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Last $53.27 USD
Change Today +0.40 / 0.76%
Volume 182.4K
FWRD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

forward air corp (FWRD) Snapshot

Open
$53.02
Previous Close
$52.87
Day High
$53.61
Day Low
$52.64
52 Week High
03/20/15 - $57.65
52 Week Low
05/20/14 - $42.09
Market Cap
1.6B
Average Volume 10 Days
217.6K
EPS TTM
$2.05
Shares Outstanding
31.0M
EX-Date
03/10/15
P/E TM
26.0x
Dividend
$0.48
Dividend Yield
0.90%
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 Announces Unaudited Consolidated Earnings and operating Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Forward Air Corporation announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, operating revenue increased 20.0% to $205.9 million from $171.6 million for the same quarter in 2014. Income from operations was $8.3 million, compared to $16.3 million in the prior-year quarter. Net income was $4.8 million compared to $10.2 million in the first quarter of 2014. Net income per basic and diluted share was $0.16 compared to $0.33 in the prior-year quarter. Included in the first quarter 2015 are approximately $11.8 million in one-time deal and integration costs associated with the acquisition of Towne Air. The company’s prior year results include approximately $0.9 million of deal costs associated with the purchase of Central States Trucking. Adjusted income from operations was $20.1 million, compared with $17.2 million in the prior-year quarter. Adjusted net income for the period was $12.1 million compared to $10.8 million in the prior year quarter. Adjusted income per diluted share was $0.40 compared to $0.35 a year ago. Income before income taxes was $7.837 million against $16.275 million a year ago. Net cash provided by operating activities was $7.459 million against $20.032 million a year ago. Purchases of property and equipment were $5.229 million against $19.548 million a year ago. Adjusted income from operations was $17.2 million. Net CapEx for the quarter was only $4.7 million. For the quarter, the company announced total airport-to-airport yield of $21.95 compared to $22.13 a year ago. Total miles were 11,975 compared to 11,050 a year ago. Revenue per mile was $1.94 compared to $1.58 a year ago. The company anticipates that for the second quarter of 2015, revenues will increase in the range of 27% to 31% over the comparable 2014 period. Without regard to additional costs of integration the company expects income per diluted share to be between $0.59 and $0.63 per share. This compares to $0.55 per share in the second quarter of 2014. The company expects second quarter of 2014 tax rate to be consistent with the first quarter of 2015 at 38.3%.

Forward Air Corp. to Report Q1, 2015 Results on Apr 21, 2015

Forward Air Corp. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 21, 2015

Forward Air Corp., Q1 2015 Earnings Call, Apr 22, 2015

Forward Air Corp., Q1 2015 Earnings Call, Apr 22, 2015

 

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Industry Analysis

FWRD

Industry Average

Valuation FWRD Industry Range
Price/Earnings 29.8x
Price/Sales 2.0x
Price/Book 3.4x
Price/Cash Flow 18.6x
TEV/Sales 1.8x
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