Forrester Research, Inc. (NASDAQ:FORR) – Stock analysts at Barrington Research issued their FY2019 earnings estimates for Forrester Research in a research note issued on Thursday. Barrington Research analyst V. Colicchio forecasts that the technology company will earn $1.28 per share for the year.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Forrester Research had a return on equity of 11.47% and a net margin of 4.48%. The firm had revenue of $90.38 million for the quarter, compared to the consensus estimate of $84.85 million. During the same period last year, the company posted $0.38 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year.
Shares of Forrester Research (FORR) opened at $39.55 on Monday. Forrester Research has a 1 year low of $34.95 and a 1 year high of $47.75. The stock has a market cap of $710.91, a price-to-earnings ratio of 47.65, a price-to-earnings-growth ratio of 3.17 and a beta of 0.39.
Several institutional investors and hedge funds have recently modified their holdings of FORR. Schwab Charles Investment Management Inc. raised its position in shares of Forrester Research by 0.4% in 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 purchasing an additional 171 shares during the period. Teachers Advisors LLC raised its position in shares of Forrester Research by 3.2% in the second quarter. Teachers Advisors LLC now owns 17,494 shares of the technology company’s stock valued at $685,000 after purchasing an additional 536 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Forrester Research by 18.2% in the second quarter. TIAA CREF Investment Management LLC now owns 34,131 shares of the technology company’s stock valued at $1,336,000 after purchasing an additional 5,244 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Forrester Research by 102.4% in the second quarter. Thrivent Financial For Lutherans now owns 11,434 shares of the technology company’s stock valued at $448,000 after purchasing an additional 5,784 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Forrester Research in the second quarter valued at about $318,000. 56.35% of the stock is currently owned by institutional investors.
In other news, Director George Hornig sold 545 shares of the 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 transaction, the director now directly owns 6,846 shares of the company’s stock, valued at $315,874.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael A. Doyle sold 10,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $46.09, for a total transaction of $460,900.00. Following the completion of the transaction, the chief financial officer now directly owns 31,562 shares in the company, valued at $1,454,692.58. The disclosure for this sale can be found here. Insiders sold 23,455 shares of company stock worth $1,085,922 over the last three months. Insiders own 44.30% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.02%. Forrester Research’s dividend payout ratio is presently 91.57%.
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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