Analysts Anticipate Forrester Research, Inc. (FORR) to Post $0.51 Earnings Per Share

Forrester Research, Inc. (NASDAQ:FORR) has been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Zacks has also given Forrester Research an industry rank of 93 out of 256 based on the ratings given to its competitors.

Several equities research analysts have weighed in on FORR shares. BidaskClub cut Forrester Research from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded Forrester Research from a “sell” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine cut Forrester Research from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Barrington Research reiterated a “hold” rating on shares of Forrester Research in a report on Tuesday, October 16th.

FORR traded down $0.44 during trading hours on Tuesday, reaching $41.50. 95,709 shares of the company’s stock traded hands, compared to its average volume of 66,167. Forrester Research has a 52-week low of $36.19 and a 52-week high of $50.00. The stock has a market cap of $816.40 million, a P/E ratio of 50.00, a PEG ratio of 3.08 and a beta of 0.57.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). Forrester Research had a net margin of 3.46% and a return on equity of 8.50%. The business had revenue of $84.89 million for the quarter, compared to analysts’ expectations of $83.52 million. Sell-side analysts anticipate that Forrester Research will post 0.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Tuesday, December 11th. Forrester Research’s dividend payout ratio is 96.39%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Forrester Research during the 2nd quarter worth $142,000. Louisiana State Employees Retirement System purchased a new stake in shares of Forrester Research during the 3rd quarter worth $207,000. Vident Investment Advisory LLC lifted its stake in shares of Forrester Research by 54.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 9,088 shares of the technology company’s stock worth $381,000 after purchasing an additional 3,207 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in shares of Forrester Research by 47.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 8,543 shares of the technology company’s stock worth $392,000 after purchasing an additional 2,761 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Forrester Research by 16.2% during the 2nd quarter. Swiss National Bank now owns 17,250 shares of the technology company’s stock worth $724,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 58.62% of the company’s stock.

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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