Forrester Research (FORR) Earning Somewhat Positive News Coverage, Study Finds
Headlines about Forrester Research (NASDAQ:FORR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Forrester Research earned a news impact score of 0.02 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.7004856904231 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern’s rankings:
- Analysts Anticipate Forrester Research, Inc. (FORR) to Announce $0.30 Earnings Per Share (americanbankingnews.com)
- Zacks: Brokerages Expect Forrester Research, Inc. (FORR) to Post $0.30 Earnings Per Share (americanbankingnews.com)
- Company Profile – Medidata Solutions, Inc (pharmiweb.com)
- Analysts Anticipate Forrester Research, Inc. (FORR) to Announce $0.30 EPS (americanbankingnews.com)
- Forrester Research, Inc. – Value Analysis (NASDAQ:FORR) : December 26, 2017 (finance.yahoo.com)
Several brokerages have issued reports on FORR. Zacks Investment Research lowered Forrester Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub lowered Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th.
Shares of Forrester Research (FORR) opened at $44.20 on Tuesday. Forrester Research has a one year low of $34.95 and a one year high of $47.75. The stock has a market capitalization of $794.49, a price-to-earnings ratio of 42.91, a P/E/G ratio of 4.00 and a beta of 0.46.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. Forrester Research had a return on equity of 13.80% and a net margin of 5.70%. The company had revenue of $80.40 million for the quarter, compared to analyst estimates of $78.92 million. During the same period in the previous year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities analysts expect that Forrester Research will post 0.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.72%. Forrester Research’s payout ratio is 73.79%.
In related news, insider Scott Chouinard sold 887 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.25, for a total transaction of $39,249.75. Following the sale, the insider now directly owns 2,261 shares in the company, valued at approximately $100,049.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George Hornig sold 11,530 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $46.62, for a total value of $537,528.60. Following the sale, the director now owns 18,921 shares in the company, valued at $882,097.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,722 shares of company stock worth $1,142,617. 44.30% of the stock is currently owned by corporate insiders.
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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