Forestar Group (NYSE:FOR) Issues Earnings Results

Forestar Group (NYSE:FOR) released its quarterly earnings data on Thursday. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07), Zacks reports. The company had revenue of $351.00 million for the quarter, compared to analyst estimates of $379.60 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. Forestar Group updated its FY 2025 guidance to EPS.

Forestar Group Stock Performance

NYSE FOR opened at $18.95 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $960.29 million, a P/E ratio of 5.31 and a beta of 1.53. The firm has a 50-day moving average price of $21.64 and a two-hundred day moving average price of $26.08. Forestar Group has a 12-month low of $18.00 and a 12-month high of $37.21.

Insider Buying and Selling

In related news, CEO Anthony W. Oxley bought 4,300 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was purchased at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the transaction, the chief executive officer now owns 4,300 shares in the company, valued at $99,502. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FOR has been the subject of several recent analyst reports. Citigroup dropped their price objective on Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. StockNews.com upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price target on Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th.

Forestar Group Company Profile

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.