Forward Air (NASDAQ:FWRD) Could Be Struggling To Allocate Capital [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
Company Research
Source: Yahoo! Finance
Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after investigating Forward Air NASDAQ:FWRD ), we don't think it's current trends fit the mold of a multi-bagger. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Forward Air: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.028 = US$75m ÷ (US$3.1b - US$420m) (Based on the trailing twelve months to June 2024) So, Forward Air has an ROCE of 2.8%. In absolute terms, that's a low return and it also under-performs the Logistics industry average of 12%. See our latest analysis for Forward Air In the above chart we
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FWRD
News
- Story of the year … so far [Yahoo! Finance]Yahoo! Finance
- Forward Air Co. (NASDAQ: FWRD) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Forward Air names new chief commercial officer [Yahoo! Finance]Yahoo! Finance
- Forward Air Announces New Chief Commercial Officer [Yahoo! Finance]Yahoo! Finance
- Forward Air Announces New Chief Commercial OfficerBusiness Wire
FWRD
Earnings
- 11/4/24 - Miss
FWRD
Analyst Actions
- 10/21/24 - Stifel
FWRD
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 424B3
- 11/8/24 - Form 8-K
- FWRD's page on the SEC website