Wall Street analysts expect that Forrester Research (NASDAQ:FORR) will post $0.38 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Forrester Research’s earnings. Forrester Research posted earnings per share of $0.42 in the same quarter last year, which would indicate a negative year over year growth rate of 9.5%. The business is expected to issue its next earnings report on Wednesday, July 25th.
On average, analysts expect that Forrester Research will report full year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.42. For the next fiscal year, analysts forecast that the company will report earnings of $1.58 per share, with EPS estimates ranging from $1.50 to $1.65. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Forrester Research.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Thursday, April 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.07). Forrester Research had a net margin of 3.07% and a return on equity of 7.62%. The business had revenue of $77.75 million for the quarter, compared to analysts’ expectations of $78.51 million.
A number of research firms recently issued reports on FORR. BidaskClub cut Forrester Research from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Zacks Investment Research cut Forrester Research from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. Finally, Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research report on Friday, April 27th.
Forrester Research opened at $41.90 on Wednesday, according to Marketbeat. Forrester Research has a 52-week low of $36.95 and a 52-week high of $47.75. The firm has a market cap of $757.13 million, a P/E ratio of 73.86, a price-to-earnings-growth ratio of 3.34 and a beta of 0.34.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, June 12th. Forrester Research’s dividend payout ratio (DPR) is presently 96.39%.
In other Forrester Research news, Director Gretchen Teichgraeber sold 7,368 shares of Forrester Research stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $41.53, for a total transaction of $305,993.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Galford sold 12,000 shares of Forrester Research stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $42.53, for a total value of $510,360.00. Following the sale, the director now directly owns 32,609 shares of the company’s stock, valued at $1,386,860.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,121 shares of company stock valued at $1,273,167. 43.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised 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 acquiring an additional 75,907 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Forrester Research by 50.0% in the 4th quarter. Ballentine Partners LLC now owns 750,037 shares of the technology company’s stock worth $33,152,000 after acquiring an additional 250,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Forrester Research by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 748,186 shares of the technology company’s stock worth $31,012,000 after acquiring an additional 21,970 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Forrester Research by 3.2% in the 4th quarter. Renaissance Technologies LLC now owns 651,300 shares of the technology company’s stock worth $28,787,000 after acquiring an additional 19,900 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Forrester Research by 8.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 391,827 shares of the technology company’s stock worth $16,242,000 after acquiring an additional 29,751 shares in the last quarter. 58.32% of the stock is owned by institutional investors and hedge funds.
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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