Fortrea Holdings Inc. (FTRE)

NASDAQ: FTRE · Real-Time Price · USD
18.70
+1.01 (5.71%)
Jan 21, 2025, 4:00 PM EST - Market closed
5.71%
Market Cap 1.68B
Revenue (ttm) 2.98B
Net Income (ttm) -300.00M
Shares Out 89.70M
EPS (ttm) -3.36
PE Ratio n/a
Forward PE 15.65
Dividend n/a
Ex-Dividend Date n/a
Volume 674,957
Open 17.88
Previous Close 17.69
Day's Range 17.64 - 18.81
52-Week Range 16.53 - 41.02
Beta n/a
Analysts Hold
Price Target 23.30 (+24.6%)
Earnings Date Mar 10, 2025

About 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... [Read more]

Industry Biotechnology
Sector Healthcare
Founded 1996
Employees 18,000
Stock Exchange NASDAQ
Ticker Symbol FTRE
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for FTRE stock is "Hold." The 12-month stock price forecast is $23.3, which is an increase of 24.60% from the latest price.

Price Target
$23.3
(24.60% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Fortrea: Turning Around As The Activists Move In

Fortrea, a recent Labcorp spin-off, is poised for recovery with strong bookings, industry inflection, and activist interest, despite a 46% stock drop in 2024. CEO Thomas Pike's proven track record and...

26 days ago - Seeking Alpha

Fortrea to Present at the Evercore HealthCONx Conference

DURHAM, N.C., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced that Chairman and Chief Executive Officer, Tom Pike and C...

2 months ago - GlobeNewsWire

Fortrea to Present at the Citi Global Healthcare Conference

DURHAM, N.C., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced that Chairman and Chief Executive Officer, Tom Pike and C...

2 months ago - GlobeNewsWire

Fortrea Holdings, Inc. (FTRE) Q3 2024 Earnings Call Transcript

Fortrea Holdings, Inc. (NASDAQ:FTRE) Q3 2024 Earnings Conference Call November 8, 2024 8:00 AM ET Company Participants Hima Inguva - Head, IR & Corporate Development Tom Pike - CEO Jill McConnell - C...

2 months ago - Seeking Alpha

Fortrea Reports Third Quarter 2024 Results

For the three months ended September 30, 2024, from continuing operations: Revenues of $674.9 million GAAP net loss of $(18.5) million Adjusted EBITDA of $64.2 million GAAP and adjusted net income (lo...

2 months ago - GlobeNewsWire

Fortrea Releases Inaugural Corporate Social Responsibility Report

DURHAM, N.C., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced the release of the company's inaugural Corporate Social R...

3 months ago - GlobeNewsWire

Fortrea Announces Date for Third Quarter 2024 Financial Results and Conference Call

DURHAM, N.C., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (“CRO”), today announced that it will release its third quarter ...

3 months ago - GlobeNewsWire

Bronstein, Gewirtz & Grossman, LLC Encourages Fortrea Holdings Inc. (FTRE) Shareholders to Inquire about Securities Investigation

NEW YORK CITY, NY / ACCESSWIRE / October 11, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company") (...

3 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Is Investigating Fortrea Holdings Inc. (FTRE) And Encourages Shareholders to Connect

NEW YORK CITY, NY / ACCESSWIRE / October 10, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company") (...

3 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Encourages Fortrea Holdings Inc. (FTRE) Stockholders to Inquire about Securities Investigation

NEW YORK CITY, NY / ACCESSWIRE / October 9, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company") (N...

3 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Fortrea Holdings Inc. (FTRE) and Encourages Investors to Learn More About the Investigation

NEW YORK CITY, NY / ACCESSWIRE / October 8, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company") (N...

3 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Fortrea Holdings Inc. (FTRE) And Encourages Investors to Reach Out

NEW YORK CITY, NY / ACCESSWIRE / October 7, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company") (N...

3 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Fortrea Holdings Inc. (FTRE) And Encourages Stockholders to Reach Out

NEW YORK CITY, NY / ACCESSWIRE / October 6, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company") (N...

3 months ago - Accesswire

Fortrea Holdings Inc. (FTRE) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation

NEW YORK CITY, NY / ACCESSWIRE / October 2, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company") (N...

3 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Is Investigating Fortrea Holdings Inc. (FTRE) And Encourages Investors to Connect

NEW YORK CITY, NY / ACCESSWIRE / September 30, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company")...

4 months ago - Accesswire

Bronstein, Gewirtz & Grossman, LLC Encourages Fortrea Holdings Inc. (FTRE) Investors to Inquire about Securities Investigation

NEW YORK CITY, NY / ACCESSWIRE / September 27, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fortrea Holdings Inc. ("Fortrea" or "the Company")...

4 months ago - Accesswire

Fortrea Holdings: Continued Troubles

Fortrea Holdings Inc., a contract research organization, faces challenges including flattish sales, lack of earnings, and substantial leverage. Despite divesting assets to reduce leverage, the company...

5 months ago - Seeking Alpha

Fortrea Holdings Inc. (FTRE) Q2 2024 Earnings Call Transcript

Fortrea Holdings Inc. (NASDAQ:FTRE) Q2 2024 Results Conference Call August 12, 2024 9:00 AM ET Company Participants Hima Inguva - Head of Investor Relations, Corporate Development Tom Pike - Chairman...

5 months ago - Seeking Alpha

Fortrea Reports Second Quarter 2024 Results

For the three months ended June 30, 2024, from continuing operations: Revenues of $662.4 million GAAP net loss of $(99.3) million Adjusted EBITDA of $55.2 million GAAP and adjusted diluted loss per sh...

5 months ago - GlobeNewsWire

Fortrea Announces Date for Second Quarter 2024 Financial Results and Conference Call

DURHAM, N.C., July 17, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced that it will release its second quarter 2...

6 months ago - GlobeNewsWire

Fortrea Appoints Robert Parks as Chief Accounting Officer

DURHAM, N.C., July 11, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced that Robert “Bobby” Parks has been appointed as chief acc...

6 months ago - GlobeNewsWire

Fortrea Launches AI Innovation Studio to Galvanize Technology and Human Solutions to Improve Clinical Trial Delivery

DURHAM, N.C., June 27, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced the launch of its artificial intelligence (AI) Innovation...

7 months ago - GlobeNewsWire

Fortrea to Participate in Virtual Fireside Chat with Evercore ISI

DURHAM, N.C., June 19, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced that Chief Financial Officer Jill McConnell will particip...

7 months ago - GlobeNewsWire

Fortrea Completes Divestiture of Endpoint Clinical and Patient Access Businesses to Arsenal Capital Partners

DURHAM, N.C., June 04, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) a leading global contract research organization (“CRO”), today announced it has completed the divestiture of assets relating to i...

8 months ago - GlobeNewsWire

Fortrea to Present at the Jefferies Global Healthcare Conference

DURHAM, N.C., June 03, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced that Chairman and Chief Executive Officer, Tom Pike and C...

8 months ago - GlobeNewsWire