Forrester Research, Inc. (FORR) Forecasted to Earn FY2017 Earnings of $0.92 Per Share
Forrester Research, Inc. (NASDAQ:FORR) – Equities research analysts at Barrington Research boosted their FY2017 earnings per share estimates for shares of Forrester Research in a report released on Thursday. Barrington Research analyst V. Colicchio now forecasts that the technology company will earn $0.92 per share for the year, up from their previous estimate of $0.90. Barrington Research also issued estimates for Forrester Research’s Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.28 EPS.
FORR has been the topic of several other reports. BidaskClub cut Forrester Research from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research cut Forrester Research from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
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Shares of Forrester Research (FORR) opened at 45.20 on Monday. The stock has a market capitalization of $801.53 million, a P/E ratio of 46.12 and a beta of 0.44. The firm’s 50-day moving average price is $42.32 and its 200-day moving average price is $40.51. Forrester Research has a 52-week low of $34.95 and a 52-week high of $45.25.
Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The company had revenue of $80.40 million for the quarter, compared to the consensus estimate of $78.92 million. Forrester Research had a return on equity of 13.76% and a net margin of 5.70%. Forrester Research’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Forrester Research by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,211 shares of the technology company’s stock worth $322,000 after acquiring an additional 277 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Forrester Research in the 2nd quarter worth $307,000. State Street Corp grew its holdings in shares of Forrester Research by 5.3% in the 2nd quarter. State Street Corp now owns 265,972 shares of the technology company’s stock worth $10,416,000 after acquiring an additional 13,450 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of Forrester Research by 27.0% in the 2nd quarter. Tudor Investment Corp ET AL now owns 8,527 shares of the technology company’s stock worth $334,000 after acquiring an additional 1,812 shares during the last quarter. Finally, QS Investors LLC grew its holdings in shares of Forrester Research by 9.7% in the 2nd quarter. QS Investors LLC now owns 6,130 shares of the technology company’s stock worth $240,000 after acquiring an additional 544 shares during the last quarter. Institutional investors and hedge funds own 52.07% of the company’s stock.
In related news, Director Henk Broeders sold 11,300 shares of Forrester Research 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 in the company, valued at approximately $1,179,242. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gretchen Teichgraeber sold 6,250 shares of Forrester Research stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $41.00, for a total value of $256,250.00. Following the completion of the transaction, the director now owns 16,020 shares in the company, valued at $656,820. 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 90 days. Insiders own 44.30% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Tuesday, December 5th. Forrester Research’s payout ratio is 73.79%.
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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