Wall Street analysts predict that Forrester Research, Inc. (NASDAQ:FORR) will announce earnings per share of $0.06 for the current quarter, Zacks reports. Two analysts have provided estimates for Forrester Research’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.05. Forrester Research posted earnings of $0.17 per share during the same quarter last year, which would indicate a negative year over year growth rate of 64.7%. The company is expected to announce its next earnings results on Wednesday, April 25th.
On average, analysts expect that Forrester Research will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.41 to $1.42. For the next financial year, analysts forecast that the firm will report earnings of $1.61 per share, with EPS estimates ranging from $1.56 to $1.65. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Forrester Research.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share (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 analysts’ expectations of $84.85 million. Forrester Research had a net margin of 4.48% and a return on equity of 11.28%. Forrester Research’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share.
In related news, Director Robert Galford sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $42.53, for a total transaction of $510,360.00. Following the sale, the director now directly owns 32,609 shares of the company’s stock, valued at approximately $1,386,860.77. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gretchen Teichgraeber sold 7,368 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $41.53, for a total transaction of $305,993.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,021 shares of company stock worth $928,026. 43.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in Forrester Research during the 4th quarter worth approximately $256,000. Millennium Management LLC acquired a new position in Forrester Research during the 4th quarter worth approximately $650,000. Goldman Sachs Group Inc. grew its holdings in Forrester Research by 9.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 51,682 shares of the technology company’s stock worth $2,284,000 after acquiring an additional 4,367 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in Forrester Research during the 4th quarter worth approximately $624,000. Finally, Deutsche Bank AG grew its holdings in Forrester Research by 139.8% during the 4th quarter. Deutsche Bank AG now owns 22,695 shares of the technology company’s stock worth $1,001,000 after acquiring an additional 13,229 shares in the last quarter. 59.82% of the stock is currently owned by hedge funds and other institutional investors.
Forrester Research stock opened at $43.20 on Thursday. The company has a market capitalization of $786.86, a PE ratio of 52.05, a P/E/G ratio of 3.42 and a beta of 0.36. Forrester Research has a 1 year low of $36.95 and a 1 year high of $47.75.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were paid a dividend of $0.20 per share. This is an increase from Forrester Research’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Tuesday, March 6th. Forrester Research’s dividend payout ratio is presently 96.39%.
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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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