Forrester Research, Inc. (NASDAQ:FORR) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.13-1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.18. Forrester Research also updated its Q3 guidance to $0.21-0.25 EPS.
Shares of Forrester Research, Inc. (NASDAQ FORR) traded up 0.36% during trading on Wednesday, reaching $41.60. The company had a trading volume of 40,534 shares. Forrester Research, Inc. has a 52-week low of $34.95 and a 52-week high of $44.40. The company has a market capitalization of $737.90 million, a P/E ratio of 39.43 and a beta of 0.41. The firm has a 50-day moving average price of $39.74 and a 200-day moving average price of $39.42.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, April 26th. The technology company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. Forrester Research had a return on equity of 13.85% and a net margin of 5.95%. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $76.38 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, analysts predict that Forrester Research, Inc. will post $1.17 EPS for the current fiscal year.
A number of research firms have recently commented on FORR. BidaskClub raised Forrester Research from a buy rating to a strong-buy rating in a research note on Monday. Zacks Investment Research upgraded Forrester Research from a sell rating to a hold rating in a report on Tuesday, April 11th.
In related news, insider Steven P. Peltzman sold 18,595 shares of Forrester Research stock in a transaction on Monday, May 15th. The stock was sold at an average price of $40.02, for a total value of $744,171.90. Following the transaction, the insider now directly owns 12,418 shares in the company, valued at approximately $496,968.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Hornig sold 2,583 shares of Forrester Research stock in a transaction on Friday, May 19th. The stock was sold at an average price of $37.36, for a total value of $96,500.88. Following the completion of the transaction, the director now owns 4,425 shares in the company, valued at $165,318. The disclosure for this sale can be found here. Insiders sold a total of 57,487 shares of company stock worth $2,291,454 over the last 90 days. Insiders own 46.60% of the company’s stock.
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Forrester Research Company Profile
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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