Last $37.76 USD
Change Today +0.14 / 0.37%
Volume 14.2K
FORR On Other Exchanges
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NASDAQ GS
As of 2:05 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

forrester research inc (FORR) Key Developments

Forrester Research Inc. Provides Earnings Guidance for the First Quarter of 2015 and Fiscal 2015

Forrester Research Inc. provides earnings guidance for the first quarter of 2015 and fiscal 2015. The company expects first quarter pro forma EPS of $0.13 - $0.17. On revenue of $74.5 million - $77.5 million. For fiscal 2015, it sees pro forma EPS of $1.05 - $1.13; revenue is anticipated to be $325.0 million - $333.0 million.

Forrester Research Reduces Workforce by 4%

Forrester Research announced it is eliminating 50 positions, about 4% of its workforce worldwide, in order to reallocate investment in 2015 to planned sales expansion and delivery areas seeing the client demand.

Forrester Research Inc. Announces Regular Quarterly Cash Dividend, Payable on March 18, 2015; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Effective Tax Guidance for the First Quarter and Full Year of 2015

Forrester Research Inc. announced that its board of directors has authorized a 6% increase to its regular quarterly cash dividend from $0.16 per share to $0.17 per share. The next dividend of $0.17 per share is payable March 18, 2015, to shareholders of record on March 4, 2015. The company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total revenues were $80,681,000 compared with $77,521,000 for the fourth quarter of last year. Income from operations was $6,188,000 compared with $4,464,000 a year ago. Income before income taxes was $6,142, 000 compared with $2,147,000 a year ago. Net income was $3,599,000, or $0.19 per diluted share compared with $2,161,000, or $0.11 per diluted share, for the same period last year. On a pro forma basis, net income was $5,746,000, or $0.31 per diluted share compared with pro forma net income of $3,977,000, or $0.20 per diluted share, for the same period last year. Pro forma income from operations was $9,050,000 compared with $6,487,000 year ago. Pro forma income before income taxes was $9,267,000 compared with $6,519,000 a year ago. Cash from operations was $900,000 compared to a negative $1.6 million in the fourth quarter of last year. For the year, the company's total revenues were $312,062,000 compared with $297,650,000 for the fourth quarter of last year. Income from operations was $18,213,000 compared with $21,833,000 a year ago. Income before income taxes was $18,389,000 compared with $19,992,000 a year ago. Net income was $10,865,000, or $0.57 per diluted share compared with $13,024,000, or $0.61 per diluted share, for the same period last year. On a pro forma basis, net income was $18,668,000, or $0.93 per diluted share compared with pro forma net income of $19,893,000, or $0.93 per diluted share, for the same period last year. Pro forma income from operations was $29,645,000 compared with $32,019,000 year ago. Pro forma income before income taxes was $30,109,000 compared with $32,611,000 a year ago. Net cash provided by operating activities was $28,795,000 compared with $30,713,000 year ago. Purchases of property and equipment were $1,503,000 compared with $3,127,000 year ago. For the first quarter of 2015, the company expects effective tax rate of 38%, loss per share of approximately $0.06 to $0.02. Pro forma effective tax rate to be 38%. The company expects amortization of intangible assets to be approximately $1 million for the full year 2015. For the full-year of 2015, the company expects an effective tax rate of 38%, diluted earnings per share of approximately $0.56 to $0.66. The company also expects pro forma effective tax rate of 38%. The company expects amortization of intangible assets to be approximately $1 million for the full year 2015.

Forrester Research Mulls Acquisitions

Forrester Research Inc. (NasdaqGS:FORR) intends to pursue acquisitions. "We're going to be opportunistic. The past couple of years we've been frankly in the market very regularly and we'll continue to be in to buy shares opportunistically. We've gotten our balance sheet to a level that we wanted to achieve which is we brought it our cash balances down dramatically. And so that would by default suggest that our activity is going to turn less to repurchase. I think it's going to look more at internal investment and acquisition as we go forward. I think we are we're ready for that sort of thing and actually we think we were this year," Mike Doyle, Chief Financial Officer, said.

Forrester Research Inc. to Report Q4, 2014 Results on Feb 11, 2015

Forrester Research Inc. announced that they will report Q4, 2014 results at 4:30 PM, US Eastern Standard Time on Feb 11, 2015

 

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Valuation FORR Industry Range
Price/Earnings 65.8x
Price/Sales 2.2x
Price/Book 4.7x
Price/Cash Flow 30.6x
TEV/Sales 1.8x
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