Analysts predict that Forrester Research, Inc. (NASDAQ:FORR) will report earnings of $0.38 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Forrester Research’s earnings. Forrester Research posted earnings per share of $0.42 during the same quarter last year, which indicates a negative year-over-year growth rate of 9.5%. The company is expected to issue its next quarterly earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Forrester Research will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.38 to $1.42. For the next financial year, analysts forecast that the firm will post earnings of $1.58 per share, with EPS estimates ranging from $1.50 to $1.65. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Forrester Research.
Forrester Research (NASDAQ:FORR) last issued its earnings results on Thursday, April 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.07). The company had revenue of $77.75 million for the quarter, compared to the consensus estimate of $78.51 million. Forrester Research had a return on equity of 7.62% and a net margin of 3.07%.
A number of research analysts have weighed in on FORR shares. BidaskClub raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Saturday, March 24th. Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research note on Friday, April 27th. Finally, Zacks Investment Research lowered shares of Forrester Research from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd.
In other Forrester Research news, Director George Hornig sold 8,100 shares of the firm’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $42.61, for a total value of $345,141.00. Following the transaction, the director now directly owns 8,861 shares of the company’s stock, valued at $377,567.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 43.50% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Old Mutual Global Investors UK Ltd. bought a new position in shares of Forrester Research in the first quarter valued at $140,000. Citigroup Inc. lifted its stake in shares of Forrester Research by 69.2% in the first quarter. Citigroup Inc. now owns 3,837 shares of the technology company’s stock valued at $159,000 after buying an additional 1,569 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Forrester Research in the fourth quarter valued at $203,000. MetLife Investment Advisors LLC bought a new position in shares of Forrester Research in the fourth quarter valued at $256,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Forrester Research in the fourth quarter valued at $624,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ FORR opened at $43.25 on Wednesday. The firm has a market cap of $775.11 million, a P/E ratio of 75.61, a P/E/G ratio of 3.42 and a beta of 0.36. Forrester Research has a 12-month low of $36.95 and a 12-month high of $47.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Tuesday, June 12th. Forrester Research’s dividend payout ratio (DPR) is 96.39%.
Forrester Research Company Profile
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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