$87.54 Million in Sales Expected for Forrester Research, Inc. (NASDAQ:FORR) This Quarter
Equities research analysts predict that Forrester Research, Inc. (NASDAQ:FORR) will report $87.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Forrester Research’s earnings. The lowest sales estimate is $87.48 million and the highest is $87.60 million. Forrester Research reported sales of $87.82 million in the same quarter last year, which indicates a negative year over year growth rate of 0.3%. The company is expected to issue its next quarterly earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that Forrester Research will report full year sales of $87.54 million for the current fiscal year, with estimates ranging from $328.40 million to $329.36 million. For the next financial year, analysts expect that the firm will report sales of $346.99 million per share, with estimates ranging from $341.60 million to $352.38 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Forrester Research.
Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, April 26th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. Forrester Research had a return on equity of 13.85% and a net margin of 5.95%. The business had revenue of $77.20 million for the quarter, compared to analyst estimates of $76.38 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Forrester Research’s revenue was down .3% on a year-over-year basis.
Separately, Zacks Investment Research upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th.
In other news, Director Gretchen Teichgraeber sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $39.44, for a total transaction of $39,440.00. Following the completion of the sale, the director now owns 11,270 shares in the company, valued at approximately $444,488.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George Hornig sold 11,288 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $39.68, for a total transaction of $447,907.84. Following the sale, the director now owns 14,765 shares of the company’s stock, valued at approximately $585,875.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,487 shares of company stock valued at $2,291,454. 46.60% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Credit Suisse AG raised its stake in shares of Forrester Research by 2.8% in the first quarter. Credit Suisse AG now owns 13,050 shares of the technology company’s stock valued at $519,000 after buying an additional 352 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Forrester Research by 10.4% in the first quarter. Tudor Investment Corp ET AL now owns 6,715 shares of the technology company’s stock valued at $267,000 after buying an additional 631 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Forrester Research by 114.7% in the first quarter. Bank of America Corp DE now owns 16,317 shares of the technology company’s stock valued at $648,000 after buying an additional 8,716 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Forrester Research by 4.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 38,514 shares of the technology company’s stock valued at $1,531,000 after buying an additional 1,539 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Forrester Research by 2.6% in the first quarter. Renaissance Technologies LLC now owns 554,200 shares of the technology company’s stock valued at $22,029,000 after buying an additional 14,000 shares during the last quarter. Institutional investors own 53.61% of the company’s stock.
Shares of Forrester Research (NASDAQ FORR) opened at 39.95 on Friday. Forrester Research has a 12-month low of $34.95 and a 12-month high of $44.40. The company has a market cap of $708.63 million, a price-to-earnings ratio of 37.87 and a beta of 0.41. The company’s 50-day moving average price is $39.13 and its 200 day moving average price is $39.79.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, June 7th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 5th. This represents a $0.76 annualized dividend and a dividend yield of 1.90%. Forrester Research’s payout ratio is currently 72.38%.
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Forrester Research Company Profile
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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