Forrester Research (NASDAQ:FORR) announced its quarterly earnings data on Thursday. The technology company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.09, Fidelity Earnings reports. Forrester Research had a negative net margin of 2.08% and a negative return on equity of 6.13%. The company had revenue of $124.27 million for the quarter, compared to the consensus estimate of $123.24 million. Forrester Research updated its FY 2020
After-Hours guidance to 1.82-1.94 EPS and its Q1 2020
After-Hours guidance to 0.12-0.18 EPS.
Shares of NASDAQ FORR traded down $2.72 during mid-day trading on Friday, reaching $43.28. The company had a trading volume of 58,704 shares, compared to its average volume of 58,384. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.27. The firm has a 50 day simple moving average of $42.60 and a two-hundred day simple moving average of $38.19. The stock has a market cap of $802.05 million, a P/E ratio of -84.86, a PEG ratio of 22.43 and a beta of 0.78. Forrester Research has a 52-week low of $30.76 and a 52-week high of $51.75.
A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Saturday, January 18th. Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research report on Friday. TheStreet raised shares of Forrester Research from a “d+” rating to a “c-” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $51.00.
In related news, Director Gretchen Teichgraeber sold 1,075 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $41.50, for a total value of $44,612.50. Following the transaction, the director now directly owns 16,626 shares of the company’s stock, valued at approximately $689,979. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,621 shares of company stock worth $103,203 over the last ninety days. Insiders own 43.40% of the company’s stock.
Forrester Research Company Profile
Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.
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