Forestar Group (NYSE:FOR) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Forestar Group (NYSE:FOR) announced its quarterly earnings results on Thursday. The oil and gas exploration company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07), Zacks reports. The firm had revenue of $351.00 million during the quarter, compared to the consensus estimate of $379.60 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. Forestar Group updated its FY 2025 guidance to EPS.

Forestar Group Stock Down 0.5 %

Forestar Group stock opened at $18.95 on Friday. 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 firm’s fifty day moving average price is $21.64 and its two-hundred day moving average price is $26.08. The firm has a market capitalization of $960.29 million, a price-to-earnings ratio of 5.31 and a beta of 1.53. Forestar Group has a 1-year low of $18.00 and a 1-year high of $37.21.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup cut their price target on Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of 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, StockNews.com upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

Insider Buying and Selling

In related news, CEO Anthony W. Oxley purchased 4,300 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was acquired at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the acquisition, the chief executive officer now owns 4,300 shares of the company’s stock, valued at $99,502. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

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.