Equities research analysts predict that Forrester Research, Inc. (NASDAQ:FORR) will post earnings of $0.51 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Forrester Research’s earnings, with estimates ranging from $0.50 to $0.51. Forrester Research posted earnings of $0.32 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 59.4%. The firm is scheduled to announce its next earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Forrester Research will report full year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.35 to $1.36. For the next financial year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.54 to $1.60. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Forrester Research.

Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, October 24th. The technology company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Forrester Research had a net margin of 3.46% and a return on equity of 8.50%. The business had revenue of $84.89 million for the quarter, compared to the consensus estimate of $83.52 million.

Several research firms have weighed in on FORR. BidaskClub lowered shares of Forrester Research from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 13th. Zacks Investment Research upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. ValuEngine upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Finally, Barrington Research reiterated a “hold” rating on shares of Forrester Research in a research note on Monday, July 30th.

FORR stock traded up $1.99 during trading on Monday, hitting $45.07. 39,400 shares of the company’s stock traded hands, compared to its average volume of 42,614. Forrester Research has a 52 week low of $36.19 and a 52 week high of $50.00. The firm has a market cap of $786.81 million, a price-to-earnings ratio of 54.30, a PEG ratio of 3.86 and a beta of 0.54.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 11th. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. Forrester Research’s dividend payout ratio is currently 96.39%.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Forrester Research by 6.8% during the third quarter. BlackRock Inc. now owns 1,485,725 shares of the technology company’s stock worth $68,194,000 after acquiring an additional 94,937 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Forrester Research by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 774,922 shares of the technology company’s stock worth $35,569,000 after acquiring an additional 7,461 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Forrester Research by 2.5% during the third quarter. Renaissance Technologies LLC now owns 751,900 shares of the technology company’s stock worth $34,512,000 after acquiring an additional 18,400 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Forrester Research by 6.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 494,307 shares of the technology company’s stock worth $22,688,000 after acquiring an additional 28,443 shares during the last quarter. Finally, United Services Automobile Association grew its position in shares of Forrester Research by 17.5% during the second quarter. United Services Automobile Association now owns 301,849 shares of the technology company’s stock worth $12,663,000 after acquiring an additional 45,000 shares during the last quarter. Institutional investors and hedge funds own 58.67% of the company’s stock.

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.

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