NASDAQ:FTRE Fortrea (FTRE) Stock Price, News & Analysis → Charles Payne Demystifies Options (From Unstoppable Prosperity) (Ad) Free FTRE Stock Alerts $36.00 +0.50 (+1.41%) (As of 02:33 PM ET) Add Compare Share Share Today's Range$35.03▼$36.1150-Day Range$35.50▼$40.2852-Week Range$24.92▼$41.02Volume386,440 shsAverage Volume870,574 shsMarket Capitalization$3.22 billionP/E RatioN/ADividend YieldN/APrice Target$37.29 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Fortrea alerts: Email Address Fortrea MarketRank™ Stock AnalysisAnalyst RatingHold2.38 Rating ScoreUpside/Downside3.7% Upside$37.29 Price TargetShort InterestBearish5.22% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.26Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth91.51%From $1.06 to $2.03 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.47 out of 5 starsMedical Sector859th out of 905 stocksMedical Laboratories Industry18th out of 19 stocks 1.2 Analyst's Opinion Consensus RatingFortrea has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.Amount of Analyst CoverageFortrea has only been the subject of 2 research reports in the past 90 days.Read more about Fortrea's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.22% of the float of Fortrea has been sold short.Short Interest Ratio / Days to CoverFortrea has a short interest ratio ("days to cover") of 5.7.Change versus previous monthShort interest in Fortrea has recently increased by 0.22%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldFortrea does not currently pay a dividend.Dividend GrowthFortrea does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FTRE. Previous Next 3.5 News and Social Media Coverage News SentimentFortrea has a news sentiment score of 1.26. 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 higher news sentiment than the 0.36 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Fortrea this week, compared to 2 articles on an average week.Search Interest3 people have searched for FTRE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Fortrea insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.12% of the stock of Fortrea is held by insiders.Read more about Fortrea's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Fortrea are expected to grow by 91.51% in the coming year, from $1.06 to $2.03 per share.Price to Earnings Growth RatioFortrea has a PEG Ratio of 1.87. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortrea has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Fortrea's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchThings Are Not Normal in America – Here’s What to DoGet Out of the Dollar Before May 15 A Wall Street legend and our friend has just warned 896,000 Americans to prepare for May 15.This could be your solution. About Fortrea Stock (NASDAQ:FTRE)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.Read More FTRE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FTRE Stock News HeadlinesMay 9, 2024 | americanbankingnews.comFortrea Holdings Inc. (NASDAQ:FTRE) Given Consensus Recommendation of "Hold" by BrokeragesMay 6, 2024 | globenewswire.comFortrea Reschedules Release of First Quarter 2024 Financial Results and Conference CallMay 9, 2024 | InvestorPlace (Ad)1970’s computer coder Issues Shocking AI WarningLouis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.May 3, 2024 | americanbankingnews.comHead to Head Comparison: Fortrea (NASDAQ:FTRE) vs. Psychemedics (NASDAQ:PMD)April 30, 2024 | americanbankingnews.comFortrea (FTRE) to Release Earnings on TuesdayApril 28, 2024 | seekingalpha.comFTRE Fortrea Holdings Inc.April 11, 2024 | globenewswire.comFortrea Announces Date for First Quarter 2024 Financial Results and Conference CallApril 1, 2024 | seekingalpha.comLaboratory Corporation: A Healthier Diagnosis, As Pandemic Headwinds DisappearMay 9, 2024 | InvestorPlace (Ad)1970’s computer coder Issues Shocking AI WarningLouis Navellier has spent four decades building a billion-dollar empire on the back of big data and technology… Now he's stepping forward with a shocking warning about how AI will soon impact the wealth of everyday Americans.March 12, 2024 | finance.yahoo.comFortrea Holdings Full Year 2023 Earnings: EPS Misses ExpectationsMarch 12, 2024 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Healthcare Companies: Incyte (INCY), Fortrea Holdings Inc. (FTRE) and Abbott Labs (ABT)March 12, 2024 | msn.comFortrea Holdings Inc. (NASDAQ:FTRE) Q4 2023 Earnings Call TranscriptMarch 11, 2024 | msn.comStocks Close Mildly Lower on Caution Ahead of Tuesday’s U.S. CPI ReportMarch 11, 2024 | finanznachrichten.deFortrea Holdings Inc: Fortrea Signs Definitive Agreement to Divest Endpoint Clinical and Patient Access Businesses to Arsenal Capital PartnersMarch 11, 2024 | markets.businessinsider.comFortrea Posts Loss In Q4; To Divest Endpoint Clinical And Patient Access BusinessesMarch 11, 2024 | bizjournals.comFortrea sells business units to PE firm for $345 millionMarch 11, 2024 | finance.yahoo.comFTRE Mar 2024 22.500 putMarch 11, 2024 | finance.yahoo.comFortrea Holdings Inc (FTRE) Reports Mixed 2023 Results and Sets 2024 GuidanceMarch 11, 2024 | seekingalpha.comFortrea Holdings Inc. 2023 Q4 - Results - Earnings Call PresentationMarch 11, 2024 | globenewswire.comFortrea Signs Definitive Agreement to Divest Endpoint Clinical and Patient Access Businesses to Arsenal Capital PartnersMarch 11, 2024 | globenewswire.comFortrea Reports Fourth Quarter and Full-Year 2023 Results; Issues Full-Year 2024 GuidanceMarch 11, 2024 | finance.yahoo.comFTRE Mar 2024 30.000 putMarch 6, 2024 | markets.businessinsider.comKey Takeaways From Fortrea Holdings Analyst RatingsFebruary 29, 2024 | finance.yahoo.comFortrea Holdings Inc (K67.DU)February 23, 2024 | finance.yahoo.comWith A 3.9% Return On Equity, Is Fortrea Holdings Inc. (NASDAQ:FTRE) A Quality Stock?February 21, 2024 | investorplace.comWall Street Favorites: 3 Biotech Stocks With Strong Buy Ratings for February 2024February 20, 2024 | finanznachrichten.deFortrea Holdings Inc: Fortrea Increases Patient Access Capabilities and Cold Chain Expertise with FortreaRx ExpansionSee More Headlines Receive FTRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Fortrea and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/11/2024Today5/09/2024Next Earnings (Confirmed)5/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorMedical Industry Medical laboratories Sub-IndustryN/A Current SymbolNASDAQ:FTRE CUSIPN/A CIK1965040 Webwww.fortrea.com Phone877-495-0816FaxN/AEmployees18,000Year FoundedN/APrice Target and Rating Average Stock Price Target$37.29 High Stock Price Target$44.00 Low Stock Price Target$27.00 Potential Upside/Downside+5.0%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E Ratio33.49 P/E Growth1.87Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio0.90 Current Ratio1.62 Quick Ratio1.62 Sales & Book Value Annual Sales$3.11 billion Price / Sales1.02 Cash Flow$2.36 per share Price / Cash Flow15.04 Book Value$19.58 per share Price / Book1.81Miscellaneous Outstanding Shares89,370,000Free Float89,267,000Market Cap$3.17 billion OptionableOptionable BetaN/A 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. Thomas H. Pike (Age 65)CEO, President & Chairman Comp: $2.19MMs. Jill McConnell (Age 49)Chief Financial Officer Comp: $735.39kMr. Mark A. Morais (Age 47)COO & President of Clinical Services Comp: $732.47kAmanda M. WarrenChief Accounting OfficerMs. Hima B. InguvaHead of Investor Relations & Corporate DevelopmentStillman HansonGeneral Counsel & Corporate SecretaryDr. John J. DoylePresident of ConsultingMore ExecutivesKey CompetitorsRadNetNASDAQ:RDNTGuardant HealthNASDAQ:GHVeracyteNASDAQ:VCYTViridian TherapeuticsNASDAQ:VRDNExact SciencesNASDAQ:EXASView All CompetitorsInsiders & InstitutionsFirst Eagle Investment Management LLCBought 169,882 shares on 5/9/2024Ownership: 0.301%Russell Investments Group Ltd.Bought 67,865 shares on 5/8/2024Ownership: 0.092%SP Asset Management LLCSold 634 shares on 5/8/2024Ownership: 0.014%ProShare Advisors LLCBought 524 shares on 5/8/2024Ownership: 0.009%Illinois Municipal Retirement FundBought 2,668 shares on 5/7/2024Ownership: 0.059%View All Insider TransactionsView All Institutional Transactions FTRE Stock Analysis - Frequently Asked Questions Should I buy or sell Fortrea stock right now? 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortrea in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FTRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTRE, but not buy additional shares or sell existing shares. View FTRE analyst ratings or view top-rated stocks. What is Fortrea's stock price target for 2024? 8 equities research analysts have issued 12 month target prices for Fortrea's stock. Their FTRE share price targets range from $27.00 to $44.00. On average, they anticipate the company's stock price to reach $37.29 in the next year. This suggests a possible upside of 3.7% from the stock's current price. View analysts price targets for FTRE or view top-rated stocks among Wall Street analysts. How have FTRE shares performed in 2024? Fortrea's stock was trading at $34.90 at the beginning of 2024. Since then, FTRE shares have increased by 3.0% and is now trading at $35.94. View the best growth stocks for 2024 here. Are investors shorting Fortrea? Fortrea saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 4,650,000 shares, a decline of 12.4% from the March 15th total of 5,310,000 shares. Based on an average daily trading volume, of 885,900 shares, the days-to-cover ratio is currently 5.2 days. Currently, 5.2% of the company's stock are short sold. View Fortrea's Short Interest. When is Fortrea's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our FTRE earnings forecast. How were Fortrea's earnings last quarter? Fortrea Holdings Inc. (NASDAQ:FTRE) released its quarterly earnings data on Monday, March, 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.04. The company earned $775.40 million during the quarter, compared to analysts' expectations of $779.09 million. Fortrea's revenue was up 1.8% on a year-over-year basis. What ETFs hold Fortrea's stock? ETFs with the largest weight of Fortrea (NASDAQ:FTRE) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), Invesco S&P SmallCap Health Care ETF (PSCH), Invesco S&P Spin-Off ETF (CSD), iShares Factors US Value Style ETF (STLV), BlackRock Large Cap Value ETF (BLCV), Brandes U.S. Small-Mid Cap Value ETF (BSMC), Brandes U.S. Value ETF (BUSA) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). What guidance has Fortrea issued on next quarter's earnings? Fortrea updated its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.1 billion-$3.2 billion, compared to the consensus revenue estimate of $3.2 billion. Who are Fortrea's major shareholders? Fortrea's stock is owned by a number of institutional and retail investors. Top institutional investors include Nordea Investment Management AB (1.10%), Penn Davis Mcfarland Inc. (0.64%), Principal Financial Group Inc. (0.54%), Mutual of America Capital Management LLC (0.41%), First Eagle Investment Management LLC (0.30%) and Jennison Associates LLC (0.18%). Insiders that own company stock include Peter M Neupert and Thomas Pike. 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. Compare Top Brokerages Here. This page (NASDAQ:FTRE) was last updated on 5/9/2024 by MarketBeat.com Staff From Our PartnersDems have chosen Biden replacement?Paradigm PressThis 1 Biotech Stock has been shocking the marketsHuge Alerts1970’s computer coder Issues Shocking AI WarningInvestorPlaceDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe A.I. story nobody is telling you (Read ASAP)TradeSmithTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeThe Crypto 9-5 Escape PlanCrypto 101 Media Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Fortrea Holdings Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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