Forestar Group (NYSE:FOR - Get Free Report) released its earnings results on Tuesday. The oil and gas exploration company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.29, Briefing.com reports. Forestar Group had a return on equity of 13.48% and a net margin of 12.89%. The firm had revenue of $551.40 million for the quarter, compared to the consensus estimate of $503.76 million. During the same period in the prior year, the business posted $1.44 earnings per share. The firm's revenue for the quarter was up .3% compared to the same quarter last year. Forestar Group updated its FY 2025 guidance to EPS.
Forestar Group Trading Up 2.6 %
Shares of Forestar Group stock traded up $0.84 during trading hours on Wednesday, reaching $32.59. The stock had a trading volume of 46,761 shares, compared to its average volume of 193,139. The firm has a 50 day simple moving average of $31.61 and a two-hundred day simple moving average of $31.92. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 8.07 and a beta of 1.76. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Forestar Group has a 1 year low of $23.50 and a 1 year high of $40.92.
Insider Transactions at Forestar Group
In other news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.58, for a total value of $65,160.00. Following the transaction, the director now directly owns 5,951 shares in the company, valued at $193,883.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on FOR. JPMorgan Chase & Co. reduced their target price on Forestar Group from $37.50 to $36.00 and set a "neutral" rating on the stock in a research report on Thursday, July 25th. BTIG Research reduced their target price on Forestar Group from $41.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, July 19th. Finally, Citigroup reduced their target price on Forestar Group from $46.00 to $43.00 and set a "buy" rating on the stock in a research report on Tuesday, July 2nd.
Check Out Our Latest Analysis on FOR
About Forestar Group
(
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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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