Last $46.50 USD
Change Today +0.63 / 1.37%
Volume 61.9K
FWRD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:30 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

forward air corporation (FWRD) Snapshot

Open
$45.84
Previous Close
$45.87
Day High
$46.83
Day Low
$45.73
52 Week High
04/2/14 - $47.10
52 Week Low
05/1/13 - $35.93
Market Cap
1.5B
Average Volume 10 Days
117.2K
EPS TTM
$1.77
Shares Outstanding
31.2M
EX-Date
03/6/14
P/E TM
26.3x
Dividend
$0.48
Dividend Yield
0.90%
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 Legal Officer, Executive Vice President...
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 Mulls Acquisitions For TQI

Forward Air Corp. (NasdaqGS:FWRD) is seeking acquisitions for TQI Holdings, Inc. Bruce Campbell, Chairman, President and Chief Executive Officer of Forward, said, "Our second priority will be to start looking for acquisition opportunities for TQI."

Forward Air Corp. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter of 2014 and for the Year 2014; Provides Tax Rate for 2014

Forward Air Corp. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total operating revenue of $181,085,000, income from operations of $23,203,000, income before income taxes of $23,099,000, net income of $15,585,000 or $0.5 per diluted share, compared to the total operating revenue of $155,525,000, income from operations of $24,034,000, income before income taxes of $23,904,000, net income of $15,960,000 or $0.54 per diluted share, for the same quarter a year ago. Net CapEx was $1.9 million For the year, the company reported total operating revenue of $652,481,000, income from operations of $84,355,000, income before income taxes of $83,922,000, net income of $54,467,000 or $1.77 per diluted share, net cash provided by operating activities of $30,352,000, purchases of property and equipment of $2,173,000 compared to the total operating revenue of $584,446,000, income from operations of $83,532,000, income before income taxes of $83,155,000, net income of $52,668,000 or $1.78 per diluted share, net cash provided by operating activities of $22,907,000, purchases of property and equipment of $854,000 for the previous year. Net CapEx was $33.5 million. The company provided earnings guidance for the first quarter of 2014 and for the year 2014. The company anticipates first quarter revenue will be in the range of 19% to 23%. At the mid-point, the company expects January - the January and February benefit of TQI purchased in early March to be approximately 6.5%. And the company expects the February and March benefit of the recently closed CST acquisition to be 6%. Income per diluted share is expected to be between $0.36 and $0.40 per share, compared to $0.36 per share in first quarter of 2013. The company expects the EPS benefit from CST to be neutral for first quarter of 2014, as the deal calls will offset any resulting operating income. The company has 2014 net CapEx budget at $34.5 million. With the expiration of a tax credit related to propane usage and not being able to accurately predict the benefit produce by the exercise of the incentive stock options, the company modeling 2014 tax rate to be 37.8%.

Forward Air Corp. Declares Quarterly Cash Dividend, Payable on March 24, 2014

On February 7, 2014, 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 March 10, 2014, and is expected to be paid on March 24, 2014. This represents a 20% increase in dividend as compared to the prior year quarter. This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors, which anticipates a total annual dividend of $0.48 per share of common stock, payable in quarterly increments of $0.12 per share of common stock. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the Company's financial performance.

 

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FWRD

Industry Average

Valuation FWRD Industry Range
Price/Earnings 25.9x
Price/Sales 2.1x
Price/Book 3.2x
Price/Cash Flow 18.3x
TEV/Sales 2.0x
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