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Fortrea Holdings Inc. (FTRE)
:FTRE
RESEARCH TOOLSreports
Holding FTRE?
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FTRE Stock Chart & Stats
Day’s Range― - ―
52-Week Range$16.53 - $41.02
Previous CloseN/A
Volume188.47K
Average Volume (3M)1.14M
Market Cap
$1.58B
Enterprise Value$2.89B
Total Cash (Recent Filing)$108.60M
Total Debt (Recent Filing)$1.63B
Price to Earnings (P/E)―
Beta1.85
Next Earnings
Mar 17, 2025EPS Estimate
0.37Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.14
Shares Outstanding89,700,000
10 Day Avg. Volume924,907
30 Day Avg. Volume1,141,386
Standard Deviation0.15
R-Squared0.09
Alpha-0.04
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.82
Price to Cash Flow (P/CF)-171.10
P/FCF Ratio0.00
Enterprise Value/Market Cap1.83
Enterprise Value/Revenue1.04
Enterprise Value/Gross Profit5.55
Enterprise Value/Ebitda-60.73
Forecast
1Y Price Target
$23.33Price Target Upside32.26% Upside
Rating ConsensusHold
Number of Analyst Covering7
Fortrea Holdings Inc. News
PremiumCompany Announcements
Fortrea Holdings Reports Q3 2024 Financial ResultsBulls Say, Bears Say
Bulls Say
Business ImprovementFTRE has transitioned 90% of its IT applications and servers from its former parent company, which is expected to reduce costs and improve efficiency over time.
Financial PerformanceFree cash flow for the quarter improved by 75% year-over-year, indicating strong cash generation capabilities.
Stock PerformanceThe market reacted positively to the assumption of an impending takeout after FTRE's abrupt conference cancellations.
Bears Say
Communication StrategyFTRE abruptly cancelled two conferences and our planned vNDR, raising concerns about the company's communication strategy.
Profitability ConcernsThe adjusted EPS was 8% below consensus estimates, which might raise concerns about profitability.
Revenue ProjectionsThe top end of FTRE's FY24 sales outlook was lowered by $25 million, indicating potential challenges in their revenue projections.
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Ownership Overview
0.33% Insiders
21.52% Mutual Funds
0.04% Other Institutional Investors
48.30% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FTRE FAQ
What was Fortrea Holdings Inc.’s price range in the past 12 months?
Fortrea Holdings Inc. lowest stock price was $16.53 and its highest was $41.02 in the past 12 months.
What is Fortrea Holdings Inc.’s market cap?
Fortrea Holdings Inc.’s market cap is $1.58B.
When is Fortrea Holdings Inc.’s upcoming earnings report date?
Fortrea Holdings Inc.’s upcoming earnings report date is Mar 17, 2025 which is in 60 days.
How were Fortrea Holdings Inc.’s earnings last quarter?
Fortrea Holdings Inc. released its earnings results on Nov 08, 2024. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by -$0.02.
Is Fortrea Holdings Inc. overvalued?
According to Wall Street analysts Fortrea Holdings Inc.’s price is currently Undervalued.
Does Fortrea Holdings Inc. pay dividends?
Fortrea Holdings Inc. does not currently pay dividends.
What is Fortrea Holdings Inc.’s EPS estimate?
Fortrea Holdings Inc.’s EPS estimate is 0.37.
How many shares outstanding does Fortrea Holdings Inc. have?
Fortrea Holdings Inc. has 89,700,000 shares outstanding.
What happened to Fortrea Holdings Inc.’s price movement after its last earnings report?
Fortrea Holdings Inc. reported an EPS of $0.23 in its last earnings report, missing expectations of $0.25. Following the earnings report the stock price went up 30.194%.
Which hedge fund is a major shareholder of Fortrea Holdings Inc.?
Currently, no hedge funds are holding shares in FTRE
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Fortrea Holdings Inc. Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$23.33 (32.26% Upside)
$23.33 (32.26% Upside)
Blogger Sentiment
Bullish
FTRE Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 2.7M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 4.7%
Last 30 Days ▼ 4.7%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.59%
12-Months-Change
Fundamentals
Return on Equity
-14.56%
Trailing 12-Months
Asset Growth
-15.13%
Trailing 12-Months
Company Description
Fortrea Holdings Inc.
Fortrea Holdings Inc. provides clinical development and patient access solutions to the life sciences industry. It offers phase I-IV clinical trial management, clinical pharmacology, differentiated technology enabled trial solutions, and post approval services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. is based in Durham, North Carolina.
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FTRE Company Deck
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FTRE Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong execution and strategic progress, despite some challenges with revenue decline and increased SG&A costs. The company is making significant advancements in securing new business and recognition, maintaining a solid pipeline, and improving cash flow, which indicates a promising future.Read More>---
FTRE Stock 12 Month Forecast
Average Price Target
$23.33
▲(32.26% Upside)
Technical Analysis
QuidelOrtho
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Laboratory Corporation of America Holdings
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Quest Diagnostics
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Charles River Labs
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Best Analysts Covering FTRE
1 Year
1 Year Success Rate
5/5 ratings generated profit
1 Year Average Return
+20.10%
reiterated a sell rating 2 months ago
Copying Michael Ryskin's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +20.10% per trade.
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