As of close of business last night, Forward Air Corp.’s stock clocked out at $29.28, up 3.90% from its previous closing price of $28.18. In other words, the price has increased by $+1.10 from its previous closing price. On the day, 584918 shares were traded.
Ratios:
To gain a deeper understanding of FWRD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.99. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 772.12M and an Enterprise Value of 2.60B. As of this moment, Forward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 76.09, and their Forward P/E ratio for the next fiscal year is 14.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 1.89 whereas that against EBITDA is 17.83.
Stock Price History:
Over the past 52 weeks, FWRD has reached a high of $121.38, while it has fallen to a 52-week low of $26.35. The 50-Day Moving Average of the stock is 35.28, while the 200-Day Moving Average is calculated to be 66.17.
Shares Statistics:
It appears that FWRD traded 990.94K shares on average per day over the past three months and 854.87k shares per day over the past ten days. 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 98.16% stake in the company. Shares short for FWRD as of Mar 15, 2024 were 3.34M with a Short Ratio of 3.37, compared to 1.99M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.65% and a Short% of Float of 17.67%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.96, FWRD has a forward annual dividend rate of 0.72. Against a Trailing Annual Dividend Yield of 3.41%, it implies a Forward Annual Dividend Yield of 3.28%. 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 Dec 07, 2023 with an ex-dividend date of Nov 21, 2023. Stock splits for the company last occurred on Apr 04, 2005 when the company split stock in a 3:2 ratio.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.09 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 $0.1, 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 $0.48. EPS for the following year is $1.62, with 5 analysts recommending between $2.5 and $1.25.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $603.08M. 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 41.20% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $699.98M, an increase of 54.60% over than the figure of $41.20% 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 3 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 $2.74B. In the same quarter a year ago, actual revenue was $1.37B, up 99.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $3.04B 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 10.90% from the average revenue estimate for this year.
