Equities analysts expect Forrester Research, Inc. (NASDAQ:FORR) to report earnings of $0.29 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Forrester Research’s earnings. Forrester Research reported earnings per share of $0.33 during the same quarter last year, which indicates a negative year-over-year growth rate of 12.1%. The company is expected to announce its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Forrester Research will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.58. For the next fiscal year, analysts anticipate that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.74 to $1.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Forrester Research.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $128.18 million for the quarter, compared to analysts’ expectations of $126.76 million. Forrester Research had a negative net margin of 0.59% and a negative return on equity of 1.65%.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Forrester Research from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, August 1st. BidaskClub lowered Forrester Research from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 14th. Sidoti began coverage on Forrester Research in a research note on Wednesday, August 28th. They issued a “buy” rating and a $55.00 price target for the company. Maxim Group reaffirmed a “buy” rating and issued a $59.00 price target (down from $62.00) on shares of Forrester Research in a research note on Thursday, August 1st. Finally, TheStreet downgraded shares of Forrester Research from an “a-” rating to a “c+” rating in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $55.67.

In other Forrester Research news, Director Neil Bradford acquired 3,040 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of $32.63 per share, with a total value of $99,195.20. Following the purchase, the director now owns 8,809 shares of the company’s stock, valued at approximately $287,437.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gretchen Teichgraeber sold 1,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $45.83, for a total value of $45,830.00. Following the sale, the director now directly owns 17,701 shares in the company, valued at approximately $811,236.83. The disclosure for this sale can be found here. Company insiders own 43.40% of the company’s stock.

A number of large investors have recently bought and sold shares of FORR. Arizona State Retirement System increased its holdings in shares of Forrester Research by 1.5% in the second quarter. Arizona State Retirement System now owns 16,016 shares of the technology company’s stock worth $753,000 after acquiring an additional 238 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Forrester Research by 3.8% during the first quarter. Texas Permanent School Fund now owns 6,945 shares of the technology company’s stock worth $336,000 after purchasing an additional 252 shares during the period. Comerica Bank raised its position in shares of Forrester Research by 3.3% during the first quarter. Comerica Bank now owns 10,107 shares of the technology company’s stock worth $501,000 after purchasing an additional 324 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Forrester Research by 2.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 16,082 shares of the technology company’s stock valued at $756,000 after purchasing an additional 451 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Forrester Research by 97.1% during the 2nd quarter. Bank of Montreal Can now owns 1,798 shares of the technology company’s stock valued at $86,000 after purchasing an additional 886 shares in the last quarter. 56.01% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:FORR traded up $1.06 during trading hours on Friday, hitting $35.75. 48,068 shares of the stock were exchanged, compared to its average volume of 56,184. The company’s 50 day moving average is $37.49 and its two-hundred day moving average is $45.60. Forrester Research has a twelve month low of $31.77 and a twelve month high of $51.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $635.03 million, a P/E ratio of 42.56 and a beta of 0.75.

About Forrester Research

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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