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

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

Forestar Group Stock Up 2.3 %

Shares of Forestar Group stock traded up $0.42 during midday trading on Tuesday, reaching $18.87. 114,662 shares of the company's stock traded hands, compared to its average volume of 177,298. The company has a market cap of $956.34 million, a price-to-earnings ratio of 5.28 and a beta of 1.53. Forestar Group has a 52 week low of $18.00 and a 52 week high of $37.21. The company's 50 day simple moving average is $21.40 and its 200 day simple moving average is $25.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50.

Analyst Upgrades and Downgrades

FOR has been the subject of several research reports. StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. BTIG Research decreased their target price on shares of Forestar Group from $36.00 to $29.00 and set a "buy" rating for the company in a research note on Monday. Citigroup dropped their price target on shares of Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th.

Insiders Place Their Bets

In related news, CEO Anthony W. Oxley purchased 4,300 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was bought at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company's stock.

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.