Last $38.45 USD
Change Today +0.05 / 0.13%
Volume 222.6K
FORR On Other Exchanges
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As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

forrester research inc (FORR) Key Developments

Forrester Research Inc. Declares Quarterly Dividend Payable on September 17, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Forrester Research Inc. announced that its board of directors has approved a quarterly dividend of $0.16 per share payable September 17, 2014, to shareholders of record on September 3, 2014. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $82,947,000 compared to $78,953,000 a year ago. Income from operations was $7,080,000 compared to $9,788,000 a year ago. Income before income taxes was $7,202,000, compared to $10,141,000 a year ago. Net income was $4,289,000 or $0.23 per share diluted against $6,185,000 or $0.28 per share diluted a year ago. Pro forma income from operations was $9,873,000, compared to $11,524,000 a year ago. Pro forma income before income taxes was $9,952,000, compared to $11,779,000 a year ago. Pro forma net income was $6,170,000 or $0.32 per share diluted compared to $7,185,000 or $0.33 per share diluted a year ago. Capital spending was $200,000 compared to $300,000 during the second quarter of last year. Cash from operations was $2,300,000 for the quarter as compared to $1,700,000 in the second quarter of last year. For the six months, the company reported total revenues of $156,018,000 compared to $150,314,000 a year ago. Income from operations was $7,100,000 compared to $13,068,000 a year ago. Income before income taxes was $7,195,000, compared to $13,597,000 a year ago. Net income was $4,223,000 or $0.22 per share diluted against $8,354,000 or $0.38 per share diluted a year ago. Pro forma income from operations was $13,228,000, compared to $18,814,000 a year ago. Pro forma income before income taxes was $13,243,000, compared to $19,445,000 a year ago. Pro forma net income was $8,211,000 or $0.42 per share diluted compared to $11,861,000 or $0.53 per share diluted a year ago. Net cash provided by operating activities was $35,281,000 against $37,231,000 a year ago. Purchases of property and equipment were $871,000 against $1,267,000 a year ago. The company provided earnings guidance for the third quarter and full year of 2014. For the third quarter, the company expects total revenues of approximately $73.0 million to $76.0 million. Operating margin is expected to be approximately 5.5% to 7.5%. The company expects an effective tax rate of 39%. Diluted earnings per share expected to be approximately $0.14 to $0.18. Pro forma financial guidance for the third quarter of 2014 excludes stock-based compensation expense of $1.9 million to $2.1 million, amortization of acquisition-related intangible assets of approximately $0.5 million, and any investment gains or losses. The company expects pro forma operating margin of approximately 9.0% to 11.0%. Pro forma effective tax rate is expected to be 38%. Pro forma diluted earnings per share expected to be approximately $0.22 to $0.26. For the full year, the company expects total revenues of approximately $310.0 million to $315.0 million. Operating margin is expected to be approximately 5.5% to 6.5%. The company expects effective tax rate of 39%. Diluted earnings per share expected to be approximately $0.58 to $0.64. Pro forma financial guidance for full-year 2014 excludes stock-based compensation expense of $7.0 million to $7.5 million, reorganization costs of approximately $1.9 million, amortization of acquisition-related intangible assets of approximately $2.2 million, and any investment gains or losses. The company expects pro forma operating margin of approximately 9.0% to 10.0%. Pro forma effective tax rate is expected to be 38%. Pro forma diluted earnings per share expected to be approximately $0.95 to $1.01.

Forrester Research Mulls Acquisitions

Forrester Research Inc. (NasdaqGS:FORR) is seeking acquisitions. George Colony, Chairman of the Board and Chief Executive Officer of Forrester Research said, "As a note, our portfolio of acquisition targets has been growing over the last two quarters and we remain very proactive in the M&A markets."

Forrester Research Inc. to Report Q2, 2014 Results on Jul 30, 2014

Forrester Research Inc. announced that they will report Q2, 2014 results at 4:30 PM, Eastern Daylight on Jul 30, 2014

Forrester Research Inc., Q2 2014 Earnings Call, Jul 30, 2014

Forrester Research Inc., Q2 2014 Earnings Call, Jul 30, 2014

Eve Maler Joins ForgeRock Inc. as Vice President of Innovation and Emerging Technology

ForgeRock Inc. announced that Eve Maler has joined the company as vice president of innovation and emerging technology. She will report directly to Founder and Chief Technology Officer Lasse Andresen. Maler will draw upon her 30 years of experience at companies including Sun Microsystems, PayPal and most recently Forrester Research, where she was principal analyst. In her new role, Eve will help ForgeRock push the boundaries of IRM and drive customer innovation.

 

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Price/Sales 2.4x
Price/Book 4.6x
Price/Cash Flow 33.8x
TEV/Sales 1.9x
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