Analysts Expect Forrester Research, Inc. (FORR) to Announce $0.06 Earnings Per Share

Forrester Research, Inc. (NASDAQ:FORR) has been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Zacks has also given Forrester Research an industry rank of 120 out of 265 based on the ratings given to related companies.

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FORR has been the topic of a number of analyst reports. BidaskClub cut Forrester Research from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research cut Forrester Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th.

In other Forrester Research news, Director Robert Galford sold 12,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $42.53, for a total transaction of $510,360.00. Following the transaction, the director now owns 32,609 shares of the company’s stock, valued at approximately $1,386,860.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gretchen Teichgraeber sold 7,368 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $41.53, for a total value of $305,993.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,021 shares of company stock worth $928,026. Corporate insiders own 44.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its holdings in shares of Forrester Research by 14.8% during the second quarter. Parametric Portfolio Associates LLC now owns 20,941 shares of the technology company’s stock valued at $820,000 after buying an additional 2,699 shares during the last quarter. State Street Corp grew its position in Forrester Research by 5.3% during the 2nd quarter. State Street Corp now owns 265,972 shares of the technology company’s stock worth $10,416,000 after purchasing an additional 13,450 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Forrester Research by 3.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,211 shares of the technology company’s stock worth $322,000 after purchasing an additional 277 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Forrester Research by 65.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the technology company’s stock valued at $214,000 after acquiring an additional 2,023 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Forrester Research by 38.7% during the 3rd quarter. New York State Common Retirement Fund now owns 16,500 shares of the technology company’s stock valued at $691,000 after acquiring an additional 4,600 shares in the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

Forrester Research (NASDAQ FORR) traded down $1.50 on Tuesday, hitting $41.55. The company had a trading volume of 50,442 shares, compared to its average volume of 61,603. The firm has a market cap of $749.56, a PE ratio of 50.06, a P/E/G ratio of 3.27 and a beta of 0.46. Forrester Research has a 1-year low of $36.95 and a 1-year high of $47.75.

Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $90.38 million for the quarter, compared to analyst estimates of $84.85 million. Forrester Research had a net margin of 4.48% and a return on equity of 11.28%. Forrester Research’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. equities research analysts forecast that Forrester Research will post 1.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Tuesday, March 6th. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. Forrester Research’s dividend payout ratio is currently 96.39%.

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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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