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

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

Forestar Group Trading Down 0.3 %

NYSE:FOR opened at $31.73 on Wednesday. Forestar Group has a twelve month low of $23.25 and a twelve month high of $40.92. The company has a market cap of $1.61 billion, a P/E ratio of 7.89 and a beta of 1.76. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $31.56 and a two-hundred day moving average price of $31.96.

Wall Street Analyst Weigh In

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

Insider Transactions at Forestar Group

In other news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction of $65,160.00. Following the sale, the director now owns 5,951 shares in the company, valued at $193,883.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

About Forestar Group

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.