Forrester Research, Inc. (FORR) Expected to Announce Earnings of $0.23 Per Share
Wall Street brokerages expect Forrester Research, Inc. (NASDAQ:FORR) to report earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Forrester Research’s earnings. Forrester Research posted earnings of $0.32 per share in the same quarter last year, which suggests a negative year over year growth rate of 28.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Forrester Research will report full-year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.18. For the next financial year, analysts forecast that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.30 to $1.38. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Forrester Research.
Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. Forrester Research had a net margin of 5.49% and a return on equity of 13.00%. The firm had revenue of $89.70 million for the quarter, compared to analyst estimates of $87.51 million. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year.
Several equities analysts have commented on the company. BidaskClub raised Forrester Research from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised Forrester Research from a “sell” rating to a “hold” rating in a research report on Monday, August 14th.
In other news, Director Michael Welles sold 5,312 shares of Forrester Research stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $40.00, for a total value of $212,480.00. Following the completion of the transaction, the director now owns 21,136 shares of the company’s stock, valued at approximately $845,440. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Henk Broeders sold 11,300 shares of Forrester Research stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $41.00, for a total value of $463,300.00. Following the completion of the transaction, the director now directly owns 28,762 shares of the company’s stock, valued at approximately $1,179,242. The disclosure for this sale can be found here. Insiders have sold 74,196 shares of company stock valued at $3,028,623 in the last three months. Insiders own 44.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Forrester Research by 1.2% in the 1st quarter. Wellington Management Group LLP now owns 1,993,642 shares of the technology company’s stock worth $79,247,000 after purchasing an additional 23,280 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Forrester Research by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 711,388 shares of the technology company’s stock worth $27,851,000 after purchasing an additional 6,447 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of 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 during the last quarter. Finally, State Street Corp raised its position in shares of Forrester Research by 5.3% in the 2nd quarter. State Street Corp now owns 265,972 shares of the technology company’s stock worth $10,416,000 after purchasing an additional 13,450 shares during the last quarter. 52.08% of the stock is owned by hedge funds and other institutional investors.
Forrester Research (NASDAQ FORR) traded down 0.36% during midday trading on Friday, reaching $41.85. 46,542 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $40.08 and a 200-day moving average of $39.62. The stock has a market cap of $742.13 million, a PE ratio of 42.70 and a beta of 0.42. Forrester Research has a 12 month low of $34.95 and a 12 month high of $44.40.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, September 5th. Forrester Research’s dividend payout ratio is currently 77.55%.
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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