The price of Forward Air Corp. (NASDAQ: FWRD) closed at $30.04 in the last session, down -1.22% from day before closing price of $30.41. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 770014 shares were traded.
Ratios:
We take a closer look at FWRD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.12. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 936.54M and an Enterprise Value of 2.76B. As of this moment, Forward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.68, and their Forward P/E ratio for the next fiscal year is 11.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 2.01 whereas that against EBITDA is 18.96.
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 $29.53. The 50-Day Moving Average of the stock is 46.11, while the 200-Day Moving Average is calculated to be 73.05.
Shares Statistics:
According to the various share statistics, FWRD traded on average about 740.85K shares per day over the past 3-months and 1.3M shares per day over the past 10 days. 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 98.30% stake in the company. Shares short for FWRD as of Feb 15, 2024 were 1.99M with a Short Ratio of 2.68, 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
The forward annual dividend rate for FWRD is 0.72, which was 0.96 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.16%, it implies a Forward Annual Dividend Yield of 3.19%. 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
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.62 for the current quarter, with a high estimate of $0.8 and a low estimate of $0.19, while EPS last year was $1.37. The consensus estimate for the next quarter is $0.74, with high estimates of $1 and low estimates of $0.23.
Analysts are recommending an EPS of between $3.76 and $1 for the fiscal current year, implying an average EPS of $2.93. EPS for the following year is $3.01, with 5 analysts recommending between $4.68 and $1.29.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $386.14M. It ranges from a high estimate of $521.25M to a low estimate of $333.4M. As of the current estimate, Forward Air Corp.’s year-ago sales were $427.07M, an estimated decrease of -9.60% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $355.37M, a decrease of -21.50% less than the figure of -$9.60% in the same quarter last year. There is a high estimate of $355.7M for the next quarter, whereas the lowest estimate is $355M.
A total of 4 analysts have provided revenue estimates for FWRD’s current fiscal year. The highest revenue estimate was $1.67B, while the lowest revenue estimate was $1.42B, resulting in an average revenue estimate of $1.49B. In the same quarter a year ago, actual revenue was $1.37B, up 8.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.57B in the next fiscal year. The high estimate is $1.75B and the low estimate is $1.49B. The average revenue growth estimate for next year is up 5.10% from the average revenue estimate for this year.
