Forrester Research (FORR) Updates FY18 Earnings Guidance

Forrester Research (NASDAQ:FORR) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of ~$1.38-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.48. The company issued revenue guidance of ~$352-360 million, compared to the consensus revenue estimate of $347.96 million.Forrester Research also updated its Q1 guidance to ~$0.03-0.07 EPS.

Shares of Forrester Research (NASDAQ:FORR) traded up $0.15 during mid-day trading on Wednesday, hitting $40.60. The stock had a trading volume of 50,672 shares, compared to its average volume of 43,551. The firm has a market capitalization of $718.10, a price-to-earnings ratio of 48.13, a price-to-earnings-growth ratio of 3.14 and a beta of 0.39. Forrester Research has a 12-month low of $36.06 and a 12-month high of $47.75.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The company had revenue of $90.38 million during the quarter, compared to analyst estimates of $84.85 million. Forrester Research had a return on equity of 11.47% and a net margin of 4.48%. Forrester Research’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. sell-side analysts forecast that Forrester Research will post 1.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, March 6th. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.97%. Forrester Research’s payout ratio is 91.57%.

FORR has been the topic of several recent analyst reports. BidaskClub lowered Forrester Research from a strong-buy rating to a buy rating in a research note on Tuesday, December 12th. Zacks Investment Research raised Forrester Research from a hold rating to a buy rating and set a $51.00 price target on the stock in a research note on Monday, October 30th.

In related news, CFO Michael A. Doyle sold 10,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $46.09, for a total transaction of $460,900.00. Following the completion of the sale, the chief financial officer now owns 31,562 shares in the company, valued at $1,454,692.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Hornig sold 11,530 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $46.62, for a total value of $537,528.60. Following the sale, the director now owns 18,921 shares of the company’s stock, valued at approximately $882,097.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,455 shares of company stock valued at $1,085,922. Corporate insiders own 44.30% of the company’s stock.

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Forrester Research Company Profile

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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