FWRD Stock Recent News

An activist investor is calling on Forward to scrap its planned $3.2 billion acquisition and focus on internal improvements instead. The activist is also pushing to replace the CEO and some members of the board.

Shares of Forward Air Corp. FWRD, +5.04% were driven up 4.8% in morning trading Tuesday, after activist investor Ancora Alternatives LLC said it believes the less-than-truckload and freight services company value could nearly double if shareholders take action. Ancora, which said it is a “top 5” shareholder of Forward Air, said the stock can trade “north of $100” over the next six months, if shareholders vote down the cash-and-stock deal to buy Omni Logistics LLC announced on Aug. 10, then vote to replace the board of directors and management team.

BAYYR, EDAP and FWRD have been added to the Zacks Rank #5 (Strong Sell) List on October 17, 2023.

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”), a category leader in expedited LTL, announced today that Tom Schmitt, Chairman and Chief Executive Officer, and Rebecca Garbrick, Chief Financial Officer, will present at the Jefferies Industrials Conference on September 6, 2023, at 10:30 a.m. ET. Investors may listen to a live webcast of the presentation by accessing the webcast button in the Investor Relations section of the Company's web.

Forward shares have been under pressure since the company announced a planned merger with private-equity-owned Omni Logistics. The company believes the deal will make it a shipping powerhouse, but analysts are worried about merger complexities.

Forward Air Corporation (NASDAQ:FWRD ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Thomas Schmitt - President, CEO & Chairman Rebecca Garbrick - CFO & Treasurer Conference Call Participants Jack Atkins - Stephens Inc. Scott Group - Wolfe Research Bascome Majors - Susquehanna Stephanie Moore - Jefferies Andrew Cox - Stifel Christopher Kuhn - the Benchmark Company Operator Thank you for joining Forward Air Corporation's Second Quarter 2023 Earnings Release Conference Call. Before we begin, I'd like to point out that both the press release and webcast presentation for this call are accessible on the Investor Relations section of Forward Air's website at www.forwardaircorp.com.

Forward Air (FWRD) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $2.04 per share a year ago.

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its second quarter 2023 earnings after the market closes on Wednesday, August 2, 2023 and hold a conference call to discuss those results on the following day, Thursday, August 3, 2023 at 9:00 a.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com, or by dialing (877) 336-4440, Access Code: 6257043. Since we use our.

Forward Air (FWRD) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.57 per share a year ago.

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its first quarter 2023 earnings after the market closes on Monday, May 1, 2023 and hold a conference call to discuss those results on the following day, Tuesday, May 2, 2023 at 9:00 a.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com, or by dialing (877) 336-4436, Access Code: 2402511.