Forrester Research, Inc. (NASDAQ:FORR) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.21-0.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.30. Forrester Research also updated its FY17 guidance to $1.13-1.20 EPS.
A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Forrester Research from a buy rating to a hold rating in a research report on Friday. Zacks Investment Research downgraded shares of Forrester Research from a hold rating to a sell rating in a research report on Tuesday, August 1st.
Forrester Research, Inc. (NASDAQ FORR) traded up 0.79% during mid-day trading on Friday, reaching $38.40. 38,374 shares of the company’s stock traded hands. The stock has a market capitalization of $680.95 million, a PE ratio of 39.18 and a beta of 0.42. Forrester Research, Inc. has a 52 week low of $34.95 and a 52 week high of $44.40. The stock’s 50 day moving average is $40.04 and its 200-day moving average is $39.32.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The company had revenue of $89.70 million for the quarter, compared to analyst estimates of $87.51 million. Forrester Research had a net margin of 5.49% and a return on equity of 13.00%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. On average, equities analysts anticipate that Forrester Research, Inc. will post $1.18 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 5th. This represents a $0.76 annualized dividend and a yield of 1.98%. Forrester Research’s dividend payout ratio is currently 77.55%.
In other Forrester Research news, insider Steven P. Peltzman sold 18,595 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $40.02, for a total value of $744,171.90. Following the transaction, the insider now directly owns 12,418 shares in the company, valued at $496,968.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Hornig sold 2,583 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $37.36, for a total transaction of $96,500.88. Following the completion of the transaction, the director now owns 4,425 shares in the company, valued at $165,318. The disclosure for this sale can be found here. Insiders sold 57,358 shares of company stock worth $2,302,684 over the last quarter. 46.60% of the stock is currently owned by insiders.
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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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