Analysts Expect Forrester Research, Inc. (FORR) Will Announce Earnings of $0.23 Per Share
Brokerages expect Forrester Research, Inc. (NASDAQ:FORR) to post earnings of $0.23 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Forrester Research’s earnings. Forrester Research reported earnings per share of $0.32 during the same quarter last year, which suggests a negative year-over-year growth rate of 28.1%. The firm is expected to report its next earnings report after the market closes on Wednesday, October 25th.
On average, analysts expect that Forrester Research will report full-year earnings of $1.18 per share for the current year, with EPS estimates ranging from $1.17 to $1.18. For the next year, analysts expect that the business will report earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.38. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Forrester Research.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. Forrester Research had a return on equity of 13.00% and a net margin of 5.49%. The company had revenue of $89.70 million for the quarter, compared to analysts’ expectations of $87.51 million. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year.
Several research analysts recently weighed in on FORR shares. BidaskClub raised Forrester Research from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Forrester Research from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
In related news, Director Henk Broeders sold 11,300 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $41.00, for a total value of $463,300.00. Following the transaction, the director now directly owns 28,762 shares of the company’s stock, valued at approximately $1,179,242. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gretchen Teichgraeber sold 1,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $41.25, for a total value of $41,250.00. Following the completion of the transaction, the director now directly owns 10,270 shares in the company, valued at $423,637.50. The disclosure for this sale can be found here. Insiders sold a total of 54,196 shares of company stock worth $2,222,057 over the last ninety days. Corporate insiders own 44.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FORR. Ballentine Partners LLC purchased a new position in Forrester Research in the second quarter valued at about $10,365,000. Vanguard Group Inc. raised its position in Forrester Research by 4.8% in the second quarter. Vanguard Group Inc. now owns 961,242 shares of the technology company’s stock valued at $37,633,000 after purchasing an additional 44,180 shares during the period. Massachusetts Financial Services Co. MA raised its position in 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 valued at $9,526,000 after purchasing an additional 34,540 shares during the period. Renaissance Technologies LLC raised its position in Forrester Research by 5.7% in the second quarter. Renaissance Technologies LLC now owns 585,600 shares of the technology company’s stock valued at $22,926,000 after purchasing an additional 31,400 shares during the period. Finally, Martingale Asset Management L P raised its position in Forrester Research by 144.2% in the second quarter. Martingale Asset Management L P now owns 42,004 shares of the technology company’s stock valued at $1,645,000 after purchasing an additional 24,800 shares during the period. 52.08% of the stock is currently owned by institutional investors.
Forrester Research (NASDAQ FORR) opened at 43.90 on Thursday. Forrester Research has a 12-month low of $34.95 and a 12-month high of $44.40. The company has a 50-day moving average price of $41.67 and a 200-day moving average price of $40.26. The stock has a market capitalization of $778.48 million, a PE ratio of 44.80 and a beta of 0.44.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, September 5th. Forrester Research’s dividend payout ratio (DPR) is currently 77.55%.
About Forrester Research
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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