Forrester Research (NASDAQ:FORR) Issues Quarterly Earnings Results

Forrester Research (NASDAQ:FORR) announced its quarterly earnings data on Thursday. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09, Fidelity Earnings reports. The business had revenue of $124.27 million during the quarter, compared to the consensus estimate of $123.24 million. Forrester Research had a negative net margin of 2.08% and a negative return on equity of 6.13%. Forrester Research updated its FY 2020
After-Hours guidance to 1.82-1.94 EPS and its Q1 2020
After-Hours guidance to 0.12-0.18 EPS.

Shares of Forrester Research stock traded down $2.72 on Friday, hitting $43.28. 58,704 shares of the company traded hands, compared to its average volume of 58,384. The stock’s 50 day moving average price is $42.60 and its 200-day moving average price is $38.19. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.27. Forrester Research has a 52 week low of $30.76 and a 52 week high of $51.75. The company has a market cap of $802.05 million, a PE ratio of -84.86, a PEG ratio of 22.43 and a beta of 0.78.

In other news, Director Gretchen Teichgraeber sold 1,075 shares of Forrester Research stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $41.50, for a total transaction of $44,612.50. Following the completion of the sale, the director now owns 16,626 shares of the company’s stock, valued at $689,979. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 2,621 shares of company stock valued at $103,203 in the last ninety days. Insiders own 43.40% of the company’s stock.

Several brokerages have issued reports on FORR. Zacks Investment Research downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BidaskClub downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Saturday, January 18th. TheStreet raised shares of Forrester Research from a “d+” rating to a “c-” rating in a research note on Wednesday. Finally, Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Forrester Research presently has an average rating of “Buy” and an average target price of $51.00.

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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Earnings History for Forrester Research (NASDAQ:FORR)

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