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Fortrea Holdings Inc. (FTRE)
NASDAQ:FTRE
RESEARCH TOOLSreports
Holding FTRE?
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FTRE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$16.53 - $41.02
Previous Close$19.26
Volume2.65M
Average Volume (3M)1.45M
Market Cap
$1.66B
Enterprise Value$2.76B
Total Cash (Recent Filing)$105.30M
Total Debt (Recent Filing)$1.20B
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. Volume973,938
30 Day Avg. Volume1,449,809
Standard Deviation0.16
R-Squared0.07
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)1.14
Price to Sales (P/S)0.83
Price to Cash Flow (P/CF)-172.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.99
Enterprise Value/Gross Profit5.30
Enterprise Value/Ebitda-57.94
Forecast
1Y Price Target
$23.00Price Target Upside19.42% Upside
Rating ConsensusHold
Number of Analyst Covering8
Fortrea Holdings Inc. News
PremiumCompany Announcements
Fortrea Holdings Reports Q3 2024 Financial ResultsBulls Say, Bears Say
Bulls Say
Financial PerformanceFree cash flow for the quarter improved by 75% year-over-year, indicating strong cash generation capabilities.
Market SentimentThe market reacted positively to the assumption of an impending takeout after FTRE's abrupt conference cancellations.
Operational EfficiencyFTRE 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.
Bears Say
Communication StrategyThe recent cancellation of communication plans by FTRE has resulted in operating in an information vacuum.
ProfitabilityThe 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
0.30% Insiders
22.15% Mutual Funds
42.70% Other Institutional Investors
5.03% 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?
Currently, no data Available
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 85 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.?
Among the largest hedge funds holding Fortrea Holdings Inc.’s share is Starboard Value LP. It holds Fortrea Holdings Inc.’s shares valued at 168M.
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Fortrea Holdings Inc. Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$23.00 (19.42% Upside)
$23.00 (19.42% Upside)
Blogger Sentiment
Bullish
FTRE Sentiment 66%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 2.7M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 5.0%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-40.99%
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
$23.00
▲(19.42% Upside)
Technical Analysis
Best Analysts Covering FTRE
1 Year
1 Year Success Rate
5/5 ratings generated profit
1 Year Average Return
+19.26%
reiterated a sell rating last month
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 +19.26% per trade.
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