Forrester Research Inc. (FORR) Announces Quarterly Dividend of $0.16
Forrester Research (NASDAQ:FORR) declared a quarterly dividend on Wednesday, July 30th, American Banking and Market News reports. Investors of record on Wednesday, September 3rd will be given a dividend of 0.16 per share on Wednesday, September 17th. This represents a $0.64 dividend on an annualized basis and a yield of 1.66%.
On the ratings front, analysts at Sidoti initiated coverage on shares of Forrester Research in a research note on Wednesday, July 16th. They set a “buy” rating on the stock.
Shares of Forrester Research (NASDAQ:FORR) traded up 0.83% during mid-day trading on Wednesday, hitting $38.85. 48,317 shares of the company’s stock traded hands. Forrester Research has a 52 week low of $32.15 and a 52 week high of $41.36. The stock’s 50-day moving average is $37.9 and its 200-day moving average is $37.04. The company has a market cap of $731.1 million and a price-to-earnings ratio of 74.24.
Forrester Research (NASDAQ:FORR) last released its earnings data on Wednesday, July 30th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $82.90 million for the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Forrester Research will post $0.98 EPS for the current fiscal year.
Forrester Research, Inc (NASDAQ:FORR) is an independent research company.
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