Last $46.86 USD
Change Today -0.23 / -0.49%
Volume 18.6K
FWRD On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:39 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

forward air corp (FWRD) Snapshot

Open
$46.92
Previous Close
$47.09
Day High
$47.16
Day Low
$46.62
52 Week High
07/3/14 - $48.93
52 Week Low
09/17/13 - $37.61
Market Cap
1.4B
Average Volume 10 Days
86.2K
EPS TTM
$1.84
Shares Outstanding
30.8M
EX-Date
08/19/14
P/E TM
25.5x
Dividend
$0.48
Dividend Yield
0.98%
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.

2,371 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 Corp. Presents at 7th Annual Global Transportation & Aerospace/Defense Conference, Sep-04-2014 01:10 PM

Forward Air Corp. Presents at 7th Annual Global Transportation & Aerospace/Defense Conference, Sep-04-2014 01:10 PM. Venue: The Boston Harbor Hotel, Boston, Massachusetts, United States. Speakers: Rodney L. Bell, Chief Financial Officer, Senior Vice President and Treasurer.

Forward Air Corp. Declares Quarterly Cash Dividend, Payable on September 5, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Capital Expenditure Guidance for the Full Year 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 unaudited 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. Income before income taxes was $27.6 million compared to $22.4 million a year ago. Net cash provided by operating activities was $19.2 million compared to $16.6 million a year ago. Purchases of property and equipment were $13.9 million compared to $15.8 million a year ago. Income from operations increased $5.1 million and 22.6% compared to second quarter a year ago, and again, $2.3 million of that increase was due to the acquisition of CST. For the six months, the company’s 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. Income before income taxes was $43.9 million compared to $38.3 million a year ago. Net cash provided by operating activities was $39.2 million compared to $37.3 million a year ago. Purchases of property and equipment were $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. The company expects CapEx of $32 million or $33 million into a budget of about $35 million for the full year 2014.

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

 

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FWRD

Industry Average

Valuation FWRD Industry Range
Price/Earnings 25.7x
Price/Sales 2.0x
Price/Book 3.2x
Price/Cash Flow 17.2x
TEV/Sales 2.0x
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