Forrester Research, Inc. (FORR) Expected to Announce Earnings of $0.30 Per Share
Equities analysts expect Forrester Research, Inc. (NASDAQ:FORR) to post earnings of $0.30 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Forrester Research’s earnings, with estimates ranging from $0.29 to $0.30. Forrester Research posted earnings of $0.38 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 21.1%. The firm is scheduled to announce its next earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Forrester Research will report full-year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.20. For the next year, analysts anticipate that the business will report earnings of $1.35 per share, with EPS estimates ranging from $1.32 to $1.38. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Forrester Research.
Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, October 25th. The technology company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The company had revenue of $80.40 million during the quarter, compared to analysts’ expectations of $78.92 million. During the same quarter last year, the business earned $0.32 EPS. The business’s revenue was up 3.9% on a year-over-year basis.
Shares of Forrester Research (NASDAQ FORR) opened at $43.50 on Wednesday. Forrester Research has a 52 week low of $34.95 and a 52 week high of $47.75. The company has a market cap of $781.01, a price-to-earnings ratio of 42.23, a PEG ratio of 3.48 and a beta of 0.46.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Tuesday, December 5th. Forrester Research’s dividend payout ratio (DPR) is 73.79%.
In related news, Director George Hornig sold 545 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $46.14, for a total value of $25,146.30. Following the completion of the sale, the director now owns 6,846 shares in the company, valued at $315,874.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Chouinard sold 887 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.25, for a total transaction of $39,249.75. Following the completion of the sale, the insider now owns 2,261 shares of the company’s stock, valued at approximately $100,049.25. The disclosure for this sale can be found here. Insiders sold 24,722 shares of company stock valued at $1,142,617 in the last quarter. Company insiders own 44.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its position in Forrester Research by 51.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,082 shares of the technology company’s stock worth $121,000 after acquiring an additional 1,051 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Forrester Research by 59.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,370 shares during the last quarter. QS Investors LLC raised its position in Forrester Research by 9.7% during the second 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. BlueCrest Capital Management Ltd acquired a new position in Forrester Research during the second quarter worth about $307,000. Finally, GSA Capital Partners LLP acquired a new position in Forrester Research during the second quarter worth about $318,000. Institutional investors own 54.27% of the company’s stock.
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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