Forrester Research (FORR) Releases Q1 Earnings Guidance

Forrester Research (NASDAQ:FORR) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ~$0.03-0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.22. The company issued revenue guidance of ~$77-80 million, compared to the consensus revenue estimate of $80.50 million.Forrester Research also updated its FY18 guidance to ~$1.38-1.45 EPS.

Shares of Forrester Research (FORR) opened at $40.85 on Friday. The company has a market capitalization of $755.85, a P/E ratio of 50.66, a price-to-earnings-growth ratio of 3.37 and a beta of 0.39. Forrester Research has a one year low of $34.95 and a one year high of $47.75.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The company had revenue of $90.38 million for the quarter, compared to analysts’ expectations of $84.85 million. Forrester Research had a net margin of 4.48% and a return on equity of 11.47%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share. analysts predict that Forrester Research will post 1.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 6th. This is an increase from Forrester Research’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.96%. Forrester Research’s dividend payout ratio is currently 91.57%.

Several analysts have commented on FORR shares. Zacks Investment Research raised Forrester Research from a hold rating to a buy rating and set a $51.00 price objective for the company in a research note on Monday, October 30th. BidaskClub downgraded Forrester Research from a strong-buy rating to a buy rating in a research note on Tuesday, December 12th.

In other Forrester Research news, Director George Hornig sold 11,530 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $46.62, for a total transaction of $537,528.60. Following the completion of the sale, the director now directly owns 18,921 shares of the company’s stock, valued at approximately $882,097.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gretchen Teichgraeber sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the director now directly owns 8,770 shares of the company’s stock, valued at $394,650. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,455 shares of company stock valued at $1,085,922. 44.30% of the stock is owned by company 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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