $24.19 during the session, while it also had its lowest trading level at $23.18.
Ratios:
For a better understanding of FWRD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.01. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 2.55 whereas as Long-Term Debt/Eq ratio is at 2.47.
On August 29, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also lowered its target price recommendation from $110 to $85.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 25 ’23 when RUBLE CHRIS C bought 1,433 shares for $69.77 per share. The transaction valued at 99,992 led to the insider holds 28,276 shares of the business.
MITCHIN KYLE R bought 1,093 shares of FWRD for $75,013 on Aug 25 ’23. The Chief People Officer now owns 18,896 shares after completing the transaction at $68.63 per share. On Aug 22 ’23, another insider, Ronning Nancee L, who serves as the Chief Commercial Officer of the company, bought 315 shares for $64.65 each. As a result, the insider paid 20,365 and bolstered with 3,045 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FWRD now has a Market Capitalization of 621022912 and an Enterprise Value of 2444876288. As of this moment, Forward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 61.20, and their Forward P/E ratio for the next fiscal year is 11.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.784 whereas that against EBITDA is 12.212.
Stock Price History:
The Beta on a monthly basis for FWRD is 1.05, which has changed by -0.7791014 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, FWRD has reached a high of $121.38, while it has fallen to a 52-week low of $22.08. The 50-Day Moving Average of the stock is -26.14%, while the 200-Day Moving Average is calculated to be -62.41%.
Shares Statistics:
Over the past 3-months, FWRD traded about 991.53K shares per day on average, while over the past 10 days, FWRD traded about 843570 shares per day. A total of 25.67M shares are outstanding, with a floating share count of 23.76M. Insiders hold about 7.41% of the company’s shares, while institutions hold 98.12% stake in the company. Shares short for FWRD as of 1711584000 were 3704123 with a Short Ratio of 3.74, compared to 1709164800 on 2182244. Therefore, it implies a Short% of Shares Outstanding of 3704123 and a Short% of Float of 19.620001000000002.
Dividends & Splits
FWRD’s forward annual dividend rate is 0.72, up from 0.96 a year ago. The stock’s 5-year Average Dividend Yield is 1.13. The current Payout Ratio is 220.89% for FWRD, which recently paid a dividend on 2023-11-21 with an ex-dividend date of 1700524800. Stock splits for the company last occurred on 2005-04-04 when the company split stock in a 3:2 ratio.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 6 analysts currently analyzing and rating the stock of Forward Air Corp. (FWRD).On average, analysts expect EPS of $-0.11 for the current quarter, with a high estimate of $0.04 and a low estimate of $-0.32, while EPS last year was $1.37. The consensus estimate for the next quarter is $0.11, with high estimates of $0.33 and low estimates of $-0.34.
Analysts are recommending an EPS of between $1.2 and $-0.65 for the fiscal current year, implying an average EPS of $0.53. EPS for the following year is $1.51, with 6 analysts recommending between $2.5 and $1.
Revenue Estimates
4 analysts predict $604.01M in revenue for the current quarter. It ranges from a high estimate of $696.5M to a low estimate of $521.25M. As of the current estimate, Forward Air Corp.’s year-ago sales were $427.07M, an estimated increase of 41.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $698.29M, an increase of 54.20% over than the figure of $41.40% in the same quarter last year. There is a high estimate of $746.6M for the next quarter, whereas the lowest estimate is $654.55M.
A total of 4 analysts have provided revenue estimates for FWRD’s current fiscal year. The highest revenue estimate was $2.83B, while the lowest revenue estimate was $2.58B, resulting in an average revenue estimate of $2.75B. In the same quarter a year ago, actual revenue was $1.37B, up 100.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $3.03B in the next fiscal year. The high estimate is $3.07B and the low estimate is $2.99B. The average revenue growth estimate for next year is up 10.10% from the average revenue estimate for this year.
