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Forward Air Corp (FWRD) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Forward Air Corp (FWRD) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Forward Air Corp serves in the logistics industry based in the United States. It is a provider of time-definite truck transportation to the North American deferred air freight shipping market. Forward Air Corp has a market cap of $1.93 billion; its shares were traded at around $66.89 with a P/E ratio of 21.36 and P/S ratio of 1.46. The dividend yield of Forward Air Corp stocks is 0.97%. Forward Air Corp had annual average EBITDA growth of 9.10% over the past ten years. GuruFocus rated Forward Air Corp the business predictability rank of 3-star.


For the last quarter Forward Air Corp reported a revenue of $356.6 million, compared with the revenue of $256.6 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.3 billion, an increase of 20% from last year. For the last five years Forward Air Corp had an average revenue growth rate of 14% a year.

The reported diluted earnings per share was $3.12 for the year, an increase of 8% from previous year. Over the last five years Forward Air Corp had an EPS growth rate of 9.9% a year. The Forward Air Corp had an operating margin of 9.24%, compared with the operating margin of 9.87% a year before. The 10-year historical median operating margin of Forward Air Corp is 10.76%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Forward Air Corp has the cash and cash equivalents of $25.7 million, compared with $3.89 million in the previous year. The long term debt was $47.3 million, compared with $40.6 million in the previous year. The interest coverage to the debt is at a comfortable level of 68.4. Forward Air Corp has a financial strength rank of 8 (out of 10).

At the current stock price of $66.89, Forward Air Corp is traded at 12.2% discount to its historical median P/S valuation band of $76.20. The P/S ratio of the stock is 1.46, while the historical median P/S ratio is 1.68. The intrinsic value of the stock is $51.24 a share, according to GuruFocus DCF Calculator. The stock gained 18.35% during the past 12 months.

Directors and Officers Recent Trades:

  • COO Chris C Ruble sold 7,926 shares of FWRD stock on 02/12/2019 at the average price of $65.12. The price of the stock has increased by 2.72% since.

For the complete 20-year historical financial data of FWRD, click here.

This article first appeared on GuruFocus.