Brokerages Expect Forrester Research, Inc. (FORR) to Post $0.29 EPS
Shares of Forrester Research, Inc. (NASDAQ:FORR) have been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Zacks has also given Forrester Research an industry rank of 37 out of 255 based on the ratings given to related companies.
A number of research analysts have issued reports on the company. BidaskClub cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Zacks Investment Research cut Forrester Research from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Barrington Research reissued a “hold” rating on shares of Forrester Research in a research note on Monday, July 30th. Finally, ValuEngine raised Forrester Research from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd.
Institutional investors have recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Forrester Research in the first quarter valued at about $140,000. SG Americas Securities LLC bought a new stake in shares of Forrester Research in the second quarter valued at about $142,000. Citigroup Inc. lifted its holdings 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 purchasing an additional 1,569 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Forrester Research in the fourth quarter valued at about $256,000. Finally, Sun Life Financial INC bought a new stake in shares of Forrester Research in the second quarter valued at about $376,000. Institutional investors own 58.08% of the company’s stock.
Shares of Forrester Research stock traded up $0.85 during trading on Tuesday, reaching $48.30. 109,241 shares of the company were exchanged, compared to its average volume of 45,785. Forrester Research has a twelve month low of $36.95 and a twelve month high of $48.45. The stock has a market cap of $811.52 million, a PE ratio of 58.19, a price-to-earnings-growth ratio of 3.98 and a beta of 0.47.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Friday, July 27th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.15. Forrester Research had a return on equity of 8.68% and a net margin of 3.51%. The business had revenue of $96.35 million during the quarter, compared to analysts’ expectations of $93.48 million. research analysts predict that Forrester Research will post 0.94 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. Forrester Research’s payout ratio is 96.39%.
About Forrester Research
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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