<div id="readability-page-1"><p>Forward Air (NASDAQ:FWRD - Get Free Report) issued its quarterly earnings results on Wednesday. The transportation company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.39), Zacks reports. The business had revenue of $631.76 million during the quarter, compared to the consensus estimate of $645.45 million. Forward Air had a negative return on equity of 40.36% and a negative net margin of 6.86%.The firm's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.62) earnings per share.</p><h2>Forward Air Price Performance</h2><p>FWRD stock traded up $3.98 during trading on Thursday, hitting $21.67. 561,421 shares of the company's stock traded hands, compared to its average volume of 684,334. Forward Air has a 52 week low of $9.78 and a 52 week high of $38.24. The stock has a market capitalization of $667.11 million, a price-to-earnings ratio of -3.60 and a beta of 1.39. The company has a debt-to-equity ratio of 7.91, a quick ratio of 1.20 and a current ratio of 1.20. The business has a fifty day simple moving average of $24.55 and a 200 day simple moving average of $23.69. </p><h2>Wall Street Analyst Weigh In</h2><p>Several brokerages have issued reports on FWRD. Wall Street Zen cut shares of Forward Air from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a report on Saturday, October 11th. Weiss Ratings  reaffirmed a &#34;sell (e+)&#34; rating on shares of Forward Air in a report on Wednesday, October 8th. Susquehanna lifted their target price on shares of Forward Air from $40.00 to $43.00 and gave the stock a &#34;positive&#34; rating in a report on Tuesday, August 12th. Stifel Nicolaus cut their target price on shares of Forward Air from $32.00 to $30.00 and set a &#34;buy&#34; rating for the company in a research report on Friday, October 17th. Finally, Zacks Research lowered shares of Forward Air from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research report on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating, two have issued  a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Forward Air currently has an average rating of &#34;Hold&#34; and a consensus target price of $33.67.</p><p><b>Check Out Our Latest Stock Report on Forward Air</b></p><h2>Institutional Investors Weigh In On Forward Air</h2><p>Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in shares of  Forward Air by 5.2% in the second quarter. Thrivent Financial for Lutherans now owns 15,436 shares of the transportation company's stock valued at $379,000 after acquiring an additional 762 shares during the period.  Public Sector Pension Investment Board raised its stake in shares of  Forward Air by 12.9% in the second quarter. Public Sector Pension Investment Board now owns 71,519 shares of the transportation company's stock valued at $1,755,000 after acquiring an additional 8,176 shares during the period.  Headlands Technologies LLC purchased a new stake in shares of  Forward Air in the second quarter valued at $182,000.  Tower Research Capital LLC TRC raised its stake in shares of  Forward Air by 207.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the transportation company's stock valued at $64,000 after acquiring an additional 1,753 shares during the period.  Finally, Tidal Investments LLC purchased a new stake in shares of  Forward Air in the second quarter valued at $580,000. Hedge funds and other institutional investors own  97.03% of the company's stock. </p><h2>Forward Air Company Profile</h2> (Get Free Report)<p>Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.</p><h2>See Also</h2><ul><li>Five stocks we like better than Forward Air</li><li>How to Plot Fibonacci Price Inflection Levels </li><li>Can Gold Mining Stocks Shine as the Metals Rally Falters?</li><li>How to Find Undervalued Stocks</li><li>Dutch Bros Beats Earnings for 11th Consecutive Quarter</li><li>How to buy stock: A step-by-step guide for beginners </li><li>From Dividends to Growth: Why These 3 Stocks Stand Out in 2025</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RldSRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RldSRA"/></p><h2>Should You Invest $1,000 in Forward Air Right Now?</h2><p>Before you consider Forward Air, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forward Air wasn't on the list.</p><p>While Forward Air currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FWRD

<p>Forward Air (NASDAQ:FWRD) reported quarterly earnings of ($0.52) EPS, missing estimates by $0.39. Revenue was $631.76 million, below the expected $645.45 million, marking a 3.7% decline year-over-year. The company has a negative net margin of 6.86% and a return on equity of -40.36%. Following the earnings report, FWRD stock rose to $21.67. Analysts have mixed ratings, with two Buy, two Hold, and two Sell ratings, and an average target price of $33.67.</p>

Forward Air (NASDAQ:FWRD) Releases Quarterly Earnings Results, Misses Estimates By $0.39 EPS