Forestar Group (FOR) Projected to Post Earnings on Thursday

Forestar Group (NYSE:FOR - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect the company to announce 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.Persons that wish to listen to the company's earnings conference call can do so using this link.

Forestar Group (NYSE:FOR - Get Free Report) last issued 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). The business had revenue of $250.40 million during the quarter, compared to analyst estimates of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. Forestar Group's revenue for the quarter was down 18.1% on a year-over-year basis. 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 Price Performance

Shares of FOR traded down $0.41 during mid-day trading on Tuesday, hitting $19.17. The company's stock had a trading volume of 151,667 shares, compared to its average volume of 181,594. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a 50-day moving average price of $21.72 and a 200 day moving average price of $26.13. Forestar Group has a fifty-two week low of $18.63 and a fifty-two week high of $37.21. The stock has a market capitalization of $971.24 million, a price-to-earnings ratio of 5.37 and a beta of 1.53.

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Insider Transactions at Forestar Group

In other news, CEO Anthony W. Oxley purchased 4,300 shares of Forestar Group stock in a transaction that occurred on Friday, February 14th. The stock was acquired at an average price 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on FOR shares. JPMorgan Chase & Co. decreased their price target on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Citigroup reduced 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. Finally, StockNews.com raised Forestar Group from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.

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.