Forestar Group (FOR) Expected to Announce Quarterly Earnings on Thursday

Forestar Group (NYSE:FOR) is expected to be announcing its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $379.60 million for the quarter. Forestar Group has set its FY 2025 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Forestar Group (NYSE:FOR) last issued its quarterly earnings data on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.33). The business had revenue of $250.40 million during the quarter, compared to the consensus estimate of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The company’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, analysts expect Forestar Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Forestar Group Price Performance

Shares of FOR stock opened at $20.56 on Thursday. Forestar Group has a 52 week low of $18.63 and a 52 week high of $39.60. The stock has a market capitalization of $1.04 billion, a PE ratio of 5.76 and a beta of 1.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. The stock’s fifty day moving average is $22.02 and its 200-day moving average is $26.49.

Wall Street Analyst Weigh In

FOR has been the subject of several research reports. Citigroup lowered their price objective on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th.

Insiders Place Their Bets

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the 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 transaction, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

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.