Forrester Research, Inc. (FORR) Expected to Announce Quarterly Sales of $84.74 Million

Equities analysts expect Forrester Research, Inc. (NASDAQ:FORR) to post sales of $84.74 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Forrester Research’s earnings. The lowest sales estimate is $84.47 million and the highest is $85.00 million. Forrester Research posted sales of $83.45 million during the same quarter last year, which suggests a positive year over year growth rate of 1.5%. The firm is expected to report its next earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Forrester Research will report full-year sales of $84.74 million for the current year, with estimates ranging from $331.76 million to $332.20 million. For the next fiscal year, analysts forecast that the firm will post sales of $348.68 million per share, with estimates ranging from $345.70 million to $351.66 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Forrester Research.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $80.40 million during the quarter, compared to the consensus estimate of $78.92 million. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share.

FORR has been the subject of several recent research reports. BidaskClub downgraded shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th.

Forrester Research (NASDAQ FORR) traded up $0.75 during trading on Friday, reaching $45.25. 42,100 shares of the company’s stock traded hands, compared to its average volume of 40,717. The company has a market capitalization of $799.89, a P/E ratio of 43.93, a PEG ratio of 3.57 and a beta of 0.46. Forrester Research has a 1-year low of $34.95 and a 1-year high of $47.75.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, December 5th. Forrester Research’s dividend payout ratio (DPR) is 73.79%.

In other news, insider Scott Chouinard sold 887 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.25, for a total transaction of $39,249.75. Following the sale, the insider now owns 2,261 shares in the company, valued at $100,049.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael A. Doyle sold 10,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $46.09, for a total transaction of $460,900.00. Following the sale, the chief financial officer now owns 31,562 shares in the company, valued at approximately $1,454,692.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,722 shares of company stock valued at $1,142,617. Insiders own 44.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Forrester Research by 0.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 38,685 shares of the technology company’s stock valued at $1,515,000 after buying an additional 171 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Forrester Research by 3.5% during the second quarter. The Manufacturers Life Insurance Company now owns 8,211 shares of the technology company’s stock valued at $322,000 after buying an additional 277 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Forrester Research by 3.2% during the second quarter. Teachers Advisors LLC now owns 17,494 shares of the technology company’s stock valued at $685,000 after buying an additional 536 shares during the last quarter. QS Investors LLC grew its holdings in shares of Forrester Research by 9.7% during the second quarter. QS Investors LLC now owns 6,130 shares of the technology company’s stock valued at $240,000 after buying an additional 544 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Forrester Research by 3.9% during the second quarter. Voya Investment Management LLC now owns 18,967 shares of the technology company’s stock valued at $743,000 after buying an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 54.27% of the company’s stock.

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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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