Equities research analysts expect that Forrester Research, Inc. (NASDAQ:FORR) will report $126.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Forrester Research’s earnings, with estimates ranging from $126.52 million to $127.00 million. Forrester Research posted sales of $96.35 million in the same quarter last year, which would indicate a positive year over year growth rate of 31.6%. The business is scheduled to report its next earnings results after the market closes on Wednesday, July 31st.
On average, analysts expect that Forrester Research will report full year sales of $470.62 million for the current year, with estimates ranging from $470.03 million to $471.20 million. For the next financial year, analysts expect that the business will post sales of $507.87 million, with estimates ranging from $498.23 million to $517.50 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Forrester Research.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.73) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.76) by $0.03. Forrester Research had a return on equity of 2.61% and a net margin of 1.00%. The business had revenue of $100.65 million during the quarter, compared to analyst estimates of $98.00 million.
NASDAQ:FORR traded down $1.94 during midday trading on Wednesday, reaching $47.33. 173,600 shares of the company traded hands, compared to its average volume of 51,259. Forrester Research has a twelve month low of $36.19 and a twelve month high of $51.75. The stock has a market capitalization of $926.64 million, a price-to-earnings ratio of 56.35 and a beta of 0.65. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average of $47.71.
In other news, Director Gretchen Teichgraeber sold 1,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $45.83, for a total value of $45,830.00. Following the completion of the sale, the director now owns 17,701 shares in the company, valued at $811,236.83. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kelley Hippler sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $46.03, for a total value of $138,090.00. Following the completion of the sale, the insider now owns 23,253 shares of the company’s stock, valued at approximately $1,070,335.59. The disclosure for this sale can be found here. Corporate insiders own 43.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Forrester Research during the fourth quarter worth $13,565,000. BNP Paribas Arbitrage SA raised its position in shares of Forrester Research by 940.9% during the first quarter. BNP Paribas Arbitrage SA now owns 2,415 shares of the technology company’s stock worth $117,000 after purchasing an additional 2,183 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Forrester Research during the fourth quarter worth $131,000. BlackRock Inc. raised its position in shares of Forrester Research by 0.9% during the fourth quarter. BlackRock Inc. now owns 1,499,011 shares of the technology company’s stock worth $67,005,000 after purchasing an additional 13,286 shares during the period. Finally, Texas Permanent School Fund raised its position in shares of Forrester Research by 3.8% during the first quarter. Texas Permanent School Fund now owns 6,945 shares of the technology company’s stock worth $336,000 after purchasing an additional 252 shares during the period. Institutional investors and hedge funds own 56.12% of the company’s stock.
Forrester Research Company Profile
Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.
Further Reading: Retained Earnings
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