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Fortrea Holdings Inc. (FTRE)
NASDAQ:FTRE
Fortrea Holdings Inc. (FTRE) Stock Price & Analysis
28 Followers
FTRE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.93 - $41.02
Previous Close$36.47
Volume1.06M
Average Volume (3M)852.40K
Market Cap
$3.26B
Enterprise Value$4.82B
Total Cash (Recent Filing)$114.30M
Total Debt (Recent Filing)$1.68B
Price to Earnings (P/E)-962.3
Beta1.35
Next Earnings
May 13, 2024EPS Estimate
$0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.04
Shares Outstanding89,400,000
10 Day Avg. Volume804,209
30 Day Avg. Volume852,398
Standard Deviation0.12
R-Squared0.24
Alpha-0.00399
Financial Highlights & Ratios
Price to Book (P/B)-3.02
Price to Sales (P/S)4.11
Price to Cash Flow (P/CF)N/A
P/FCF Ratio1594.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.08
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda10.00T>
Forecast
1Y Price Target
$37.33Price Target Upside5.15% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
Fortrea Holdings Inc. News
PremiumCompany Announcements
Betty Larson Steps Down from Fortrea Holdings Board
PremiumCompany Announcements
Fortrea Holdings Announces Sale of Key DivisionsBulls Say, Bears Say
Bulls Say
Financial HealthA strategic divestiture has positively impacted the company's financials, reducing debt levels and resulting in a more manageable estimated leverage ratio.
Industry RecoveryClinical Research Organizations (CROs) are experiencing a rebound, buoyed by a resurgence in biopharmaceutical funding and an overall recovery in the biotech sector.
Long-Term OutlookThe long-term outlook for the sector remains positive, with a strong belief in the technical benefits of scarcity value and the potential for small cap stocks to catch up with their industry peers.
Bears Say
Company OutlookNot-so-bullish perspective due to the substantial work ahead for Fortrea and early indications suggesting it is premature to express confidence in the financials.
Competitive PositionFortrea lags peers notably on almost every metric while valuation already credits 2025+ potential.
Financial PerformancePresent performance challenged with poor cash flow and low operating results driving leverage to approximately 6 times near-term.
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Ownership Overview
0.13% Insiders
23.98% Mutual Funds
27.16% Other Institutional Investors
48.73% 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 $24.93 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 May 13, 2024 which is in 4 days.
How were Fortrea Holdings Inc.’s earnings last quarter?
Fortrea Holdings Inc. released its earnings results on Mar 11, 2024. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.232 by -$0.042.
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 $0.01.
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 $0.19 in its last earnings report, missing expectations of $0.232. Following the earnings report the stock price went down -1.14%.
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 265M.
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Fortrea Holdings Inc. Stock Smart Score
Outperform
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Analyst Consensus
Moderate Sell
Average Price Target:
$37.33 (5.15% Upside)
$37.33 (5.15% Upside)
Blogger Sentiment
Bullish
FTRE Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 5.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.7%
Last 30 Days ▲ 5.0%
Last 30 Days ▲ 5.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
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
Q4 2024
0:00 / 0:00
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FTRE Stock 12 Month Forecast
Average Price Target
$37.33
▲(5.15% Upside)
Technical Analysis
Best Analysts Covering FTRE
1 Year
1 Year Success Rate
2/2 ratings generated profit
1 Year Average Return
+14.70%
reiterated a buy rating 4 months ago
Copying Luke Sergott'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 +14.70% per trade.
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