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Hot Stocks
Forward Air announces general rate increase in 2022 » 08:39
12/01/21
12/01
08:39
12/01/21
08:39
FWRD

Forward Air

$98.57 /

-4.17 (-4.06%)

Forward Air announced…

Forward Air announced that it is notifying customers of a general rate increase, or GRI, of 7.9% applicable to rates established under the existing tariffs effective February 1, 2022. Selected accessorial charges and minimum charges will also be impacted. The GRI is intended to offset rising costs associated with the challenging operating environment.

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FWRD Forward Air
$98.57 /

-4.17 (-4.06%)

FWRD Forward Air
$98.57 /

-4.17 (-4.06%)

10/29/21 Baird
Forward Air price target raised to $110 from $100 at Baird
05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
FWRD Forward Air
$98.57 /

-4.17 (-4.06%)

Over a month ago
Hot Stocks
Forward Air buys assets of BarOle Trucking, trucking assets of TKI Intermodal » 09:19
11/03/21
11/03
09:19
11/03/21
09:19
FWRD

Forward Air

$106.09 /

+0.75 (+0.71%)

"Forward Air is…

"Forward Air is executing a growth strategy that involves organic infrastructure investments, such as its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Our primary focus is to pursue accretive acquisitions that complement or expand the Expedited LTL division, while continuing to grow our intermodal segment with strategic acquisitions. As part of the inorganic growth strategy, Forward announced that it has entered into two separate agreements to acquire the assets of BarOle Trucking, . and the trucking-related assets of TKI Intermodal . These acquisitions are a part of the company's strategy focused on infrastructure investment to advance intermodal transportation capabilities and market leadership, while also gaining additional storage yards, chassis, and drivers. The acquisitions are expected to add $25M in revenue for the company and more than 82 new employees, including 95 drivers -- quadrupling Forward's total number of drivers in the Minneapolis Intermodal market. "The trucking and logistics industry is under unprecedented pressure, especially within the intermodal market, as we have seen higher demand than normal," says Tom Schmitt, Chairman and CEO of Forward Air. "The acquisitions are a continuation of our business strategy, empowering us with the additional resources necessary to meet growing customer demand while driving efficiency, market expansion, and industry-leading career opportunities." As with all of Forward's acquisitions in this space, the company was eager to seek BarOle, the largest intermodal carrier in the Twin Cities, and TKI, a Minneapolis-based freight shipping company that specializes in container drayage transportation and storage, due to their equal focus on quality service with cultures compatible with Forward Intermodal.

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FWRD Forward Air
$106.09 /

+0.75 (+0.71%)

FWRD Forward Air
$106.09 /

+0.75 (+0.71%)

10/29/21 Baird
Forward Air price target raised to $110 from $100 at Baird
05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
FWRD Forward Air
$106.09 /

+0.75 (+0.71%)

Recommendations
Forward Air price target raised to $110 from $100 at Baird » 06:44
10/29/21
10/29
06:44
10/29/21
06:44
FWRD

Forward Air

$97.40 /

+4.575 (+4.93%)

Baird analyst Garrett…

Baird analyst Garrett Holland raised the firm's price target on Forward Air to $110 from $100 and keeps an Outperform rating on the shares. The analyst said its strong execution, leverage to cyclical tailwinds, and longer-term company-specific growth drivers make the company an attractive small/mid-cap transport idea,

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FWRD Forward Air
$97.40 /

+4.575 (+4.93%)

FWRD Forward Air
$97.40 /

+4.575 (+4.93%)

05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
FWRD Forward Air
$97.40 /

+4.575 (+4.93%)

Earnings
Forward Air sees FY21 adjusted EPS $4.30-$4.34, consensus $3.93  18:38
10/27/21
10/27
18:38
10/27/21
18:38
FWRD

Forward Air

$92.82 /

-0.92 (-0.98%)

 
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FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

Earnings
Forward Air reports Q3 non-GAAP EPS $1.14, consensus $1.07 » 18:37
10/27/21
10/27
18:37
10/27/21
18:37
FWRD

Forward Air

$92.82 /

-0.92 (-0.98%)

Reports Q3 revenue…

Reports Q3 revenue $419.62M, consensus $424.42M. CEO Tom Schmitt said, "Business momentum combined with the completion of our cleanse process culminated in record quarterly reported income from operations of $42.5M and adjusted income from operations of $43.4M. Our record reported EPS of $1.12 and adjusted EPS of $1.14 exceeded the high end of our $1.03 to $1.07 guidance range. Our Q3 revenue growth of 26% was slightly below the low end of our guidance range of 28% to 32%. I am very encouraged by the results in the month of September, in particular the strong operating margin expansion in the Expedited Freight segment. We expect volumes in Q4 to exceed volumes for the same period of 2020. Through October, our volumes were strong year-over-year. Our guidance reflects a record FY21 revenue and net income per diluted share. We fully expect our momentum to continue into 2022 and 2023. As we continue to execute upon our strategic priorities, our full year 2023 targets include revenue of $2.0B-$2.6B and net income per diluted share of $6.30-$6.70".

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FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

Earnings
Forward Air sees Q4 EPS $1.25-$1.29, consensus $1.16 » 18:37
10/27/21
10/27
18:37
10/27/21
18:37
FWRD

Forward Air

$92.82 /

-0.92 (-0.98%)

Sees Q4 revenue growth…

Sees Q4 revenue growth 23%-27% y-o-y, consensus $425.38M.

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FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
FWRD Forward Air
$92.82 /

-0.92 (-0.98%)

Over a quarter ago
Earnings
Forward Air sees Q3 EPS $1.03-$1.07, consensus 98c » 17:14
07/29/21
07/29
17:14
07/29/21
17:14
FWRD

Forward Air

$88.05 /

+1.36 (+1.57%)

Sees Q3 revenue growth of…

Sees Q3 revenue growth of $28%-32%, consensus $381.9M. The company further states: "We expect volumes in the third quarter 2021 to significantly exceed volumes for the same period of 2020. Through July, our volumes were strong year-over-year. We are guiding to a record third quarter revenue and net income per diluted share despite the impact of an investment in operational enhancements and to a lesser extent the typical slowdown in volumes in the third quarter as compared to the second quarter."

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FWRD Forward Air
$88.05 /

+1.36 (+1.57%)

FWRD Forward Air
$88.05 /

+1.36 (+1.57%)

05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
09/29/20
Fly Intel: Top five analyst upgrades
FWRD Forward Air
$88.05 /

+1.36 (+1.57%)

FWRD Forward Air
$88.05 /

+1.36 (+1.57%)

Earnings
Forward Air reports Q2 EPS $1.11, consensus 96c » 17:13
07/29/21
07/29
17:13
07/29/21
17:13
FWRD

Forward Air

$88.05 /

+1.36 (+1.57%)

Reports Q2 revenue…

Reports Q2 revenue $420.7M, consensus $389.6M. Tom Schmitt, CEO, said, "Business momentum continued during the quarter culminating in the highest net income for the month of June. Our focus on our two rock star segments, Expedited Freight and Intermodal, as well as solid revenue management, drove our second quarter revenue, which exceeded the high end of our guidance range. Surgical collaboration with customers on selecting, handling, and pricing freight led to the highest operating income for a quarter. Net income per diluted share of $1.11 exceeded the high end of our $0.96 to $1.00 guidance range. I am very encouraged that in our second quarter we are better than in pre-pandemic 2019's second quarter: better consolidated operating margins now. And bigger - our operating revenues are up almost 40% year-over-year. Additionally, we are working to bring back our customer's events business in late 2021 and 2022."

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FWRD Forward Air
$88.05 /

+1.36 (+1.57%)

FWRD Forward Air
$88.05 /

+1.36 (+1.57%)

05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
09/29/20
Fly Intel: Top five analyst upgrades
FWRD Forward Air
$88.05 /

+1.36 (+1.57%)

FWRD Forward Air
$88.05 /

+1.36 (+1.57%)

Hot Stocks
Forward Air appoints Rebecca Garbrick as CFO » 08:02
06/25/21
06/25
08:02
06/25/21
08:02
FWRD

Forward Air

$92.80 /

+ (+0.00%)

Forward Air announced…

Forward Air announced that Rebecca Garbrick has been named CFO and treasurer of the Company, effective July 4. Garbrick joined Forward in November 2020 as VP and controller before assuming the role of chief accounting officer in March.

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FWRD Forward Air
$92.80 /

+ (+0.00%)

FWRD Forward Air
$92.80 /

+ (+0.00%)

05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
09/29/20
Fly Intel: Top five analyst upgrades
FWRD Forward Air
$92.80 /

+ (+0.00%)

FWRD Forward Air
$92.80 /

+ (+0.00%)

Hot Stocks
Forward Air expands less-than-truckload service into Spokane, WA » 12:48
06/14/21
06/14
12:48
06/14/21
12:48
FWRD

Forward Air

$92.19 /

+1.03 (+1.13%)

Forward Air announced…

Forward Air announced that it will expand its expedited less-than-truckload service into Spokane, WA. Using a local partner, Forward now offers expedited LTL service out of Spokane, allowing customers to now pick up or drop off freight for shipment Monday through Friday. "Forward enters the market as the fastest expedited carrier in and out of Spokane," the company said in a statement.

ShowHide Related Items >><<
FWRD Forward Air
$92.19 /

+1.03 (+1.13%)

FWRD Forward Air
$92.19 /

+1.03 (+1.13%)

05/03/21 Raymond James
Forward Air upgraded to Strong Buy from Outperform at Raymond James
02/16/21 Wolfe Research
Forward Air upgraded to Outperform from Peer Perform at Wolfe Research
02/16/21 Raymond James
Forward Air price target raised to $95 from $80 at Raymond James
09/29/20
Fly Intel: Top five analyst upgrades
FWRD Forward Air
$92.19 /

+1.03 (+1.13%)

FWRD Forward Air
$92.19 /

+1.03 (+1.13%)

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