Brokerages Expect Forrester Research, Inc. (FORR) Will Post Quarterly Sales of $78.51 Million
Wall Street brokerages expect Forrester Research, Inc. (NASDAQ:FORR) to announce sales of $78.51 million for the current quarter, Zacks reports. Two analysts have issued estimates for Forrester Research’s earnings, with the lowest sales estimate coming in at $78.50 million and the highest estimate coming in at $78.52 million. Forrester Research posted sales of $77.19 million during the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The business is expected to report its next earnings report on Wednesday, April 25th.
On average, analysts expect that Forrester Research will report full-year sales of $78.51 million for the current financial year, with estimates ranging from $354.00 million to $356.02 million. For the next year, analysts expect that the company will post sales of $371.11 million per share, with estimates ranging from $370.52 million to $371.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Forrester Research.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $90.38 million for the quarter, compared to the consensus estimate of $84.85 million. Forrester Research had a net margin of 4.48% and a return on equity of 11.47%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.38 EPS.
Shares of Forrester Research (NASDAQ FORR) traded up $0.05 during midday trading on Friday, reaching $42.75. The company’s stock had a trading volume of 119,574 shares, compared to its average volume of 53,109. The company has a market cap of $771.21, a PE ratio of 46.47, a PEG ratio of 3.38 and a beta of 0.46. Forrester Research has a 1-year low of $36.95 and a 1-year high of $47.75.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, March 6th. This is a boost from Forrester Research’s previous quarterly dividend of $0.19. Forrester Research’s dividend payout ratio (DPR) is 86.96%.
In other news, Director Gretchen Teichgraeber sold 1,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the director now owns 8,770 shares of the company’s stock, valued at approximately $394,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Hornig sold 646 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $40.70, for a total value of $26,292.20. The disclosure for this sale can be found here. Insiders have sold a total of 23,021 shares of company stock worth $973,026 in the last ninety days. Insiders own 44.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of FORR. Ballentine Partners LLC boosted its position in shares of Forrester Research by 100.0% in the 3rd quarter. Ballentine Partners LLC now owns 500,037 shares of the technology company’s stock worth $20,927,000 after purchasing an additional 250,000 shares in the last quarter. BlackRock Inc. boosted its position in shares of Forrester Research by 6.0% in the 4th quarter. BlackRock Inc. now owns 1,331,814 shares of the technology company’s stock worth $58,866,000 after purchasing an additional 75,907 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its position in shares of Forrester Research by 26.2% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 306,283 shares of the technology company’s stock worth $13,538,000 after purchasing an additional 63,588 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Forrester Research in the 4th quarter worth $1,891,000. Finally, GW&K Investment Management LLC boosted its position in shares of Forrester Research by 40.9% in the 4th quarter. GW&K Investment Management LLC now owns 139,034 shares of the technology company’s stock worth $6,145,000 after purchasing an additional 40,358 shares in the last quarter. 60.12% of the stock is owned by hedge funds and other institutional investors.
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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