Forward Air Corporation (FWRD)Industrials | Integrated Freight & Logistics | Dallas, United States | NasdaqGS
23.11 USD
+23.11
(4.193%)
⇧
(April 20, 2026, 4 p.m.
EDT)
Short-term: ★★★★☆ | Long-term: ★☆☆☆☆ | Dividends: ★★☆☆☆ |
Hot Take | April 18, 2026, 11:19 p.m. EDT
FWRD presents a classic 'momentum vs. reality' trap: it is a short-term winner due to a recent ~38% price recovery from March lows, yet remains a long-term value trap. The stock recently reported a deep net loss and revenue decline, resulting in a forward PE of 76x on a positive EPS and a trailing PE of -infinity. While the technical break above the 20-day moving average provides a near-term bullish flag, the fundamental P/T-B of 6x and high leverage (short ratio 5.65) combined with deep ITM put protection suggest a high probability of volatility-induced euphoria or a return to the 13.61 lows unless a turnaround in earnings is materialized before the 75-day FEDex (Long-Term Investors Dividend) date. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.252832 |
| MSTL | 0.265373 |
| AutoETS | 0.272473 |
| AutoARIMA | 0.273939 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 41% |
| H-stat | 67.56 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.093 |
| Excess Kurtosis | -1.59 |
| Attribute | Value |
|---|---|
| Sector | Industrials |
| Ex Dividend Date | 2023-11-20 |
| Last Dividend Date | 2023-11-20 |
| Debt to Equity Ratio | 1335.899 |
| Revenue per Share | 81.227 |
| Market Cap | 729,218,624 |
| Forward P/E | 79.69 |
| Beta | 1.47 |
| Profit Margins | -4.32% |
| Website | https://www.forwardair.com |
As of April 18, 2026, 11:19 p.m. EDT: Options positioning indicates a distinct focus on downside protection, characterized by the highest Open Interest (OI) at the short-strike 15.0 (13 lots) for May expirations and significant new volume (103 lots) at the 17.5 strike. While there is a noticeable pivot to upside growth at the 30.0 strikes for further out dates, the dominant current sentiment is hedging against a drop toward recent lows. This asymmetry suggests speculators fear further earnings-related discounting despite the technical upward move.
| Date | Dividend | Yield % |
|---|---|---|
| 2023-11-21 | 0.240000 | 0.369743 |
| 2023-08-16 | 0.240000 | 0.374620 |
| 2023-05-24 | 0.240000 | 0.254037 |
| 2023-03-01 | 0.240000 | 0.232880 |
| 2022-11-22 | 0.240000 | 0.222110 |
| 2022-08-17 | 0.240000 | 0.227995 |
| 2022-05-25 | 0.240000 | 0.263464 |
| 2022-03-02 | 0.240000 | 0.237452 |
| 2021-11-23 | 0.210000 | 0.203351 |
| 2021-08-19 | 0.210000 | 0.249819 |
| 2021-05-26 | 0.210000 | 0.225524 |
| 2021-03-03 | 0.210000 | 0.243376 |
| 2020-11-24 | 0.210000 | 0.278696 |
| 2020-08-19 | 0.180000 | 0.319455 |
| 2020-05-21 | 0.180000 | 0.409535 |
| 2020-03-04 | 0.180000 | 0.315579 |
| 2019-11-20 | 0.180000 | 0.269756 |
| 2019-08-21 | 0.180000 | 0.307170 |
| 2019-05-23 | 0.180000 | 0.326391 |
| 2019-03-06 | 0.180000 | 0.307422 |
| 2018-11-21 | 0.180000 | 0.304953 |
| 2018-08-22 | 0.150000 | 0.248459 |
| 2018-05-24 | 0.150000 | 0.267303 |
| 2018-03-07 | 0.150000 | 0.294471 |
| 2017-11-21 | 0.150000 | 0.291211 |
| 2017-08-23 | 0.150000 | 0.317722 |
| 2017-05-23 | 0.150000 | 0.322039 |
| 2017-03-07 | 0.150000 | 0.339790 |
| 2016-11-21 | 0.150000 | 0.334792 |
| 2016-08-18 | 0.120000 | 0.283606 |
| 2016-05-26 | 0.120000 | 0.290173 |
| 2016-03-08 | 0.120000 | 0.317753 |
| 2015-11-19 | 0.120000 | 0.274433 |
| 2015-08-20 | 0.120000 | 0.279223 |
| 2015-05-22 | 0.120000 | 0.248597 |
| 2015-03-10 | 0.120000 | 0.249953 |
| 2014-11-19 | 0.120000 | 0.277462 |
| 2014-08-19 | 0.120000 | 0.281931 |
| 2014-05-21 | 0.120000 | 0.311874 |
| 2014-03-06 | 0.120000 | 0.298147 |
| 2013-11-20 | 0.100000 | 0.266144 |
| 2013-08-21 | 0.100000 | 0.304677 |
| 2013-05-21 | 0.100000 | 0.286076 |
| 2013-03-06 | 0.100000 | 0.296896 |
| 2012-11-20 | 0.100000 | 0.356337 |
| 2012-08-21 | 0.100000 | 0.335581 |
| 2012-05-21 | 0.070000 | 0.251506 |
| 2012-03-06 | 0.070000 | 0.236975 |
| 2011-11-22 | 0.070000 | 0.263554 |
| 2011-08-22 | 0.070000 | 0.328096 |
| 2011-05-19 | 0.070000 | 0.236365 |
| 2011-03-09 | 0.070000 | 0.272322 |
| 2010-11-18 | 0.070000 | 0.294018 |
| 2010-08-23 | 0.070000 | 0.319053 |
| 2010-05-24 | 0.070000 | 0.304952 |
| 2010-03-08 | 0.070000 | 0.313659 |
| 2009-11-18 | 0.070000 | 0.342058 |
| 2009-08-25 | 0.070000 | 0.339069 |
| 2009-05-20 | 0.070000 | 0.395880 |
| 2009-03-09 | 0.070000 | 0.590179 |
| 2008-11-19 | 0.070000 | 0.432049 |
| 2008-08-20 | 0.070000 | 0.233653 |
| 2008-05-21 | 0.070000 | 0.245692 |
| 2008-03-10 | 0.070000 | 0.268739 |
| 2007-11-28 | 0.070000 | 0.249242 |
| 2007-08-28 | 0.070000 | 0.250222 |
| 2007-05-23 | 0.070000 | 0.248403 |
| 2007-03-13 | 0.070000 | 0.271851 |
| 2006-11-21 | 0.070000 | 0.243305 |
| 2006-08-23 | 0.070000 | 0.268647 |
| 2006-05-24 | 0.070000 | 0.232459 |
| 2006-03-15 | 0.070000 | 0.231313 |
| 2005-11-30 | 0.060000 | 0.188577 |
| 2005-08-17 | 0.060000 | 0.212029 |
| 2005-05-18 | 0.060000 | 0.282516 |
| 2005-03-31 | 0.040000 | 0.171266 |
| 1998-09-24 | 1.611111 | 55.151256 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.5055375 |
| Address1 | 3,200 Olympus Boulevard |
| Address2 | Suite 300 |
| All Time High | 125.71 |
| All Time Low | 1.444444 |
| Ask | 28.39 |
| Ask Size | 2 |
| Audit Risk | 10 |
| Average Analyst Rating | 2.0 - Buy |
| Average Daily Volume10 Day | 551,070 |
| Average Daily Volume3 Month | 669,809 |
| Average Volume | 669,809 |
| Average Volume10Days | 551,070 |
| Beta | 1.467 |
| Bid | 16.74 |
| Bid Size | 2 |
| Board Risk | 5 |
| Book Value | 3.618 |
| City | Dallas |
| Compensation As Of Epoch Date | 1,735,603,200 |
| Compensation Risk | 4 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 23.11 |
| Current Ratio | 1.216 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 23.42 |
| Day Low | 21.96 |
| Debt To Equity | 1,335.899 |
| Display Name | Forward Air |
| Dividend Date | 1,701,907,200 |
| Earnings Call Timestamp End | 1,771,882,200 |
| Earnings Call Timestamp Start | 1,771,882,200 |
| Earnings Timestamp | 1,771,880,400 |
| Earnings Timestamp End | 1,778,097,600 |
| Earnings Timestamp Start | 1,778,097,600 |
| Ebitda | 240,300,000 |
| Ebitda Margins | 0.09631 |
| Enterprise To Ebitda | 11.782 |
| Enterprise To Revenue | 1.135 |
| Enterprise Value | 2,831,209,728 |
| Eps Current Year | -0.68167 |
| Eps Forward | 0.29 |
| Eps Trailing Twelve Months | -3.51 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,700,524,800 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 21.4184 |
| Fifty Day Average Change | 1.6916008 |
| Fifty Day Average Change Percent | 0.07897886 |
| Fifty Two Week Change Percent | 50.55375 |
| Fifty Two Week High | 32.47 |
| Fifty Two Week High Change | -9.360001 |
| Fifty Two Week High Change Percent | -0.2882661 |
| Fifty Two Week Low | 13.61 |
| Fifty Two Week Low Change | 9.500001 |
| Fifty Two Week Low Change Percent | 0.6980162 |
| Fifty Two Week Range | 13.61 - 32.47 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 753,460,200,000 |
| Five Year Avg Dividend Yield | 1.26 |
| Float Shares | 22,654,686 |
| Forward Eps | 0.29 |
| Forward P E | 79.68966 |
| Free Cashflow | 66,081,876 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 6,062 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.19670999 |
| Gross Profits | 490,815,008 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.02303 |
| Held Percent Institutions | 1.01578 |
| Implied Shares Outstanding | 31,554,245 |
| Industry | Integrated Freight & Logistics |
| Industry Disp | Integrated Freight & Logistics |
| Industry Key | integrated-freight-logistics |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,700,524,800 |
| Last Dividend Value | 0.24 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,112,572,800 |
| Last Split Factor | 3:2 |
| Long Business Summary | Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was incorporated in 1981 and is headquartered in Dallas, Texas. |
| Long Name | Forward Air Corporation |
| Market | us_market |
| Market Cap | 729,218,624 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_333309 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | -107,796,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 729,218,601 |
| Number Of Analyst Opinions | 3 |
| Open | 22.18 |
| Operating Cashflow | 44,384,000 |
| Operating Margins | 0.03587 |
| Overall Risk | 4 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.65 |
| Phone | 817 552 5270 |
| Pre Market Change | 0.010000229 |
| Pre Market Change Percent | 0.0432723 |
| Pre Market Price | 23.12 |
| Pre Market Time | 1,776,759,096 |
| Previous Close | 0.0 |
| Price Eps Current Year | -33.902035 |
| Price Hint | 2 |
| Price To Book | 6.387507 |
| Price To Sales Trailing12 Months | 0.29225817 |
| Profit Margins | -0.0432 |
| Quick Ratio | 1.064 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.0 |
| Region | US |
| Regular Market Change | 23.11 |
| Regular Market Change Percent | 4.19297 |
| Regular Market Day High | 23.42 |
| Regular Market Day Low | 21.96 |
| Regular Market Day Range | 21.96 - 23.42 |
| Regular Market Open | 22.18 |
| Regular Market Previous Close | 0.0 |
| Regular Market Price | 23.11 |
| Regular Market Time | 1,776,715,201 |
| Regular Market Volume | 672,227 |
| Return On Assets | 0.01985 |
| Return On Equity | -0.63335997 |
| Revenue Growth | -0.003 |
| Revenue Per Share | 81.227 |
| Sand P52 Week Change | 0.34445214 |
| Sector | Industrials |
| Sector Disp | Industrials |
| Sector Key | industrials |
| Share Holder Rights Risk | 3 |
| Shares Outstanding | 31,554,245 |
| Shares Percent Shares Out | 0.14479999 |
| Shares Short | 4,567,707 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 4,258,997 |
| Short Name | Forward Air Corporation |
| Short Percent Of Float | 0.2047 |
| Short Ratio | 5.65 |
| Source Interval | 15 |
| State | TX |
| Symbol | FWRD |
| Target High Price | 42.0 |
| Target Low Price | 30.0 |
| Target Mean Price | 35.0 |
| Target Median Price | 33.0 |
| Total Cash | 105,996,000 |
| Total Cash Per Share | 3.359 |
| Total Debt | 2,159,666,944 |
| Total Revenue | 2,495,118,080 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | NaN |
| Trailing Eps | -3.51 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 24.82385 |
| Two Hundred Day Average Change | -1.71385 |
| Two Hundred Day Average Change Percent | -0.069040455 |
| Type Disp | Equity |
| Volume | 672,227 |
| Website | https://www.forwardair.com |
| Zip | 75,019 |