$79.01 Million in Sales Expected for Forrester Research, Inc. (FORR) This Quarter
Equities research analysts forecast that Forrester Research, Inc. (NASDAQ:FORR) will post $79.01 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Forrester Research’s earnings, with estimates ranging from $78.90 million to $79.11 million. Forrester Research reported sales of $77.43 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The firm is expected to report its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Forrester Research will report full-year sales of $79.01 million for the current financial year, with estimates ranging from $328.05 million to $330.80 million. For the next financial year, analysts expect that the company will report sales of $347.57 million per share, with estimates ranging from $344.20 million to $350.93 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Forrester Research.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Forrester Research had a return on equity of 13.00% and a net margin of 5.49%. The business had revenue of $89.70 million for the quarter, compared to analysts’ expectations of $87.51 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis.
Several brokerages have recently commented on FORR. BidaskClub upgraded Forrester Research from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research cut Forrester Research from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
Shares of Forrester Research (NASDAQ:FORR) opened at 41.85 on Monday. The firm has a 50 day moving average price of $40.08 and a 200-day moving average price of $39.62. The company has a market cap of $742.13 million, a price-to-earnings ratio of 42.70 and a beta of 0.44. Forrester Research has a 12-month low of $34.95 and a 12-month high of $44.40.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 5th. This represents a $0.76 annualized dividend and a dividend yield of 1.82%. Forrester Research’s dividend payout ratio (DPR) is currently 77.55%.
In related news, Director Michael Welles sold 5,312 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $40.00, for a total value of $212,480.00. Following the transaction, the director now directly owns 21,136 shares of the company’s stock, valued at approximately $845,440. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Henk Broeders sold 17,469 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $41.00, for a total value of $716,229.00. Following the completion of the transaction, the director now owns 26,030 shares of the company’s stock, valued at approximately $1,067,230. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,196 shares of company stock valued at $3,028,623. Corporate insiders own 44.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of FORR. BNP Paribas Arbitrage SA increased its holdings in shares of Forrester Research by 51.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,082 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,051 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Forrester Research by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,460 shares of the technology company’s stock valued at $177,000 after buying an additional 80 shares during the last quarter. Arizona State Retirement System boosted its position in Forrester Research by 1.9% in the first quarter. Arizona State Retirement System now owns 5,230 shares of the technology company’s stock valued at $208,000 after buying an additional 100 shares during the last quarter. Oxford Asset Management purchased a new stake in Forrester Research in the first quarter valued at approximately $231,000. Finally, First Trust Advisors LP boosted its position in Forrester Research by 19.2% in the first quarter. First Trust Advisors LP now owns 5,810 shares of the technology company’s stock valued at $231,000 after buying an additional 937 shares during the last quarter. Institutional investors and hedge funds own 52.08% of the company’s stock.
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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