Forward Air (FWRD) Expected to Announce Quarterly Earnings on Monday

Forward Air (NASDAQ:FWRD) will likely be releasing its Q4 2025 results after the market closes on Monday, February 23rd. Analysts expect Forward Air to post earnings of ($0.26) per share and revenue of $629.60 million for the quarter. Parties can find conference call details on the company’s upcoming Q4 2025 earning report page for the latest details on the call scheduled for Monday, February 23, 2026 at 4:30 PM ET.

Forward Air Price Performance

Shares of NASDAQ:FWRD opened at $27.82 on Friday. The company has a market capitalization of $869.38 million, a P/E ratio of -7.23 and a beta of 1.35. Forward Air has a 1-year low of $9.78 and a 1-year high of $32.47. The firm’s 50 day simple moving average is $27.15 and its two-hundred day simple moving average is $25.72. The company has a debt-to-equity ratio of 8.73, a current ratio of 1.20 and a quick ratio of 1.20.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FWRD shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forward Air in a report on Thursday, January 22nd. Stifel Nicolaus boosted their price objective on Forward Air from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Forward Air in a research note on Thursday, November 6th. Zacks Research downgraded Forward Air from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Finally, Susquehanna boosted their price target on Forward Air from $42.00 to $45.00 and gave the stock a “positive” rating in a report on Monday, January 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Hedge Funds Weigh In On Forward Air

A number of institutional investors and hedge funds have recently made changes to their positions in FWRD. One68 Global Capital LLC bought a new position in Forward Air during the fourth quarter valued at $225,000. Man Group plc purchased a new position in shares of Forward Air during the 2nd quarter worth about $224,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Forward Air during the 3rd quarter worth about $209,000. Guggenheim Capital LLC bought a new position in Forward Air during the 4th quarter valued at about $207,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Forward Air in the 2nd quarter worth about $203,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

About Forward Air

Forward Air Corporation is a leading North American provider of expedited ground transportation and related logistics services, specializing in time-sensitive shipments. The company offers a comprehensive suite of solutions including less-than-truckload (LTL) expedited freight, consolidation and distribution services, container drayage, and final-mile delivery. By integrating transportation management with warehousing, inventory control, and technology-driven tracking, Forward Air supports customers across a variety of industries such as manufacturing, retail, automotive and chemicals.

Founded in 1981 and headquartered in Greeneville, Tennessee, Forward Air has developed a broad network of service centers, terminals and rail ramps throughout the United States, Canada and Puerto Rico.