Brokerages expect Forrester Research, Inc. (NASDAQ:FORR) to report earnings per share of $0.56 for the current quarter, according to Zacks Investment Research. Two analysts provided earnings estimates from Forrester Research. Forrester Research reported earnings of $0.35 per share in the same quarter last year, which would indicate a positive growth rate of 60% year over year. The company is expected to release its next quarterly earnings report on Thursday, February 10.
On average, analysts expect Forrester Research to report annual earnings of $2.07 per share for the current fiscal year. For next year, analysts expect the company to post earnings of $2.41 per share, with EPS estimates ranging from $2.27 to $2.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts who track Forrester Research.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Wednesday, November 3. The technology company reported earnings per share (EPS) of $0.41 for the quarter, beating Thomson Reuters consensus estimate of $0.17 by $0.24. Forrester Research had a net margin of 4.00% and a return on equity of 10.60%. The company posted revenue of $118.14 million in the quarter, versus a consensus estimate of $116.42 million. In the same quarter of the previous year, the company had earned a profit per share of ($0.20).
A number of research analysts have weighed in on the stock recently. Zacks Investment Research downgraded Forrester Research stocks from a “strong buy” rating to a “hold” rating in a Wednesday, January 5, research report. Barrington Research raised its price target on Forrester Research shares from $54.00 to $65.00 and gave the company an “outperform” rating in a Thursday, Nov. 4, research report.
In other news, Insider Carrie Johnson sold 1,531 shares of the company in a transaction dated Monday, November 8. The shares were sold at an average price of $58.11, for a total transaction of $88,966.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Also, director Gretchen Teichgraeber sold 1,000 shares of the company in a transaction dated Monday, November 22. The stock was sold at an average price of $59.95, for a total transaction of $59,950.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 12,906 shares of the company valued at $757,266. 41.80% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in the shares of Forrester Research during Q4 for a value of approximately $105,000. Exchange Traded Concepts LLC increased its stake in Forrester Research by 76.3% in Q4. Exchange Traded Concepts LLC now owns 22,355 shares of the technology company worth $1,313,000 after buying 9,677 additional shares last quarter. Diversified Trust Co acquired a new stake in Forrester Research in Q4 worth approximately $465,000. BNP Paribas Arbitrage SA increased its stake in Forrester Research by 179.8% in the third quarter. BNP Paribas Arbitrage SA now owns 10,964 shares of the technology company worth $540,000 after buying 7,046 additional shares last quarter. Finally, Two Sigma Advisers LP increased its stake in Forrester Research by 742.4% in the third quarter. Two Sigma Advisers LP now owns 41,303 shares of the technology company worth $2,035,000 after buying 36,400 additional shares in the last quarter. Institutional investors hold 52.96% of the company’s shares.
Shares of FORR opened at $55.25 on Friday. The company has a fifty-day moving average of $57.76 and a 200-day moving average of $51.99. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt ratio of 0.43. Forrester Research has a 12-month low of $36.40 and a 12-month high of $60.90. The company has a market capitalization of $1.06 billion, a price/earnings ratio of 55.25, a P/E/G ratio of 1.66 and a beta of 0.98.
About Forrester Research
Forrester Research, Inc is committed to providing consulting services. It operates through the following segments: Research, Consulting and Events. The Research segment includes revenue from research, connection and analytics products. The Consulting segment includes a project consulting organization.
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