Forrester Research (NASDAQ:FORR) Announces Earnings Results, Misses Estimates By $0.03 EPS

Forrester Research (NASDAQ:FORR) 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), Briefing.com reports. Forrester Research had a return on equity of 11.47% and a net margin of 4.48%. The company had revenue of $90.38 million for the quarter, compared to analyst estimates of $84.85 million. During the same period in the previous year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Forrester Research updated its Q1 guidance to ~$0.03-0.07 EPS and its FY18 guidance to ~$1.38-1.45 EPS.

Forrester Research (FORR) traded up $0.15 during mid-day trading on Thursday, reaching $40.60. The company’s stock had a trading volume of 50,600 shares, compared to its average volume of 42,191. The company has a market capitalization of $727.09, a PE ratio of 48.74, a price-to-earnings-growth ratio of 3.18 and a beta of 0.39. Forrester Research has a 12 month low of $36.06 and a 12 month high of $47.75.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.97%. This is a boost from Forrester Research’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, March 6th. Forrester Research’s dividend payout ratio (DPR) is presently 91.57%.

Several brokerages recently issued reports on FORR. BidaskClub cut Forrester Research from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research cut Forrester Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th.

In related news, CFO Michael A. Doyle sold 10,000 shares of Forrester Research stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $46.09, for a total transaction of $460,900.00. Following the sale, the chief financial officer now directly owns 31,562 shares in the company, valued at $1,454,692.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gretchen Teichgraeber sold 1,000 shares of Forrester Research stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director now owns 8,770 shares in the company, valued at $394,650. The disclosure for this sale can be found here. Insiders sold 23,455 shares of company stock worth $1,085,922 over the last quarter. 44.30% of the stock is currently owned by company insiders.

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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.

Earnings History for Forrester Research (NASDAQ:FORR)

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