William Blair Issues Negative Estimate for Fortrea Earnings

Fortrea Holdings Inc. (NASDAQ:FTRE) – William Blair lowered their Q4 2025 EPS estimates for shares of Fortrea in a research note issued on Monday, March 3rd. William Blair analyst M. Smock now expects that the company will earn $0.39 per share for the quarter, down from their prior estimate of $0.47. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Fortrea’s current full-year earnings is $0.51 per share.

Several other equities research analysts have also recently issued reports on FTRE. Baird R W cut shares of Fortrea from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 6th. TD Cowen raised their price target on shares of Fortrea from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays decreased their price objective on Fortrea from $25.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group cut their target price on Fortrea from $22.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Robert W. Baird downgraded Fortrea from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $28.00 to $25.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat, Fortrea currently has an average rating of “Hold” and a consensus price target of $20.30.

Fortrea Stock Down 0.6 %

NASDAQ FTRE opened at $10.89 on Wednesday. The business’s fifty day simple moving average is $16.66 and its 200-day simple moving average is $19.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm has a market cap of $976.83 million, a PE ratio of -3.18, a P/E/G ratio of 1.78 and a beta of 1.34. Fortrea has a 52 week low of $9.55 and a 52 week high of $41.02.

Fortrea (NASDAQ:FTRE) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.18). The company had revenue of $697.00 million for the quarter, compared to analysts’ expectations of $703.22 million. Fortrea had a positive return on equity of 2.00% and a negative net margin of 10.99%. During the same quarter in the previous year, the business posted $0.19 EPS.

Insider Activity

In related news, CEO Thomas Pike sold 11,268 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $18.04, for a total transaction of $203,274.72. Following the completion of the transaction, the chief executive officer now directly owns 159,868 shares in the company, valued at $2,884,018.72. This trade represents a 6.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 12,386 shares of company stock valued at $219,751. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Fortrea

A number of institutional investors and hedge funds have recently bought and sold shares of FTRE. Vanguard Group Inc. grew its holdings in shares of Fortrea by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 9,884,256 shares of the company’s stock valued at $184,341,000 after purchasing an additional 120,599 shares in the last quarter. Starboard Value LP grew its stake in shares of Fortrea by 5.0% in the third quarter. Starboard Value LP now owns 8,400,000 shares of the company’s stock worth $168,000,000 after acquiring an additional 400,000 shares in the last quarter. FMR LLC grew its stake in shares of Fortrea by 67.7% in the fourth quarter. FMR LLC now owns 8,086,806 shares of the company’s stock worth $150,819,000 after acquiring an additional 3,265,402 shares in the last quarter. Sessa Capital IM L.P. increased its position in shares of Fortrea by 2.3% during the third quarter. Sessa Capital IM L.P. now owns 6,908,044 shares of the company’s stock worth $138,161,000 after acquiring an additional 158,044 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Fortrea by 5,021,169.7% in the third quarter. Pacer Advisors Inc. now owns 6,125,949 shares of the company’s stock valued at $122,519,000 after acquiring an additional 6,125,827 shares in the last quarter.

About Fortrea

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.