$0.30 Earnings Per Share Expected for Forrester Research, Inc. (FORR) This Quarter
Analysts forecast that Forrester Research, Inc. (NASDAQ:FORR) will report earnings of $0.30 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Forrester Research’s earnings, with estimates ranging from $0.29 to $0.30. Forrester Research reported 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 company is expected to announce its next earnings results 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 financial year, with EPS estimates ranging from $1.19 to $1.20. For the next fiscal year, analysts expect that the business will post earnings of $1.35 per share, with EPS estimates ranging from $1.32 to $1.38. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Forrester Research.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $80.40 million for the quarter, compared to analysts’ expectations of $78.92 million. Forrester Research had a return on equity of 13.76% and a net margin of 5.70%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share.
A number of research analysts have recently weighed in on the company. BidaskClub cut Forrester Research from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Monday, October 30th.
In other news, Director Henk Broeders sold 17,632 shares of Forrester Research stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $41.00, for a total transaction of $722,912.00. Following the transaction, the director now directly owns 18,662 shares of the company’s stock, valued at approximately $765,142. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Chouinard sold 887 shares of Forrester Research stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.25, for a total value of $39,249.75. Following the transaction, the insider now directly owns 2,261 shares in the company, valued at $100,049.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,163 shares of company stock worth $1,774,203. Insiders own 44.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of FORR. Ballentine Partners LLC purchased a new position in shares of Forrester Research during the 2nd quarter valued at about $10,365,000. Vanguard Group Inc. lifted its holdings in Forrester Research by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 961,242 shares of the technology company’s stock worth $37,633,000 after purchasing an additional 44,180 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Forrester Research by 5.7% in the 2nd quarter. Renaissance Technologies LLC now owns 585,600 shares of the technology company’s stock worth $22,926,000 after purchasing an additional 31,400 shares in the last quarter. Martingale Asset Management L P lifted its holdings in Forrester Research by 144.2% in the 2nd quarter. Martingale Asset Management L P now owns 42,004 shares of the technology company’s stock worth $1,645,000 after purchasing an additional 24,800 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Forrester Research by 10.1% in the 2nd quarter. Northern Trust Corp now owns 152,154 shares of the technology company’s stock worth $5,956,000 after purchasing an additional 14,003 shares in the last quarter. 51.99% of the stock is currently owned by hedge funds and other institutional investors.
Forrester Research (NASDAQ:FORR) opened at $44.60 on Wednesday. Forrester Research has a 12-month low of $34.95 and a 12-month high of $46.10. The stock has a market capitalization of $790.94, a PE ratio of 44.37, a price-to-earnings-growth ratio of 4.14 and a beta of 0.45.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.70%. Forrester Research’s payout ratio is currently 73.79%.
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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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