Forestar Group (NYSE:FOR) Releases Earnings Results, Misses Estimates By $0.07 EPS

Forestar Group (NYSE:FOR) issued its quarterly earnings data on Thursday. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.07), Zacks reports. The firm had revenue of $351.00 million for the quarter, compared to analysts’ expectations 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 Down 0.5 %

Shares of NYSE FOR opened at $18.95 on Friday. The stock has a market capitalization of $960.29 million, a P/E ratio of 5.31 and a beta of 1.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. Forestar Group has a one year low of $18.00 and a one year high of $37.21. The firm’s 50 day simple moving average is $21.56 and its two-hundred day simple moving average is $25.99.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FOR. Citigroup dropped their target price 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. JPMorgan Chase & Co. cut their target price on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com raised Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

Insider Activity

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the stock in a transaction on Friday, February 14th. The stock was acquired at an average cost of $23.14 per share, with a total value of $99,502.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.

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.