Forestar Group (FOR) Set to Announce Earnings on Thursday

Forestar Group (NYSE:FORGet Free Report) will be posting its quarterly earnings results before the market opens on Thursday, July 18th. Analysts expect Forestar Group to post earnings of $0.89 per share for the quarter. Forestar Group has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Forestar Group (NYSE:FORGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The oil and gas exploration company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. Forestar Group had a net margin of 12.99% and a return on equity of 14.59%. The business had revenue of $333.80 million during the quarter, compared to analysts’ expectations of $345.60 million. 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 Trading Up 1.5 %

NYSE:FOR opened at $31.07 on Thursday. Forestar Group has a 12 month low of $22.55 and a 12 month high of $40.92. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 7.73 and a beta of 1.77. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $32.64 and its 200-day moving average is $33.71.

Insider Transactions at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $31.38, for a total value of $62,760.00. Following the completion of the transaction, the director now owns 7,951 shares of the company’s stock, valued at approximately $249,502.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Anthony W. Oxley acquired 3,210 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average price of $31.15 per share, with a total value of $99,991.50. Following the completion of the transaction, the chief executive officer now directly owns 3,210 shares in the company, valued at approximately $99,991.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $31.38, for a total transaction of $62,760.00. Following the transaction, the director now directly owns 7,951 shares of the company’s stock, valued at approximately $249,502.38. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FOR shares. StockNews.com downgraded Forestar Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Citigroup dropped their price target on Forestar Group from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd.

View Our Latest Stock Analysis on FOR

About Forestar Group

(Get Free Report)

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.

Further Reading

Earnings History for Forestar Group (NYSE:FOR)

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