Analysts Expect Forrester Research, Inc. (NASDAQ:FORR) Will Post Quarterly Sales of $79.01 Million
Brokerages expect that Forrester Research, Inc. (NASDAQ:FORR) will announce sales of $79.01 million for the current quarter, according to Zacks. Two analysts have made estimates for Forrester Research’s earnings. The lowest sales estimate is $78.90 million and the highest is $79.11 million. Forrester Research reported sales of $77.43 million in the same quarter last year, which indicates a positive year over year growth rate of 2%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Forrester Research will report full-year sales of $79.01 million for the current financial year, with estimates ranging from $328.05 million to $330.80 million. For the next year, analysts forecast that the business will report sales of $347.57 million per share, with estimates ranging from $344.20 million to $350.93 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Forrester Research.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The company had revenue of $89.70 million for the quarter, compared to analyst estimates of $87.51 million. Forrester Research had a net margin of 5.49% and a return on equity of 12.67%. Forrester Research’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share.
FORR has been the topic of several recent research reports. Zacks Investment Research raised shares of Forrester Research from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. BidaskClub raised shares of Forrester Research from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th.
Forrester Research (NASDAQ FORR) opened at 40.40 on Monday. The company’s 50-day moving average is $39.97 and its 200 day moving average is $39.37. Forrester Research has a one year low of $34.95 and a one year high of $44.40. The stock has a market capitalization of $716.62 million, a price-to-earnings ratio of 41.22 and a beta of 0.42.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.88%. The ex-dividend date is Tuesday, September 5th. Forrester Research’s payout ratio is currently 77.55%.
In related news, Director George Hornig sold 11,288 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $39.68, for a total transaction of $447,907.84. Following the sale, the director now directly owns 14,765 shares of the company’s stock, valued at approximately $585,875.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gretchen Teichgraeber sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $39.44, for a total transaction of $39,440.00. Following the sale, the director now directly owns 11,270 shares in the company, valued at $444,488.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,487 shares of company stock worth $2,332,704. 46.60% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in FORR. Norges Bank purchased a new stake in shares of Forrester Research during the fourth quarter worth approximately $10,997,000. Ballentine Partners LLC purchased a new stake in shares of Forrester Research during the second quarter worth approximately $10,365,000. Vanguard Group Inc. increased its stake in shares of Forrester Research by 4.0% in the first quarter. Vanguard Group Inc. now owns 917,062 shares of the technology company’s stock worth $36,453,000 after buying an additional 35,510 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Forrester Research by 16.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 239,637 shares of the technology company’s stock worth $9,526,000 after buying an additional 34,540 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of Forrester Research during the fourth quarter worth approximately $1,007,000. 53.36% of the stock is currently owned by hedge funds and other institutional investors.
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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