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Last $45.02 USD
Change Today +0.02 / 0.04%
Volume 216.3K
FWRD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

forward air corp (FWRD) Snapshot

Open
$44.88
Previous Close
$45.00
Day High
$45.39
Day Low
$44.69
52 Week High
03/20/15 - $57.65
52 Week Low
02/2/15 - $43.30
Market Cap
1.4B
Average Volume 10 Days
301.2K
EPS TTM
$2.00
Shares Outstanding
31.0M
EX-Date
08/20/15
P/E TM
22.5x
Dividend
$0.48
Dividend Yield
1.07%
Current Stock Chart for FORWARD AIR CORP (FWRD)

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forward air corp (FWRD) Details

Forward Air Corp. provides time-definite surface transportation and related logistics services to the North American deferred air freight market. The company ships electronics, telecommunications equipment, machine parts, trade show exhibit materials, and medical equipment. Its services include exclusive-use vehicles (truck brokerage); dedicated fleets; local pickup and delivery; warehousing; customs brokerage; and shipment consolidation, deconsolidation, and handling services. The company serves air freight forwarders, integrated air cargo carriers, and passenger and cargo airlines. As of Dec. 31, 2006, it operated through a network of 81 terminals located on or near airports in the U.S. and Canada, including a central sorting facility in Columbus, Ohio, and nine regional hubs. Forward Air was founded in 1981 and is headquartered in Greeneville, Tenn.

2,820 Employees
Last Reported Date: 02/20/15
Founded in 1981

forward air corp (FWRD) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $630.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $338.7K
Executive Vice President of Operations
Total Annual Compensation: $406.8K
Chief Strategy Officer and Executive Vice Pre...
Total Annual Compensation: $389.2K
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: $315.6K
Compensation as of Fiscal Year 2014.

forward air corp (FWRD) Key Developments

Forward Air Corporation Declares Quarterly Cash Dividend, Payable on September 8, 2015

Forward Air Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of common stock. The dividend is payable to shareholders of record at the close of business on August 24, 2015 and is expected to be paid on September 8, 2015.

Forward Air Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Forward Air Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, operating revenue increased 28.8% to $249.7 million from $193.9 million for the same quarter in 2014. Income from operations was $19.9 million, compared to $27.6 million in the prior-year quarter. Net income during the period was $11.8 million compared to $17.2 million in the second quarter of 2014. Net income per diluted share for the second quarter of 2015 was $0.38 compared to $0.55 in the prior-year quarter. Adjusted income from operations was $26.8 million, compared with $27.6 million in the prior-year quarter. Adjusted net income for the period was $16.0 million compared to $17.2 million in the prior year quarter. Adjusted income per diluted share was $0.51 compared to $0.55 a year ago. Income before income taxes was $19,249,000 compared to $27,606,000 a year ago. Net cash provided by operating activities was $11,103,000 compared to $19,183,000 a year ago. Purchases of property and equipment were $41,000 compared to $383,000 for the last year. For the six months, operating revenue increased 24.7% to $455.6 million from $365.4 million for the same period in 2014. Income from operations was $28.2 million, compared with $43.9 million in the prior-year period. Net income during the period was $16.7 million compared to $27.4 million in the prior-year period. Income per diluted share was $0.53 compared with $0.87 in the prior-year period. Adjusted income from operations was $46.9 million, compared with $44.8 million for the same period of 2014. Adjusted net income for the period was $28.1 million compared to $28.0 million in 2014. Adjusted income per diluted share was $0.90 compared to $0.89 a year ago. Income before income taxes was $27,085,000 compared to $43,881,000 a year ago. Net cash provided by operating activities was $18,562,000 compared to $39,215,000 a year ago. Purchases of property and equipment were $11,962,000 compared to $33,420,000 for the last year. The company anticipates third quarter 2015 revenues to increase in the range of 23% to 27% over the comparable 2014 period. Without regard to additional costs of integration it expects income per diluted share to be between $0.58 and $0.62 per share. This compares to $0.54 per share in the third quarter of 2014. For 2015, primarily due to the slower than anticipated integration of Towne Air, the company is reducing full year 2015 earnings guidance to a range of $2.15 to $2.25 per share.

Forward Air Corp. to Report Q2, 2015 Results on Jul 21, 2015

Forward Air Corp. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 21, 2015

 

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Industry Analysis

FWRD

Industry Average

Valuation FWRD Industry Range
Price/Earnings 27.9x
Price/Sales 1.6x
Price/Book 2.8x
Price/Cash Flow 16.4x
TEV/Sales 1.4x
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