Evercore ISI downgraded Fortrea from Outperform to In-line and set a new price target of $27.00 from $31.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/4/2025 | $9.00 | Neutral → Outperform | Robert W. Baird |
| 5/2/2025 | $7.00 | Hold | Truist |
| 4/10/2025 | $6.00 | Equal Weight → Underweight | Barclays |
| 12/11/2024 | $30.00 → $23.00 | Buy → Neutral | Citigroup |
| 12/6/2024 | $28.00 → $25.00 | Outperform → Neutral | Robert W. Baird |
| 9/25/2024 | $25.00 → $21.00 | Buy → Hold | Jefferies |
| 8/8/2024 | $31.00 → $27.00 | Outperform → In-line | Evercore ISI |
| 7/24/2024 | $30.00 | Equal Weight | Barclays |
4 - Fortrea Holdings Inc. (0001965040) (Issuer)
4 - Fortrea Holdings Inc. (0001965040) (Issuer)
4 - Fortrea Holdings Inc. (0001965040) (Issuer)
For the three months ended June 30, 2025, from continuing operations: Revenues of $710.3 millionGAAP net loss of $(374.9) million, inclusive of a non-cash goodwill impairment chargeAdjusted EBITDA of $54.9 millionGAAP and adjusted net (loss) income per diluted share of $(4.14) and $0.19, respectivelyBook-to-bill ratio of 0.79x, resulting in 1.10x book-to-bill for the trailing 12 monthsCost saving initiatives remain on trackRaising 2025 revenue guidance to a range of $2,600 million to $2,700 million; affirming 2025 adjusted EBITDA guidance DURHAM, N.C., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Fortrea (NASDAQ:FTRE) (the "Company"), a leading global contract research organization (CRO), today rep
DURHAM, N.C., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Fortrea (NASDAQ:FTRE), a leading global contract research organization (CRO), today announced the appointment of Tracy Krumme as senior vice president, investor relations, succeeding Hima Inguva in this role, who has decided to pursue other career opportunities. Krumme will report to Chief Financial Officer, Jill McConnell, and lead Fortrea's global investor relations strategy, serving as a key liaison to the investment community. "Tracy is a seasoned executive with the strategic mindset and investor acumen needed as Fortrea enters its next chapter," said McConnell. "She brings not only deep capital markets expertise but also integrity, insi
DURHAM, N.C., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Fortrea (NASDAQ:FTRE) (the "Company"), a leading global contract research organization (CRO), today announced that it issued grants of employment inducement awards to Anshul Thakral, the Company's recently appointed President and Chief Executive Officer, as an inducement material to Mr. Thakral becoming a new employee of the Company. The grants were previously approved by the independent members of the Company's Board of Directors and were made in connection with Mr. Thakral's start date with the Company on August 4, 2025 (the "Effective Date"). The awards consisted of (i) 1,250,000 performance share units ("PSUs") that will vest, if at all,
4 - Fortrea Holdings Inc. (0001965040) (Issuer)
4 - Fortrea Holdings Inc. (0001965040) (Issuer)
3 - Fortrea Holdings Inc. (0001965040) (Issuer)
Robert W. Baird upgraded Fortrea from Neutral to Outperform and set a new price target of $9.00
Truist initiated coverage of Fortrea with a rating of Hold and set a new price target of $7.00
Barclays downgraded Fortrea from Equal Weight to Underweight and set a new price target of $6.00
SCHEDULE 13G - Fortrea Holdings Inc. (0001965040) (Subject)
SCHEDULE 13G - Fortrea Holdings Inc. (0001965040) (Subject)
10-Q - Fortrea Holdings Inc. (0001965040) (Filer)
For the three months ended June 30, 2025, from continuing operations: Revenues of $710.3 millionGAAP net loss of $(374.9) million, inclusive of a non-cash goodwill impairment chargeAdjusted EBITDA of $54.9 millionGAAP and adjusted net (loss) income per diluted share of $(4.14) and $0.19, respectivelyBook-to-bill ratio of 0.79x, resulting in 1.10x book-to-bill for the trailing 12 monthsCost saving initiatives remain on trackRaising 2025 revenue guidance to a range of $2,600 million to $2,700 million; affirming 2025 adjusted EBITDA guidance DURHAM, N.C., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Fortrea (NASDAQ:FTRE) (the "Company"), a leading global contract research organization (CRO), today rep
DURHAM, N.C., July 16, 2025 (GLOBE NEWSWIRE) -- Fortrea (NASDAQ:FTRE) (the "Company"), a leading global contract research organization (CRO), today announced that it will release its second quarter 2025 financial results before the market opens on Wednesday, August 6, 2025. Fortrea will host a conference call at 8:00 am ET that day to review its financial results and conduct a question-and-answer session. To participate in the earnings call, participants should register online at the Fortrea Investor Relations website. To avoid potential delays, please join at least 10 minutes prior to the start of the call. The conference call can also be accessed through the following earnings webca
DURHAM, N.C., June 12, 2025 (GLOBE NEWSWIRE) -- Fortrea (NASDAQ:FTRE) (the "Company"), a leading global contract research organization (CRO), today announced that its Board of Directors (the "Board") has unanimously adopted a limited-duration stockholder rights plan ("Rights Plan") to protect the best interests of all Fortrea stockholders. The Rights Plan is effective immediately and will expire on June 10, 2026, unless terminated earlier by the Board. The Rights Plan is intended to enable the Company's stockholders to realize the long-term value of their investment, ensure that all stockholders receive fair and equal treatment in the event of any proposed takeover of the Company, and to
SC 13G - Fortrea Holdings Inc. (0001965040) (Subject)
SC 13D/A - Fortrea Holdings Inc. (0001965040) (Subject)
SC 13D/A - Fortrea Holdings Inc. (0001965040) (Subject)
DURHAM, N.C., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Fortrea (NASDAQ:FTRE), a leading global contract research organization (CRO), today announced the appointment of Tracy Krumme as senior vice president, investor relations, succeeding Hima Inguva in this role, who has decided to pursue other career opportunities. Krumme will report to Chief Financial Officer, Jill McConnell, and lead Fortrea's global investor relations strategy, serving as a key liaison to the investment community. "Tracy is a seasoned executive with the strategic mindset and investor acumen needed as Fortrea enters its next chapter," said McConnell. "She brings not only deep capital markets expertise but also integrity, insi
DURHAM, N.C., Feb. 20, 2025 (GLOBE NEWSWIRE) -- The Society for Clinical Research Sites (SCRS) and Fortrea (NASDAQ:FTRE), a leading global contract research organization (CRO), are pleased to announce Fortrea's sponsorship of the SCRS Collaborate Forward working group. Comprising 16 leading Global Impact Partner organizations, the Collaborate Forward working group will explore and develop best practices to reduce administrative burdens across the clinical research ecosystem. The group is committed to fostering transparency and collaboration to tackle challenges faced by clinical research sites. By improving internal processes, it aims to make sites more sustainable and trials more efficie
SAN DIEGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Maravai LifeSciences Holdings, Inc. ("Maravai" or the "Company") (NASDAQ:MRVI), a global provider of life science reagents and services to researchers and biotech innovators, announced that Carl Hull will retire from his position as Executive Chairman of the Board and that the Board of Directors has unanimously elected R. Andrew Eckert to succeed him as Chairman of the Board, effective December 5, 2024. Carl Hull founded Maravai in 2014 and served as Chief Executive Officer, assuming the role of Executive Chairman in October 2022. "Leading Maravai has been the single most rewarding experience in my career. I am extremely proud of what we have