Forrester Research Inc. (NASDAQ:FORR) has been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Zacks has also assigned Forrester Research an industry rank of 175 out of 265 based on the ratings given to related companies.
FORR has been the topic of a number of research analyst reports. Barrington Research reiterated a “market perform” rating on shares of Forrester Research in a report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Monday, August 1st.
Shares of Forrester Research (NASDAQ:FORR) opened at 38.37 on Tuesday. The stock has a market cap of $692.92 million, a price-to-earnings ratio of 45.09 and a beta of 0.54. Forrester Research has a 12 month low of $27.05 and a 12 month high of $42.01. The firm has a 50-day moving average price of $40.44 and a 200-day moving average price of $37.19.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.13. The company had revenue of $87.80 million for the quarter, compared to analyst estimates of $84.98 million. Forrester Research had a net margin of 4.66% and a return on equity of 12.68%. Forrester Research’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. Equities analysts expect that Forrester Research will post $1.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.88%. Forrester Research’s payout ratio is 86.75%.
Several institutional investors have recently bought and sold shares of FORR. Schwab Charles Investment Management Inc. raised its position in Forrester Research by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 34,365 shares of the company’s stock valued at $1,267,000 after buying an additional 378 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in Forrester Research by 4.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 8,641 shares of the company’s stock valued at $290,000 after buying an additional 404 shares during the last quarter. Alliancebernstein L.P. raised its position in Forrester Research by 5.3% in the second quarter. Alliancebernstein L.P. now owns 15,758 shares of the company’s stock valued at $581,000 after buying an additional 800 shares during the last quarter. Rhumbline Advisers raised its position in Forrester Research by 6.0% in the second quarter. Rhumbline Advisers now owns 14,322 shares of the company’s stock valued at $528,000 after buying an additional 809 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Forrester Research by 3.2% in the first quarter. Prudential Financial Inc. now owns 29,306 shares of the company’s stock valued at $985,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 53.65% of the company’s stock.
Forrester Research Company Profile
Forrester Research, Inc (Forrester) is a global 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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