Fortrea (FTRE) Stock Price, News & Analysis

Company Overview

Fortrea Holdings Inc., a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. The company operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum. The Enabling Services segment provides patient access and clinical trial technology solutions to customers that streamline complex randomization and optimize the trial drug supply process. The company offers delivery models that include full service, functional service provider, and hybrid service structures. It also offers phase I-IV clinical trial management, differentiated technology enabled trial solutions, and post approval services, as well as consulting services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is headquartered in Durham, North Carolina.

Key Stats

• Today's Range: $5.01 to $5.35
• 50-Day Range: $5.18 to $15.62
• 52-Week Range: $4.95 to $39.49
• Volume: 411,913 shs
• Average Volume: 1.59 million shs
• Market Capitalization: $455.51 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.70
• Consensus Rating: Reduce

Fortrea Stock Analysis - MarketRank™

Fortrea scored higher than 74% of companies evaluated by MarketBeat, and ranked 384th out of 916 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Fortrea has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 10 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Fortrea has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 150.98%

Earnings Growth

Earnings for Fortrea are expected to grow by 150.98% in the coming year, from $0.51 to $1.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortrea is -1.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortrea is -1.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Fortrea has a PEG Ratio of 1.78. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Fortrea has a P/B Ratio of 0.27. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.83% of the float of Fortrea has been sold short.

Short Interest Ratio / Days to Cover

Fortrea has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Fortrea has recently decreased by 21.98%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Fortrea does not currently pay a dividend.

Dividend Growth

Fortrea does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.83% of the float of Fortrea has been sold short.

Short Interest Ratio / Days to Cover

Fortrea has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Fortrea has recently decreased by 21.98%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.51

News Sentiment

Fortrea has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Fortrea this week, compared to 6 articles on an average week.

Search Interest

Only 2 people have searched for FTRE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

4 people have added Fortrea to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Fortrea insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,893.00 in company stock.

Percentage Held by Insiders

Only 0.12% of the stock of Fortrea is held by insiders.

FTRE Stock Analysis - Frequently Asked Questions

How have FTRE shares performed this year?

Fortrea's stock was trading at $18.65 on January 1st, 2025. Since then, FTRE shares have decreased by 71.3% and is now trading at $5.36.
View the best growth stocks for 2025 here.

How were Fortrea's earnings last quarter?

Fortrea Holdings Inc. (NASDAQ:FTRE) announced its earnings results on Monday, March, 3rd. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.36 by $0.18. The business had revenue of $697 million for the quarter, compared to analysts' expectations of $703.22 million. Fortrea had a negative net margin of 10.99% and a positive trailing twelve-month return on equity of 2.00%.
Read the conference call transcript.

Who are Fortrea's major shareholders?

Top institutional shareholders of Fortrea include GAMMA Investing LLC (0.07%) and GAMMA Investing LLC (0.01%). Insiders that own company stock include Thomas Pike, Jill G Mcconnell and Peter M Neupert.
View institutional ownership trends.

How do I buy shares of Fortrea?

Shares of FTRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Fortrea own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortrea investors own include AUO (AUOTY), Waste Connections (WCN), American Water Works (AWK), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 3/03/2025
• Today: 4/15/2025
• Next Earnings (Estimated): 5/12/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Medical laboratories
• Sub-Industry: Healthcare
• Current Symbol: NASDAQ:FTRE
• CIK: 1965040
• Web: www.fortrea.com
• Phone: 877-495-0816
• Fax: N/A
• Employees: 18,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.70
• High Stock Price Target: $25.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +211.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.83
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.69)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 10.51
• P/E Growth: 1.78
• Net Income: $-3,400,000.00
• Net Margins: -10.99%
• Pretax Margin: -8.04%
• Return on Equity: 2.00%
• Return on Assets: 0.80%

Debt

• Debt-to-Equity Ratio: 0.74
• Current Ratio: 1.18
• Quick Ratio: 1.18

Sales & Book Value

• Annual Sales: $2.70 billion
• Price / Sales: 0.18
• Cash Flow: $0.85 per share
• Price / Cash Flow: 6.28
• Book Value: $19.58 per share
• Price / Book: 0.27

Miscellaneous

• Outstanding Shares: 90,200,000
• Free Float: 89,592,000
• Market Cap: $483.47 million
• Optionable: Optionable
• Beta: 2.10