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Fortrea Holdings Inc. (FTRE)
NASDAQ:FTRE
Fortrea Holdings Inc. (FTRE) Stock Price & Analysis
41 Followers
FTRE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$22.15 - $41.02
Previous Close$25.85
Volume1.13M
Average Volume (3M)1.48M
Market Cap
$2.31B
Enterprise Value$3.88B
Total Cash (Recent Filing)$108.60M
Total Debt (Recent Filing)$1.68B
Price to Earnings (P/E)―
Beta1.02
Next Earnings
Aug 12, 2024EPS Estimate
$0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.37
Shares Outstanding89,400,000
10 Day Avg. Volume1,435,270
30 Day Avg. Volume1,483,952
Standard Deviation0.15
R-Squared0.04
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)-1.93
Price to Sales (P/S)0.67
Price to Cash Flow (P/CF)646.80
P/FCF Ratio17.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.47
Enterprise Value/Gross Profit7.46
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$29.29Price Target Upside12.52% Upside
Rating ConsensusHold
Number of Analyst Covering7
Fortrea Holdings Inc. News
PremiumCompany Announcements
Fortrea Holdings Inc. Announces New Principal Accounting Officer
Bulls Say, Bears Say
Bulls Say
Debt ReductionFTRE is making progress, including successful divestment of Enabling Services with proceeds from the divestiture and recent AR securitization to pay down $475M in debt, reducing leverage and interest expense burden.
LeadershipFTRE recently appointed Robert 'Bobby' Parks as Chief Accounting Officer, bringing significant public company experience, including in the CRO sector.
Margin ExpansionThe margin expansion story is compelling, given the company’s leverage profile.
Bears Say
Accounting IssuesConfidence in execution and outlook are lacking given numerous presentation changes, accounting restatements and corrections.
Earnings VisibilityRecent downward earnings revision, delayed filing of 10-Q, and loosening of debt covenants indicate low near-term EPS visibility.
Operational StrugglesFTRE has struggled operationally and financially since becoming an independent company, which has had a negative impact on the company's ability to grow.
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Ownership Overview
0.20% Insiders
25.43% Mutual Funds
23.87% Other Institutional Investors
50.50% 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 $22.15 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 Aug 12, 2024 which is in 23 days.
How were Fortrea Holdings Inc.’s earnings last quarter?
Fortrea Holdings Inc. released its earnings results on May 13, 2024. The company reported -$0.04 earnings per share for the quarter, missing the consensus estimate of $0.007 by -$0.047.
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 $0.07.
How many shares outstanding does Fortrea Holdings Inc. have?
Fortrea Holdings Inc. has 89,400,000 shares outstanding.
What happened to Fortrea Holdings Inc.’s price movement after its last earnings report?
Fortrea Holdings Inc. reported an EPS of -$0.04 in its last earnings report, missing expectations of $0.007. Following the earnings report the stock price went down -14.896%.
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 213M.
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Fortrea Holdings Inc. Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$29.29 (12.52% Upside)
$29.29 (12.52% Upside)
Blogger Sentiment
Bullish
FTRE Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 1.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $298.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 5.3%
Last 30 Days ▲ 5.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-22.72%
12-Months-Change
Fundamentals
Return on Equity
-4.03%
Trailing 12-Months
Asset Growth
-1.56%
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
Q1 2024
0:00 / 0:00
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FTRE Stock 12 Month Forecast
Average Price Target
$29.29
▲(12.52% Upside)
Technical Analysis
Best Analysts Covering FTRE
1 Year
1 Year Success Rate
2/4 ratings generated profit
1 Year Average Return
-1.05%
reiterated a buy rating 11 days ago
Copying Elizabeth Anderson CFA's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -1.05% per trade.
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