Forestar Group (FOR) to Release Earnings on Thursday

Forestar Group (NYSE:FOR) is projected to release its earnings data before the market opens on Thursday, April 17th. Analysts expect Forestar Group to post 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 wish to register for the company’s earnings conference call can do so using this link.

Forestar Group (NYSE:FOR) last released its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The firm had revenue of $250.40 million during the quarter, compared to the consensus estimate of $318.00 million. Forestar Group’s quarterly revenue 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 Stock Performance

Shares of Forestar Group stock opened at $19.17 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The company has a market cap of $971.24 million, a PE ratio of 5.37 and a beta of 1.53. The company has a 50 day moving average of $21.72 and a 200-day moving average of $26.13. Forestar Group has a 1-year low of $18.63 and a 1-year high of $37.21.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FOR shares. StockNews.com upgraded Forestar Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price objective on Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Citigroup decreased their target price on Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd.

Insider Buying and Selling at Forestar Group

In other news, CEO Anthony W. Oxley bought 4,300 shares of the stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $23.14 per share, with a total value of $99,502.00. Following the acquisition, the chief executive officer now directly owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.