<div id="readability-page-1"><p>Forward Air Corporation (NASDAQ:FWRD - Get Free Report) hit a new 52-week low during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $9.50 and last traded at $9.87, with a volume of 9868307 shares traded. The stock had previously closed at $17.33.</p><ul><li>7 Short Squeeze Stocks to Look Into for Your Portfolio</li></ul><p>The transportation company reported ($1.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.74). Forward Air had a negative return on equity of 37.50% and a negative net margin of 3.71%.The business had revenue of $582.05 million for the quarter, compared to analysts' expectations of $620.23 million. During the same period in the previous year, the firm posted ($1.68) earnings per share. The firm's revenue was down 5.1% compared to the same quarter last year. </p><h2>Key Headlines Impacting Forward Air</h2><p>Here are the key news stories impacting Forward Air this week:</p><ul>   <li><span>Positive Sentiment: </span>Susquehanna kept a <strong>positive</strong> view on <strong>Forward Air (FWRD)</strong>, even while cutting its price target from $42 to $18, which suggests some analysts still see recovery potential from current levels.</li>    <li><span>Neutral Sentiment: </span>Investors are reviewing the company’s <strong>Q1 2026 earnings transcript</strong> and conference call materials for more detail on management’s outlook and any turnaround plans. <i></i><span>Forward Air (FWRD) Q1 2026 Earnings Transcript</span></li>    <li><span>Neutral Sentiment: </span>A shareholder investigation by Johnson Fistel into possible securities-law claims may add legal overhang, but its immediate stock impact is still uncertain. <i></i><span>Forward Air Corporation Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses</span></li>    <li><span>Negative Sentiment: </span><strong>Forward Air (FWRD)</strong> posted a much larger-than-expected Q1 loss and missed revenue estimates, reinforcing concerns that profitability remains under pressure. <i></i><span>Forward Air (FWRD) Reports Q1 Loss, Misses Revenue Estimates</span></li>    <li><span>Negative Sentiment: </span>The biggest driver for the selloff appears to be management’s disclosure of a potential <strong>major customer loss</strong>, which raised fears about future revenue and margins. <i></i><span>Forward Air flags customer loss, stock plummets</span></li> </ul><h2>Analysts Set New Price Targets</h2><p>A number of equities analysts recently commented on the company. Susquehanna decreased their price target on Forward Air from $42.00 to $18.00 and set a &#34;positive&#34; rating for the company in a research note on Friday. Weiss Ratings  reiterated a &#34;sell (e+)&#34; rating on shares of Forward Air in a research note on Tuesday, April 21st. Zacks Research downgraded Forward Air from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus  set a $17.00 price target on Forward Air in a research note on Friday. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company  has an average rating of &#34;Hold&#34; and a consensus price target of $17.50.</p><p><b>Check Out Our Latest Research Report on FWRD</b></p><h2>Institutional Investors Weigh In On Forward Air</h2><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in FWRD. Garton &amp; Associates Financial Advisors LLC bought a new stake in  Forward Air during the fourth quarter worth approximately $36,000.  Tower Research Capital LLC TRC raised its holdings in  Forward Air by 207.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the transportation company's stock worth $64,000 after purchasing an additional 1,753 shares in the last quarter.  Kestra Advisory Services LLC bought a new stake in  Forward Air during the fourth quarter worth approximately $74,000.  AlphaQuest LLC raised its holdings in  Forward Air by 541.5% during the third quarter. AlphaQuest LLC now owns 3,015 shares of the transportation company's stock worth $77,000 after purchasing an additional 2,545 shares in the last quarter.  Finally, Fifth Third Bancorp raised its holdings in  Forward Air by 2,397.7% during the first quarter. Fifth Third Bancorp now owns 5,495 shares of the transportation company's stock worth $92,000 after purchasing an additional 5,275 shares in the last quarter. Institutional investors own  97.03% of the company's stock. </p><h2>Forward Air Price Performance</h2><p>The company has a market cap of $320.28 million, a P/E ratio of -3.37 and a beta of 1.59. The company has a fifty day simple moving average of $19.70 and a 200-day simple moving average of $22.95. The company has a debt-to-equity ratio of 10.58, a current ratio of 1.22 and a quick ratio of 1.22. </p><h2>About Forward Air</h2> (Get Free Report)<p>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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Forward Air</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></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>

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<p>Forward Air Corporation (NASDAQ:FWRD) reached a new 52-week low of $9.50 following disappointing earnings, reporting a loss of $1.09 EPS against expectations of a $0.35 loss. Revenue fell to $582.05 million, below the anticipated $620.23 million. Analysts have mixed sentiments, with Susquehanna lowering its price target from $42 to $18 while maintaining a positive outlook. Concerns over a potential major customer loss and ongoing profitability issues have contributed to the stock's decline, which has seen a significant drop from a previous close of $17.33.</p>

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Forward Air

First Trust NasdaqTransport

SPDR S&P Transp

iShares US Transportation ETF

Pacer Industrials and Logistics ETF

Proshares Supply Chain Logistics ETF

Sonicshares Global Shipping ETF

US Global Sea to Sky Cargo ETF

Stifel Financial

Fifth Third Bancorp

STIFEL FINANCIAL CORP 6.125% DEP SHS REP 1/1000 NON CU PF SR C

Stifel Financial Pref Share SFB 5.2 10/15/47

STIFEL FINANCIAL CORP 6.25%NON CUM DEP SHS REP 1/1000TH SER B

STIFEL FINANCIAL CORP 4.50% DEP SHS REP 1/1000TH PREF SHS SR D

Fifth Third Bancorp Pref Share FITBO 4.95 Perp 09/30/24 K

FIFTH THIRD BANK PREF SHARE FITB V6.625 P12/31/49 I

Fifth Third Bancorp Pref Shares FITBM 6.875 Perp 10/01/30

Fifth Third Bancorp Depositary Shs B Ser A Repr 1/40 6 % Perp Pfd Registered Shs B Ser A

Forward Air (NASDAQ:FWRD) Sets New 12-Month Low on Disappointing Earnings