Forestar Group (FOR) to Release Quarterly Earnings on Tuesday

Forestar Group (NYSE:FOR - Get Free Report) is expected to release its earnings data before the market opens on Tuesday, January 21st. Analysts expect Forestar Group to post earnings of $0.65 per share and revenue of $318,000.00 billion for the quarter. Forestar Group has set its FY 2025 guidance at EPS.

Forestar Group (NYSE:FOR - Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business had revenue of $551.40 million for the quarter, compared to analyst estimates of $503.76 million. During the same quarter last year, the business earned $1.44 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts expect Forestar Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Forestar Group Price Performance

Shares of NYSE FOR traded up $1.44 during trading on Wednesday, hitting $27.18. The company had a trading volume of 130,188 shares, compared to its average volume of 151,009. The stock has a fifty day simple moving average of $27.87 and a two-hundred day simple moving average of $30.13. Forestar Group has a fifty-two week low of $24.81 and a fifty-two week high of $40.92. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 6.78 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their target price on shares of Forestar Group from $43.00 to $39.00 and set a "buy" rating on the stock in a research report on Monday, January 6th.

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.

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