Media headlines about Forrester Research (NASDAQ:FORR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forrester Research earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 47.4730273257055 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
A number of equities research analysts have commented on the company. BidaskClub lowered Forrester Research from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Zacks Investment Research upgraded Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Monday, October 30th.
Shares of Forrester Research (NASDAQ:FORR) opened at $40.95 on Wednesday. Forrester Research has a 52-week low of $36.06 and a 52-week high of $47.75. The company has a market capitalization of $756.75, a PE ratio of 49.34, a price-to-earnings-growth ratio of 3.31 and a beta of 0.39.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Forrester Research had a net margin of 4.48% and a return on equity of 11.47%. The business had revenue of $90.38 million for the quarter, compared to the consensus estimate of $84.85 million. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. equities analysts expect that Forrester Research will post 1.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be given a dividend of $0.20 per share. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.95%. Forrester Research’s dividend payout ratio is presently 91.57%.
In related news, Director George Hornig sold 11,530 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $46.62, for a total transaction of $537,528.60. Following the sale, the director now owns 18,921 shares in the company, valued at approximately $882,097.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael A. Doyle sold 10,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $46.09, for a total value of $460,900.00. Following the sale, the chief financial officer now owns 31,562 shares in the company, valued at approximately $1,454,692.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,455 shares of company stock worth $1,085,922. 44.30% of the stock is owned by corporate insiders.
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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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