Last $47.14 USD
Change Today -0.56 / -1.17%
Volume 270.5K
FWRD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

forward air corporation (FWRD) Snapshot

Open
$46.81
Previous Close
$47.70
Day High
$48.16
Day Low
$45.87
52 Week High
07/3/14 - $48.93
52 Week Low
08/19/13 - $36.05
Market Cap
1.5B
Average Volume 10 Days
127.6K
EPS TTM
$1.84
Shares Outstanding
31.2M
EX-Date
08/19/14
P/E TM
25.6x
Dividend
$0.48
Dividend Yield
0.93%
Current Stock Chart for FORWARD AIR CORPORATION (FWRD)

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forward air corporation (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.

2,371 Employees
Last Reported Date: 02/19/14
Founded in 1981

forward air corporation (FWRD) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $600.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $324.0K
Executive Vice President of Operations
Total Annual Compensation: $391.0K
Chief Strategy Officer and Executive Vice Pre...
Total Annual Compensation: $324.0K
Senior Vice President of Sales
Total Annual Compensation: $279.0K
Compensation as of Fiscal Year 2013.

forward air corporation (FWRD) Key Developments

Forward Air Corp. Declares Quarterly Cash Dividend, Payable on September 5, 2014; Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter 2014

On July 22, 2014, the Board of Directors of Forward Air Corp. 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 21, 2014, and is expected to be paid on September 5, 2014. The company reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s operating revenue increased 21.3% to $193.9 million from $159.8 million for the same quarter in 2013. Income from operations was $27.6 million, compared with $22.5 million in the prior-year quarter. Net income and comprehensive income during the period was $17.2 million compared to $13.8 million in the prior-year quarter. Income per diluted share for the second quarter of 2014 was $0.55 compared with $0.45 in the prior-year quarter. The company reported income before income taxes of $27.6 million compared to $22.4 million, net cash provided by operating activities of $19.2 million compared to $16.6 million and purchases of property and equipment of $13.9 million compared to $15.8 million for the last year. For the six months, operating revenue increased 21.2% to $365.4 million from $301.4 million for the same period in 2013. Income from operations was $43.9 million, compared with $38.3 million in the prior-year period. Net income and comprehensive income during the period was $27.4 million compared to $24.7 million in the prior-year period. Income per diluted share was $0.87 compared with $0.81 in the prior-year period. The company reported income before income taxes of $43.9 million compared to $38.3 million, net cash provided by operating activities of $39.2 million compared to $37.3 million and purchases of property and equipment of $33.4 million compared to $28.0 million for the last year. The company anticipated that third quarter 2014 revenues will increase in the range of 18% to 22% over the comparable 2013 period. The company expects income per diluted share to be between $0.57 and $0.61 per share. This compares to $0.46 per share in the third quarter of 2013.

Forward Air Corp. to Report Q2, 2014 Results on Jul 22, 2014

Forward Air Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 22, 2014

Forward Air Corp., Q2 2014 Earnings Call, Jul 23, 2014

Forward Air Corp., Q2 2014 Earnings Call, Jul 23, 2014

 

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FWRD

Industry Average

Valuation FWRD Industry Range
Price/Earnings 27.5x
Price/Sales 2.1x
Price/Book 3.3x
Price/Cash Flow 18.8x
TEV/Sales 2.1x
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