Forward Air Corp. (NASDAQ: FWRD) closed the day trading at $26.60 down -5.03% from the previous closing price of $28.01. In other words, the price has decreased by -$1.41 from its previous closing price. On the day, 1303579 shares were traded.
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 4.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.53. 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 819.36M and an Enterprise Value of 2.64B. As of this moment, Forward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.13, and their Forward P/E ratio for the next fiscal year is 10.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 1.93 whereas that against EBITDA is 18.15.
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 $27.59. The 50-Day Moving Average of the stock is 42.65, while the 200-Day Moving Average is calculated to be 71.33.
Shares Statistics:
Over the past 3-months, FWRD traded about 847.83K shares per day on average, while over the past 10 days, FWRD traded about 1.59M shares per day. A total of 25.67M shares are outstanding, with a floating share count of 24.60M. Insiders hold about 4.14% of the company’s shares, while institutions hold 98.30% stake in the company. Shares short for FWRD as of Feb 29, 2024 were 2.18M with a Short Ratio of 2.57, compared to 1.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.09% and a Short% of Float of 9.36%.
Dividends & Splits
FWRD’s forward annual dividend rate is 0.72, up from 0.96 a year ago. Against a Trailing Annual Dividend Yield of 3.43%, it implies a Forward Annual Dividend Yield of 3.61%. The stock’s 5-year Average Dividend Yield is 1.10. 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
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of $0.19 and a low estimate of -$0.32, while EPS last year was $1.37. The consensus estimate for the next quarter is $0.13, 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 $0.6. EPS for the following year is $1.82, with 5 analysts recommending between $2.5 and $1.25.
Revenue Estimates
3 analysts predict $603.08M 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 41.20% 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.
