Wall Street analysts forecast that Forrester Research, Inc. (NASDAQ:FORR) will report earnings of $0.06 per share for the current quarter, Zacks reports. Two analysts have made estimates for Forrester Research’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.07. Forrester Research posted earnings per share of $0.17 in the same quarter last year, which would indicate a negative year over year growth rate of 64.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Forrester Research will report full-year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.41 to $1.42. For the next financial year, analysts forecast that the company will report earnings of $1.61 per share, with EPS estimates ranging from $1.56 to $1.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Forrester Research.
Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Forrester Research had a net margin of 4.48% and a return on equity of 11.28%. The business had revenue of $90.38 million for the quarter, compared to the consensus estimate of $84.85 million. During the same period in the previous year, the firm earned $0.38 EPS. The company’s revenue was up 8.3% compared to the same quarter last year.
A number of research analysts have recently commented on FORR shares. BidaskClub upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. Zacks Investment Research lowered shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th.
In other news, Director Robert Galford sold 12,000 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $42.53, for a total transaction of $510,360.00. Following the completion of the transaction, the director now directly owns 32,609 shares in the company, valued at approximately $1,386,860.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gretchen Teichgraeber sold 1,007 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $43.00, for a total transaction of $43,301.00. Following the transaction, the director now owns 8,770 shares of the company’s stock, valued at $377,110. The disclosure for this sale can be found here. Insiders have sold a total of 22,021 shares of company stock valued at $928,026 over the last 90 days. Company insiders own 43.50% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan grew its position in Forrester Research by 59.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,370 shares in the last quarter. Spark Investment Management LLC purchased a new position in Forrester Research in the fourth quarter worth $203,000. BNP Paribas Arbitrage SA grew its position in Forrester Research by 65.6% in the third quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the technology company’s stock worth $214,000 after acquiring an additional 2,023 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Forrester Research in the fourth quarter worth $256,000. Finally, Acadian Asset Management LLC grew its position in Forrester Research by 90.5% in the fourth quarter. Acadian Asset Management LLC now owns 6,815 shares of the technology company’s stock worth $301,000 after acquiring an additional 3,238 shares in the last quarter. Institutional investors own 59.80% of the company’s stock.
Shares of FORR traded up $0.60 during mid-day trading on Thursday, reaching $44.55. 29,068 shares of the stock traded hands, compared to its average volume of 50,222. The firm has a market capitalization of $778.73, a P/E ratio of 52.95, a price-to-earnings-growth ratio of 3.39 and a beta of 0.36. Forrester Research has a 1 year low of $36.95 and a 1 year high of $47.75.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were given a dividend of $0.20 per share. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, March 6th. Forrester Research’s payout ratio is 96.39%.
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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