Forrester Research, Inc. (NASDAQ:FORR) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.13-1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.18. Forrester Research also updated its Q3 guidance to $0.21-0.25 EPS.
A number of research firms have commented on FORR. BidaskClub lowered shares of Forrester Research from a buy rating to a hold rating in a research report on Friday. Zacks Investment Research lowered shares of Forrester Research from a hold rating to a sell rating in a research report on Tuesday, August 1st.
Shares of Forrester Research, Inc. (NASDAQ:FORR) traded up 0.79% during trading on Friday, reaching $38.40. 38,374 shares of the company traded hands. The firm has a market capitalization of $680.95 million, a price-to-earnings ratio of 39.18 and a beta of 0.42. Forrester Research, Inc. has a 12-month low of $34.95 and a 12-month high of $44.40. The company has a 50 day moving average price of $40.04 and a 200 day moving average price of $39.32.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.07. Forrester Research had a return on equity of 13.00% and a net margin of 5.49%. The firm had revenue of $89.70 million during the quarter, compared to the consensus estimate of $87.51 million. During the same period last year, the company earned $0.46 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that Forrester Research, Inc. will post $1.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.76 annualized dividend and a yield of 1.98%. Forrester Research’s payout ratio is 77.55%.
In related news, Director George Hornig sold 2,583 shares of Forrester Research stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $37.36, for a total value of $96,500.88. Following the completion of the sale, the director now directly owns 4,425 shares in the company, valued at approximately $165,318. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven P. Peltzman sold 18,595 shares of Forrester Research stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $40.02, for a total value of $744,171.90. Following the completion of the sale, the insider now owns 12,418 shares of the company’s stock, valued at $496,968.36. The disclosure for this sale can be found here. Insiders sold a total of 57,358 shares of company stock valued at $2,302,684 over the last quarter. 46.60% of the stock is owned by corporate 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.
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