Forrester Research, Inc. (FORR) Plans Quarterly Dividend of $0.20
Forrester Research, Inc. (NASDAQ:FORR) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Stockholders of record on Wednesday, March 7th will be given a dividend of 0.20 per share by the technology company on Wednesday, March 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, March 6th. This is an increase from Forrester Research’s previous quarterly dividend of $0.19.
Forrester Research (NASDAQ:FORR) traded down $1.20 during midday trading on Thursday, hitting $40.85. The stock had a trading volume of 69,525 shares, compared to its average volume of 41,608. The stock has a market cap of $762.14, a PE ratio of 39.66, a PEG ratio of 3.40 and a beta of 0.39. Forrester Research has a fifty-two week low of $34.95 and a fifty-two week high of $47.75.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Forrester Research had a return on equity of 13.80% and a net margin of 5.70%. The business had revenue of $90.38 million for the quarter, compared to analysts’ expectations of $84.85 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities analysts forecast that Forrester Research will post 0.92 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on FORR shares. BidaskClub lowered Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered Forrester Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th.
About Forrester Research
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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