Wall Street analysts forecast that Forrester Research, Inc. (NASDAQ:FORR – Get Rating) will announce sales of $146.68 million for the current quarter, Zacks reports. Two analysts have provided estimates for Forrester Research’s earnings. The highest sales estimate is $147.30 million and the lowest is $146.05 million. Forrester Research posted sales of $128.67 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Forrester Research will report full year sales of $555.38 million for the current financial year, with estimates ranging from $554.76 million to $556.00 million. For the next financial year, analysts expect that the business will post sales of $611.26 million, with estimates ranging from $605.80 million to $616.72 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Forrester Research.
Forrester Research (NASDAQ:FORR – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. Forrester Research had a return on equity of 14.57% and a net margin of 4.95%. The business had revenue of $124.97 million for the quarter, compared to the consensus estimate of $121.62 million.
In other Forrester Research news, Director David Boyce sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $50.53, for a total transaction of $101,060.00. Following the completion of the sale, the director now directly owns 7,183 shares of the company’s stock, valued at approximately $362,956.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in FORR. Royce & Associates LP grew its holdings in shares of Forrester Research by 10.5% in the first quarter. Royce & Associates LP now owns 1,755,145 shares of the technology company’s stock valued at $99,025,000 after acquiring an additional 167,042 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Forrester Research by 323.4% in the fourth quarter. Invesco Ltd. now owns 186,687 shares of the technology company’s stock valued at $10,964,000 after acquiring an additional 142,594 shares in the last quarter. Norges Bank bought a new position in shares of Forrester Research in the fourth quarter valued at approximately $7,205,000. Goldman Sachs Group Inc. grew its holdings in shares of Forrester Research by 134.2% in the third quarter. Goldman Sachs Group Inc. now owns 209,137 shares of the technology company’s stock valued at $10,302,000 after acquiring an additional 119,831 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in Forrester Research during the fourth quarter valued at $6,080,000. 52.96% of the stock is owned by institutional investors.
FORR stock opened at $50.95 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50 day simple moving average is $54.29 and its 200 day simple moving average is $55.23. The company has a market cap of $961.73 million, a P/E ratio of 39.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.98. Forrester Research has a fifty-two week low of $39.64 and a fifty-two week high of $60.90.
Forrester Research Company Profile (Get Rating)
Forrester Research, Inc operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.
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