Forestar Group (NYSE:FOR) Issues Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Forestar Group (NYSE:FOR - Get Free Report) issued its quarterly earnings data on Tuesday. The oil and gas exploration company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.29, Briefing.com reports. The business had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. The company's revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Forestar Group updated its FY 2025 guidance to EPS.

Forestar Group Price Performance

FOR stock traded up $0.41 during mid-day trading on Wednesday, reaching $32.16. The company's stock had a trading volume of 129,018 shares, compared to its average volume of 193,531. The stock has a market cap of $1.63 billion, a PE ratio of 8.00 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 fifty-two week low of $23.50 and a fifty-two week high of $40.92. The company's 50 day moving average is $31.61 and its two-hundred day moving average is $31.92.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following the completion of the sale, the director now owns 5,951 shares in the company, valued at approximately $193,883.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FOR has been the subject of a number of analyst reports. BTIG Research decreased their price objective on shares of Forestar Group from $41.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, July 19th. Citigroup cut their target price on shares of Forestar Group from $46.00 to $43.00 and set a "buy" rating for the company in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Forestar Group from $37.50 to $36.00 and set a "neutral" rating for the company in a research note on Thursday, July 25th.

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.