Media coverage about Forrester Research (NASDAQ:FORR) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forrester Research earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.3144953350497 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
NASDAQ:FORR opened at $43.05 on Friday. The company has a market capitalization of $779.63, a P/E ratio of 51.87, a P/E/G ratio of 3.39 and a beta of 0.36. Forrester Research has a 12 month low of $36.95 and a 12 month high of $47.75.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $90.38 million during the quarter, compared to the consensus estimate of $84.85 million. Forrester Research had a return on equity of 11.28% and a net margin of 4.48%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. analysts expect that Forrester Research will post 1.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, March 6th. This is a boost from Forrester Research’s previous quarterly dividend of $0.19. Forrester Research’s payout ratio is 96.39%.
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Forrester Research from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded Forrester Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th.
In related news, Director Gretchen Teichgraeber sold 1,007 shares of Forrester Research stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $43.00, for a total value of $43,301.00. Following the sale, the director now owns 8,770 shares of the company’s stock, valued at approximately $377,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Galford sold 12,000 shares of Forrester Research stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $42.53, for a total transaction of $510,360.00. Following the completion of the sale, the director now directly owns 32,609 shares in the company, valued at approximately $1,386,860.77. The disclosure for this sale can be found here. Insiders sold a total of 22,021 shares of company stock worth $928,026 in the last ninety days. 44.30% of the stock is currently owned by insiders.
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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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