Forrester Research, Inc. (NASDAQ:FORR) – Equities research analysts at Barrington Research increased their FY2017 earnings estimates for Forrester Research in a note issued to investors on Thursday. Barrington Research analyst V. Colicchio now anticipates that the technology company will post earnings per share of $0.92 for the year, up from their previous forecast of $0.90. Barrington Research also issued estimates for Forrester Research’s Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.27 EPS and Q4 2018 earnings at $0.28 EPS.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The firm had revenue of $80.40 million during the quarter, compared to analysts’ expectations of $78.92 million. Forrester Research had a net margin of 5.70% and a return on equity of 13.76%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 earnings per share. COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Forrester Research, Inc. Lifted by Analyst (FORR)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/10/31/fy2017-eps-estimates-for-forrester-research-inc-lifted-by-analyst-forr.html.
A number of other equities analysts have also recently weighed in on FORR. BidaskClub upgraded shares of Forrester Research from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of Forrester Research from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
Forrester Research (NASDAQ:FORR) opened at 43.80 on Monday. Forrester Research has a 1-year low of $34.95 and a 1-year high of $45.25. The company’s 50-day moving average is $42.42 and its 200 day moving average is $40.54. The stock has a market capitalization of $776.71 million, a PE ratio of 44.69 and a beta of 0.44.
A number of large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its holdings in shares of Forrester Research by 51.7% during the second quarter. BNP Paribas Arbitrage SA now owns 3,082 shares of the technology company’s stock worth $121,000 after buying an additional 1,051 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Forrester Research by 1.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 4,460 shares of the technology company’s stock worth $177,000 after buying an additional 80 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Forrester Research by 1.9% during the first quarter. Arizona State Retirement System now owns 5,230 shares of the technology company’s stock worth $208,000 after buying an additional 100 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Forrester Research by 19.2% during the first quarter. First Trust Advisors LP now owns 5,810 shares of the technology company’s stock worth $231,000 after buying an additional 937 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Forrester Research during the first quarter worth $236,000. Institutional investors own 52.07% of the company’s stock.
In other Forrester Research news, Director Henk Broeders sold 17,632 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $41.00, for a total transaction of $722,912.00. Following the completion of the transaction, the director now directly owns 18,662 shares in the company, valued at $765,142. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gretchen Teichgraeber sold 6,250 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $41.00, for a total transaction of $256,250.00. Following the transaction, the director now owns 16,020 shares of the company’s stock, valued at $656,820. The disclosure for this sale can be found here. Insiders have sold 53,196 shares of company stock valued at $2,180,807 over the last 90 days. 44.30% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, December 5th. Forrester Research’s dividend payout ratio is presently 73.79%.
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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