Forestar Group (FOR) to Release Quarterly Earnings on Thursday

Forestar Group (NYSE:FOR) is projected to release its earnings data before the market opens on Thursday, April 17th. Analysts expect Forestar Group to post earnings of $0.71 per share and revenue of $379.60 million for the quarter. Forestar Group has set its FY 2025 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The business had revenue of $250.40 million for the quarter, compared to analyst estimates of $318.00 million. Forestar Group’s revenue was down 18.1% compared to the same quarter last year. On average, analysts expect Forestar Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Forestar Group Stock Performance

Shares of NYSE FOR opened at $19.17 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $971.24 million, a P/E ratio of 5.37 and a beta of 1.53. Forestar Group has a 12 month low of $18.63 and a 12 month high of $37.21. The stock has a 50 day moving average of $21.72 and a 200-day moving average of $26.13.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, CEO Anthony W. Oxley acquired 4,300 shares of the business’s stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, with a total value of $99,502.00. Following the acquisition, the chief executive officer now directly owns 4,300 shares of the company’s stock, valued at approximately $99,502. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup reduced their price objective on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th.

About Forestar Group

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.