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FTRE Overview

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$
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0.000(0.000%)
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0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
18.170
Open
18.085
VWAP
17.51
Vol
1.23M
Mkt Cap
1.65B
Low
16.890
Amount
21.53M
EV/EBITDA(TTM)
34.23
Total Shares
94.60M
EV
2.60B
EV/OCF(TTM)
11.76
P/S(TTM)
0.61
Fortrea Holdings Inc. is a global contract research organization (CRO), which provides clinical development solutions to the life sciences industry. The Company is engaged in providing biopharmaceutical product and medical device development services to pharmaceutical, biotechnology and medical device customers. The Company offers customers flexible delivery models that include full service, functional service provider, and hybrid service structures. It provides phase I-IV clinical trial management, clinical pharmacology and consulting services. The Company manages its business through a single segment, Clinical Services, that provides services across the clinical pharmacology and clinical development spectrum. The Company has access to all key markets worldwide through a footprint of primary office locations in five countries (the United States, the United Kingdom, China, India and Singapore) with field operations in other jurisdictions worldwide.
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Events Timeline

(ET)
2026-06-26
09:30:00
Nasdaq Futures Decline as Tech Stocks Weaken
select
2026-06-26
07:30:00
Fortrea Appoints Jason Knoblauch as CFO
select

News

seekingalpha
5.0
06-26seekingalpha
Fortrea Appoints New CFO Jason Knoblauch Effective July 2026
  • Executive Change: Fortrea has appointed Jason Knoblauch as CFO, effective July 6, 2026, transitioning from his previous role at Clario, which is expected to bring a fresh financial strategy to the company following Jill McConnell's departure.
  • Guidance Reaffirmation: The company reiterated its 2026 financial guidance, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA projected between $190 million and $220 million, reflecting confidence in its future performance.
  • Earnings Beat: Fortrea reported a non-GAAP EPS of $0.16, exceeding expectations by $0.11, and revenue of $636.5 million, surpassing market forecasts by $10.56 million, indicating strong competitive positioning and profitability.
  • Positive Market Reaction: The appointment of the new CFO and reaffirmation of financial guidance have led to optimistic market sentiment towards Fortrea's future performance, potentially boosting investor confidence and driving stock price appreciation.
NASDAQ.COM
5.0
06-26NASDAQ.COM
Fortrea Holdings Appoints New CFO Jason Knoblauch
  • Executive Appointment: Fortrea Holdings announced that Jason Knoblauch will become CFO on July 6, 2026, succeeding Jill McConnell, ensuring a smooth transition in financial management and enhancing investor confidence.
  • Extensive Experience: Prior to joining Fortrea, Knoblauch served as CFO at Clario, bringing valuable financial management experience from the clinical trials industry, and previously held the CFO position at Curia, which adds depth to his industry insights.
  • IPO Background: Knoblauch's experience includes financial leadership roles at Pharmaceutical Product Development (PPD), where he was part of the team that successfully led the company to an IPO in 2020, showcasing his capability in driving company growth and capital market operations.
  • Financial Outlook: Fortrea reiterates its guidance for 2026, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA expected to range from $190 million to $220 million, indicating the company's confidence in future growth.
Newsfilter
5.0
06-26Newsfilter
Fortrea Appoints New Chief Financial Officer
  • Executive Transition: Fortrea announced the appointment of Jason Knoblauch as Chief Financial Officer effective July 6, 2026, succeeding Jill McConnell, who played a pivotal role in establishing the company as a leading independent CRO, highlighting the importance of strong leadership during this transition.
  • Leadership Experience: Knoblauch brings extensive industry experience from his role as CFO at Clario and previous positions at Curia and PPD, where he was instrumental in leading PPD to a successful IPO, suggesting his potential to drive strategic growth at Fortrea.
  • Financial Guidance Reaffirmed: Fortrea reiterated its 2026 financial guidance, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA projected between $190 million and $220 million, reflecting the company's confidence in its future performance.
  • Industry Positioning: As a leading global provider of clinical development solutions, Fortrea partners with biopharmaceutical and medical device companies to drive healthcare innovation, and Knoblauch's addition is expected to enhance the company's competitive edge and client service capabilities.
Yahoo Finance
2.0
06-25Yahoo Finance
Significant Stock Movements for Multiple Companies
  • Fortrea Stock Surge: Clinical research firm Fortrea Holdings saw a 4.6% increase in stock price on Wednesday after Barclays raised its price target from $16 to $18 while maintaining an Equal Weight rating, thereby boosting market confidence in its future performance.
  • Kura Sushi Partnership: Sushi chain Kura Sushi's stock rose by 5.7% on Wednesday following the announcement of a partnership with global interactive entertainment brand HoYoverse, a move expected to enhance brand visibility and attract more customers.
  • Energizer Shareholder Confidence: Energizer, a battery and lighting company, experienced a 5.1% stock increase on Wednesday after major shareholder Aqua Capital, Ltd. disclosed a significant stock purchase, signaling confidence in the battery maker's future growth.
  • Bath and Body Works Expansion: Personal care and home fragrance retailer Bath & Body Works saw a 3.5% rise in stock price on Wednesday after announcing a partnership with Ulta Beauty to sell its products in Ulta stores, which is expected to expand market reach and boost sales.
Newsfilter
1.0
06-02Newsfilter
Fortrea CEO to Participate in Healthcare Conference
  • Executive Participation: Fortrea's CEO Anshul Thakral, CFO Jill McConnell, and SVP of Investor Relations Tracy Krumme will participate in the Jefferies Global Healthcare Conference on June 4, 2026, highlighting the company's leadership in the life sciences sector.
  • Conference Format and Timing: The event will take place in a fireside chat format at 8:45 AM EDT, expected to attract significant investor interest in Fortrea's latest developments and strategic direction.
  • Investor Interaction Opportunities: Fortrea encourages investors to engage in one-on-one or group meetings through Jefferies representatives, aiming to discuss the company's business model and market outlook, thereby enhancing investor confidence and promoting capital inflow.
  • Company Background Overview: As a leading global contract research organization, Fortrea boasts over 30 years of experience in clinical development solutions across more than 20 therapeutic areas, dedicated to accelerating the development of innovative therapies to improve patient outcomes.
NASDAQ.COM
8.5
05-29NASDAQ.COM
SciSparc Receives Approval to Acquire Stake in Israeli Tech Firm
  • Acquisition Approval: SciSparc Ltd. (SPRC) received regulatory approval from the TSX Venture Exchange for its subsidiary NeuroThera Labs to acquire approximately 54% of CliniQuantum, valued at about $9.46 million, which is expected to enhance its competitive edge in clinical trial data analysis.
  • Stock Surge: SPRC's shares soared nearly 140% to close at $10.55 on Thursday, reflecting strong market enthusiasm for its acquisition plans, which may attract further investor interest in its future growth prospects.
  • Ebola Testing Progress: Co-Diagnostics Inc. (CODX) saw its stock rally over 50% for the third consecutive day amid the Ebola outbreak, indicating the effectiveness of its PCR assay strategy, which is likely to bolster the company's influence in public health.
  • Clinical Trial Initiation: MiNK Therapeutics (INKT) dosed its first patient in a randomized phase 2 trial for acute lung injury, leading to an 18% stock increase, and this advancement could provide crucial data support for its future treatment options, strengthening its market position.
Wall Street analysts forecast FTRE stock price to rise
8 Analyst Rating
Wall Street analysts forecast FTRE stock price to rise
3 Buy
4 Hold
1 Sell
Hold
Current: 0.000
sliders
Low
7.00
Averages
15.33
High
25.00
Current: 0.000
sliders
Low
7.00
Averages
15.33
High
25.00
Barclays
Luke Sergott
Equal Weight
maintain
$16 -> $18
AI Analysis
2026-06-24
Reason
Barclays
Luke Sergott
Price Target
$16 -> $18
AI Analysis
2026-06-24
maintain
Equal Weight
Reason
Barclays analyst Luke Sergott raised the firm's price target on Fortrea to $18 from $16 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the life science and diagnostic tools space as part of a Q2 preview. Tools are "gaining favor among healthcare subsectors," a trend that is likely to continue into earnings, the analyst tells investors in a research note. Barclays expects in-line to modest beats in Q2 for the group.
Mizuho
Neutral
maintain
$11 -> $13
2026-05-12
Reason
Mizuho
Price Target
$11 -> $13
2026-05-12
maintain
Neutral
Reason
Mizuho raised the firm's price target on Fortrea to $13 from $11 and keeps a Neutral rating on the shares.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for FTRE
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Valuation Metrics

The current forward P/E ratio for Fortrea Holdings Inc (FTRE.O) is 13.74, compared to its 5-year average forward P/E of 23.63. For a more detailed relative valuation and DCF analysis to assess Fortrea Holdings Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
23.63
Current PE
13.74
Overvalued PE
39.60
Undervalued PE
7.66

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
11.84
Current EV/EBITDA
28.22
Overvalued EV/EBITDA
17.49
Undervalued EV/EBITDA
6.20

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.63
Current PS
0.61
Overvalued PS
0.93
Undervalued PS
0.34

Financials

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Whales Holding FTRE

C
Corvex Management LP
Holding
FTRE
+20.22%
3M Return
A
Ausbil Investment Management Limited
Holding
FTRE
+0.43%
3M Return

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Frequently Asked Questions

What is Fortrea Holdings Inc (FTRE) stock price today?

The current price of FTRE is 17.48 USD — it has decreased -2.07

What is Fortrea Holdings Inc (FTRE)'s business?

Fortrea Holdings Inc. is a global contract research organization (CRO), which provides clinical development solutions to the life sciences industry. The Company is engaged in providing biopharmaceutical product and medical device development services to pharmaceutical, biotechnology and medical device customers. The Company offers customers flexible delivery models that include full service, functional service provider, and hybrid service structures. It provides phase I-IV clinical trial management, clinical pharmacology and consulting services. The Company manages its business through a single segment, Clinical Services, that provides services across the clinical pharmacology and clinical development spectrum. The Company has access to all key markets worldwide through a footprint of primary office locations in five countries (the United States, the United Kingdom, China, India and Singapore) with field operations in other jurisdictions worldwide.

What is the price predicton of FTRE Stock?

Wall Street analysts forecast FTRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTRE is15.33 USD with a low forecast of 7.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Fortrea Holdings Inc (FTRE)'s revenue for the last quarter?

Fortrea Holdings Inc revenue for the last quarter amounts to 636.50M USD, decreased -2.27

What is Fortrea Holdings Inc (FTRE)'s earnings per share (EPS) for the last quarter?

Fortrea Holdings Inc. EPS for the last quarter amounts to -0.25 USD, decreased -96.00

How many employees does Fortrea Holdings Inc (FTRE). have?

Fortrea Holdings Inc (FTRE) has 14300 emplpoyees as of July 08 2026.

What is Fortrea Holdings Inc (FTRE) market cap?

Today FTRE has the market capitalization of 1.65B USD.