Forrester Research (NASDAQ:FORR) released its quarterly earnings results on Thursday. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09, Fidelity Earnings reports. The business had revenue of $124.27 million during the quarter, compared to analyst estimates of $123.24 million. Forrester Research had a negative return on equity of 6.13% and a negative net margin of 2.08%. Forrester Research updated its FY 2020
After-Hours guidance to 1.82-1.94 EPS and its Q1 2020
After-Hours guidance to 0.12-0.18 EPS.
FORR traded down $2.72 during midday trading on Friday, reaching $43.28. 58,704 shares of the company’s stock traded hands, compared to its average volume of 58,384. The firm has a fifty day moving average of $42.60 and a two-hundred day moving average of $38.19. The stock has a market capitalization of $802.05 million, a price-to-earnings ratio of -84.86, a P/E/G ratio of 22.43 and a beta of 0.78. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.61 and a quick ratio of 0.61. Forrester Research has a 52 week low of $30.76 and a 52 week high of $51.75.
A number of research analysts have commented on the company. Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research report on Friday. Zacks Investment Research lowered Forrester Research from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. TheStreet raised Forrester Research from a “d+” rating to a “c-” rating in a research report on Wednesday. Finally, BidaskClub lowered Forrester Research from a “buy” rating to a “hold” rating in a research report on Saturday, January 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.00.
In other Forrester Research news, Director Gretchen Teichgraeber sold 1,075 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $41.50, for a total transaction of $44,612.50. Following the completion of the transaction, the director now owns 16,626 shares of the company’s stock, valued at approximately $689,979. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,621 shares of company stock valued at $103,203 in the last ninety days. 43.40% of the stock is currently owned by corporate insiders.
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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