After finishing at $32.04 in the prior trading day, Forward Air Corp. (NASDAQ: FWRD) closed at $31.78, down -0.81%. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 2182298 shares were traded.
Ratios:
Our goal is to gain a better understanding of FWRD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.13.
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 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. The Chief People Officer now owns 18,896 shares after completing the transaction at $68.63 per share. On Aug 22, 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 987.35M and an Enterprise Value of 1.27B. As of this moment, Forward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.95, and their Forward P/E ratio for the next fiscal year is 10.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 0.73 whereas that against EBITDA is 5.92.
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 $31.80. The 50-Day Moving Average of the stock is 50.21, while the 200-Day Moving Average is calculated to be 75.06.
Shares Statistics:
The stock has traded on average 645.82K shares per day over the past 3-months and 1.01M shares per day over the last 10 days, according to various share statistics. A total of 26.46M shares are outstanding, with a floating share count of 24.60M. Insiders hold about 4.14% of the company’s shares, while institutions hold 98.14% stake in the company. Shares short for FWRD as of Feb 15, 2024 were 1.99M with a Short Ratio of 3.08, compared to 907.57k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.45% and a Short% of Float of 8.52%.
Dividends & Splits
In the trailing 12 months, FWRD’s forward annual dividend rate was 0.96, compared to 0.72 this year. Against a Trailing Annual Dividend Yield of 3.00%, it implies a Forward Annual Dividend Yield of 2.99%. The stock’s 5-year Average Dividend Yield is 1.10. The current Payout Ratio is 15.00% 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
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.72 for the current quarter, with a high estimate of $0.92 and a low estimate of $0.19, while EPS last year was $1.37. The consensus estimate for the next quarter is $0.89, with high estimates of $1.18 and low estimates of $0.23.
Analysts are recommending an EPS of between $4.6 and $1 for the fiscal current year, implying an average EPS of $3.53. EPS for the following year is $4.11, with 6 analysts recommending between $5.4 and $2.4.
Revenue Estimates
5 analysts predict $402.03M in revenue for the current quarter. It ranges from a high estimate of $521.25M to a low estimate of $329M. As of the current estimate, Forward Air Corp.’s year-ago sales were $427.07M, an estimated decrease of -5.90% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $390.95M, a decrease of -13.70% less than the figure of -$5.90% in the same quarter last year. There is a high estimate of $435.4M for the next quarter, whereas the lowest estimate is $345M.
A total of 5 analysts have provided revenue estimates for FWRD’s current fiscal year. The highest revenue estimate was $1.76B, while the lowest revenue estimate was $1.41B, resulting in an average revenue estimate of $1.6B. In the same quarter a year ago, actual revenue was $1.37B, up 16.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.69B in the next fiscal year. The high estimate is $1.85B and the low estimate is $1.49B. The average revenue growth estimate for next year is up 5.60% from the average revenue estimate for this year.
