Last $50.52 USD
Change Today +0.18 / 0.36%
Volume 72.6K
FWRD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

forward air corp (FWRD) Snapshot

Open
$50.51
Previous Close
$50.34
Day High
$50.75
Day Low
$50.38
52 Week High
12/24/14 - $50.84
52 Week Low
02/11/14 - $41.36
Market Cap
1.5B
Average Volume 10 Days
175.2K
EPS TTM
$1.92
Shares Outstanding
30.5M
EX-Date
11/19/14
P/E TM
26.3x
Dividend
$0.48
Dividend Yield
0.95%
Current Stock Chart for FORWARD AIR CORP (FWRD)

Related News

No related news articles were found.

forward air corp (FWRD) Related Businessweek News

No Related Businessweek News Found

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.

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

forward air corp (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 corp (FWRD) Key Developments

Forward Air Corporation Announces Election of Ronald W. Allen as New Independent Director

Forward Air Corporation has elected Ronald W. Allen as a non-management director of its Board of Directors. The company's Board now consists of nine members, eight of whom are non-management directors. Mr. Allen previously served as a director of Forward Air from 2011 to 2013. Mr. Allen retired as the Chief Executive Officer of Aaron's Inc., in September 2014. He served as the Chairman of Aaron's Inc.'s Board of Directors and as Aaron's Inc.'s President and Chief Executive Officer from November 2012 until April 2014.

Forward Air Corp. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Declares Quarterly Cash Dividend, Payable on December 8, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Forward Air Corp. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s operating revenue was $201.477 million compared to $170.033 million a year ago. Income from operations was $26.906 million, compared with $22.857 million a year ago. Income before income taxes was $26.679 million compared to $22.739 million a year ago. Net income and comprehensive income was $16.744 million or $0.54 per diluted share compared to $14.197 million or $0.46 per diluted share in the prior-year quarter. Net cash provided by operating activities was $25.878 million compared to $23.237 million a year ago. Purchases of property and equipment were $3.681 million compared to $5.272 million a year ago. For the nine months, the company’s operating revenue was $566.897 million compared to $471.396 million a year ago. Income from operations was $70.771 million, compared with $61.152 million a year ago. Income before income taxes was $70.560 million compared to $60.823 million a year ago. Net income and comprehensive income was $44.123 million or $1.41 per diluted share compared to $38.882 million or $1.27 per diluted share in the prior-year quarter. Net cash provided by operating activities was $65.093 million compared to $60.487 million a year ago. Purchases of property and equipment were $37.101 million compared to $33.266 million a year ago. For the quarter, the company announced total airport-to-airport yield of $22.98 compared to $21.90 a year ago. Total miles were 11,286 compared to 12,730 a year ago. Revenue per mile was $1.77 compared to $1.50 a year ago. For the nine months, the company announced total airport-to-airport yield of $22.66 compared to $21.90 a year ago. Total miles were 33,835 compared to 37,062 a year ago. Revenue per mile was $1.67 compared to $1.49 a year ago. The company anticipated that fourth 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 $0.60 and $0.66 per share. This compares to $0.50 per share in the fourth quarter of 2013. The company expects tax rate to be approximately 38%. Net CapEx for the quarter was $2.5 million, and essentially completed CapEx spending related to 2014 CapEx budget. On October 23, 2014, the Board of Directors of company 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 November 21, 2014, and is expected to be paid on December 8, 2014.

Forward Air Corp. to Report Q3, 2014 Results on Oct 23, 2014

Forward Air Corp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 23, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FWRD:US $50.52 USD +0.18

FWRD Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for FWRD.
View Industry Companies
 

Industry Analysis

FWRD

Industry Average

Valuation FWRD Industry Range
Price/Earnings 26.4x
Price/Sales 2.1x
Price/Book 3.4x
Price/Cash Flow 17.3x
TEV/Sales 2.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FORWARD AIR CORP, please visit www.forwardair.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.