Wall Street analysts expect Forrester Research, Inc. (NASDAQ:FORR) to post sales of $93.48 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Forrester Research’s earnings. The highest sales estimate is $93.55 million and the lowest is $93.40 million. Forrester Research posted sales of $89.73 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The firm is expected to announce its next earnings report on Wednesday, July 25th.
On average, analysts expect that Forrester Research will report full-year sales of $354.14 million for the current fiscal year, with estimates ranging from $352.20 million to $356.08 million. For the next financial year, analysts expect that the company will post sales of $372.83 million per share, with estimates ranging from $369.70 million to $375.96 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Forrester Research.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Thursday, April 26th. The technology company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.07). Forrester Research had a net margin of 3.07% and a return on equity of 7.62%. The company had revenue of $77.75 million during the quarter, compared to analyst estimates of $78.51 million.
In related news, Director George Hornig sold 646 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $40.70, for a total value of $26,292.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gretchen Teichgraeber sold 7,368 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $41.53, for a total transaction of $305,993.04. The disclosure for this sale can be found here. Insiders sold 30,121 shares of company stock valued at $1,273,167 in the last quarter. Company insiders own 43.50% of the company’s stock.
A number of large investors have recently bought and sold shares of FORR. Ballentine Partners LLC increased its holdings in Forrester Research by 50.0% during the 4th quarter. Ballentine Partners LLC now owns 750,037 shares of the technology company’s stock valued at $33,152,000 after acquiring an additional 250,000 shares in the last quarter. BlackRock Inc. increased its holdings in Forrester Research by 6.0% during the 4th quarter. BlackRock Inc. now owns 1,331,814 shares of the technology company’s stock valued at $58,866,000 after acquiring an additional 75,907 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in Forrester Research by 26.2% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 306,283 shares of the technology company’s stock valued at $13,538,000 after acquiring an additional 63,588 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Forrester Research during the 4th quarter valued at about $1,891,000. Finally, GW&K Investment Management LLC increased its holdings in Forrester Research by 40.9% during the 4th quarter. GW&K Investment Management LLC now owns 139,034 shares of the technology company’s stock valued at $6,145,000 after acquiring an additional 40,358 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.
Shares of Forrester Research traded up $0.25, hitting $42.00, during midday trading on Friday, according to MarketBeat Ratings. The company had a trading volume of 18,000 shares, compared to its average volume of 48,128. Forrester Research has a twelve month low of $36.95 and a twelve month high of $47.75. The stock has a market capitalization of $760.72 million, a price-to-earnings ratio of 50.54, a price-to-earnings-growth ratio of 3.36 and a beta of 0.34.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 13th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Tuesday, June 12th. Forrester Research’s dividend payout ratio (DPR) is 96.39%.
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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