NASDAQ:FTRE Fortrea (FTRE) Stock Price, News & Analysis → Shocking $16T Elon Musk Crypto Leak (From Crypto 101 Media) (Ad) Free FTRE Stock Alerts $27.55 -0.26 (-0.93%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$27.44▼$28.4250-Day Range$27.55▼$40.2852-Week Range$24.92▼$41.02Volume1.44 million shsAverage Volume1.51 million shsMarket Capitalization$2.46 billionP/E RatioN/ADividend YieldN/APrice Target$35.57 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 RatingModerate Buy2.67 Rating ScoreUpside/Downside29.1% Upside$35.57 Price TargetShort InterestBearish7.41% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.38Based on 35 Articles This WeekInsider TradingN/AProj. Earnings Growth91.09%From $1.01 to $1.93 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.3.02 out of 5 starsMedical Sector374th out of 921 stocksMedical Laboratories Industry9th out of 19 stocks 4.3 Analyst's Opinion Consensus RatingFortrea has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 5 buy ratings, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageFortrea has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Fortrea's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.41% of the float of Fortrea has been sold short.Short Interest Ratio / Days to CoverFortrea has a short interest ratio ("days to cover") of 7.8.Change versus previous monthShort interest in Fortrea has recently increased by 41.85%, indicating that investor sentiment is decreasing significantly. 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 3.0 News and Social Media Coverage News SentimentFortrea has a news sentiment score of 0.38. 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 0.48 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 35 news articles for Fortrea this week, compared to 3 articles on an average week.Search Interest2 people have searched for FTRE on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows2 people have added Fortrea to their MarketBeat watchlist in the last 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 91.09% in the coming year, from $1.01 to $1.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fortrea is -19.82, 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. SectorThe P/E ratio of Fortrea is -19.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioFortrea has a PEG Ratio of 1.75. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFortrea has a P/B Ratio of 1.54. 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. 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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 17 at 1:38 AM | americanbankingnews.comHead to Head Contrast: Elekta AB (publ) (OTCMKTS:EKTAY) vs. Fortrea (NASDAQ:FTRE)May 16 at 4:47 PM | bizjournals.comDurham spinout from Labcorp cuts revenue projectionsMay 16 at 4:05 PM | globenewswire.comFortrea Appoints Machelle Sanders to Board of DirectorsMay 16 at 5:48 AM | americanbankingnews.comFortrea (NASDAQ:FTRE) Price Target Cut to $31.00May 16 at 4:10 AM | americanbankingnews.comBank of America Lowers Fortrea (NASDAQ:FTRE) Price Target to $27.00May 16 at 3:30 AM | americanbankingnews.comFortrea (NASDAQ:FTRE) Stock Rating Upgraded by Robert W. BairdMay 16 at 2:32 AM | americanbankingnews.comFortrea (NASDAQ:FTRE) Stock Rating Upgraded by Baird R WMay 14, 2024 | msn.comBaird Upgrades Fortrea Holdings (FTRE)May 14, 2024 | msn.comThese Analysts Slash Their Forecasts On Fortrea Holdings After Q1 ResultsMay 14, 2024 | markets.businessinsider.comDemystifying Fortrea Holdings: Insights From 4 Analyst ReviewsMay 14, 2024 | finance.yahoo.comFortrea Holdings First Quarter 2024 Earnings: Misses ExpectationsMay 14, 2024 | finance.yahoo.comAn Intrinsic Calculation For Fortrea Holdings Inc. (NASDAQ:FTRE) Suggests It's 48% UndervaluedMay 14, 2024 | finance.yahoo.comFortrea Holdings Inc (FTRE) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...May 13, 2024 | investorplace.comFTRE Stock Earnings: Fortrea Holdings Misses EPS, Misses Revenue for Q1 2024May 13, 2024 | msn.comFortrea Holdings Non-GAAP EPS of -$0.04 misses by $0.04, revenue of $662.1M misses by $92.48MMay 13, 2024 | seekingalpha.comFortrea Holdings Inc. 2024 Q1 - Results - Earnings Call PresentationMay 13, 2024 | globenewswire.comFortrea Reports First Quarter 2024 ResultsMay 12, 2024 | seekingalpha.comFortrea Holdings: Still Many Question Marks On This CRO PlayMay 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 CallApril 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 DisappearMarch 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)See 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 Earnings5/13/2024Today5/18/2024Next Earnings (Estimated)8/12/2024Fiscal 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$35.57 High Stock Price Target$44.00 Low Stock Price Target$27.00 Potential Upside/Downside+29.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($1.39) Trailing P/E RatioN/A Forward P/E Ratio27.28 P/E Growth1.75Net Income$-3,400,000.00 Net Margins-4.11% Pretax Margin0.04% Return on Equity4.76% Return on Assets1.87% Debt Debt-to-Equity Ratio0.97 Current Ratio1.47 Quick Ratio1.62 Sales & Book Value Annual Sales$3.11 billion Price / Sales0.79 Cash Flow$2.46 per share Price / Cash Flow11.18 Book Value$17.93 per share Price / Book1.54Miscellaneous Outstanding Shares89,370,000Free Float89,267,000Market Cap$2.46 billion OptionableOptionable BetaN/A These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.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 CompetitorsVeracyteNASDAQ:VCYTGuardant HealthNASDAQ:GHViridian TherapeuticsNASDAQ:VRDNCareDxNASDAQ:CDNARadNetNASDAQ:RDNTView All CompetitorsInsiders & InstitutionsComerica BankSold 7,686 shares on 5/17/2024Ownership: 0.098%California State Teachers Retirement SystemSold 5,744 shares on 5/16/2024Ownership: 0.095%Ironvine Capital Partners LLCSold 7,982 shares on 5/16/2024Ownership: 0.094%Redwood Investment Management LLCSold 9,854 shares on 5/16/2024Ownership: 0.092%Silvercrest Asset Management Group LLCSold 2,247 shares on 5/16/2024Ownership: 0.020%View All Insider TransactionsView All Institutional Transactions FTRE Stock Analysis - Frequently Asked Questions Should I buy or sell Fortrea stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortrea in the last year. There are currently 1 sell rating, 2 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FTRE shares. View FTRE analyst ratings or view top-rated stocks. What is Fortrea's stock price target for 2024? 9 Wall Street analysts have issued 12-month price objectives for Fortrea's shares. Their FTRE share price targets range from $27.00 to $44.00. On average, they anticipate the company's share price to reach $35.57 in the next year. This suggests a possible upside of 29.1% 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 the year. Since then, FTRE shares have decreased by 21.1% and is now trading at $27.55. View the best growth stocks for 2024 here. When is Fortrea's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 12th 2024. View our FTRE earnings forecast. How were Fortrea's earnings last quarter? Fortrea Holdings Inc. (NASDAQ:FTRE) issued its quarterly earnings data on Monday, May, 13th. The company reported ($0.04) earnings per share for the quarter. The firm earned $662.10 million during the quarter, compared to analyst estimates of $754.58 million. Fortrea had a positive trailing twelve-month return on equity of 4.76% and a negative net margin of 4.11%. The business's revenue was down 4.6% compared to the same quarter last year. 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 Spin-Off ETF (CSD), Invesco S&P SmallCap Health Care ETF (PSCH), 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 Monday, May, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $3.1 billion. Who are Fortrea's major shareholders? Fortrea's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.09%), Nordea Investment Management AB (1.10%), Iron Triangle Partners LP (0.89%), Magnetar Financial LLC (0.68%), Penn Davis Mcfarland Inc. (0.64%) and Principal Financial Group Inc. (0.54%). 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. 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