Equities research analysts expect that Forestar Group Inc. (NYSE:FOR) will announce earnings per share of $0.12 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Forestar Group’s earnings. Forestar Group reported earnings per share of $0.08 during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is expected to report its next earnings report on Tuesday, February 4th.
On average, analysts expect that Forestar Group will report full year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.83 to $0.95. Zacks’ EPS averages are an average based on a survey of analysts that cover Forestar Group.
Forestar Group (NYSE:FOR) last released its earnings results on Thursday, November 7th. The oil and gas exploration company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.14. The company had revenue of $236.30 million for the quarter.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Forestar Group from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, October 1st. BTIG Research set a $24.00 target price on shares of Forestar Group and gave the company a “buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.80.
Forestar Group stock traded up $0.65 during trading hours on Monday, hitting $19.45. 79,848 shares of the company traded hands, compared to its average volume of 69,941. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $18.74 and its two-hundred day simple moving average is $19.06. Forestar Group has a 1-year low of $12.77 and a 1-year high of $23.00.
A number of institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new position in shares of Forestar Group in the 3rd quarter worth approximately $50,000. Bank of Montreal Can grew its stake in shares of Forestar Group by 43.4% in the 2nd quarter. Bank of Montreal Can now owns 2,910 shares of the oil and gas exploration company’s stock worth $57,000 after purchasing an additional 881 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Forestar Group in the 2nd quarter worth approximately $86,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Forestar Group in the 2nd quarter worth approximately $341,000. Finally, Rhumbline Advisers grew its stake in shares of Forestar Group by 7.7% in the 3rd quarter. Rhumbline Advisers now owns 19,234 shares of the oil and gas exploration company’s stock worth $352,000 after purchasing an additional 1,381 shares during the last quarter. 18.74% of the stock is currently owned by hedge funds and other institutional investors.
About Forestar Group
Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.
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