Forestar Group (NYSE:FOR) Issues Earnings Results, Misses Expectations By $0.33 EPS

Forestar Group (NYSE:FOR) issued its earnings results on Tuesday. The oil and gas exploration company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33), Zacks reports. Forestar Group had a return on equity of 11.91% and a net margin of 12.50%. The company had revenue of $250.40 million during the quarter, compared to the consensus estimate of $318,000 billion. The business’s quarterly revenue was down 18.1% on a year-over-year basis. Forestar Group updated its FY 2025 guidance to EPS.

Forestar Group Price Performance

Forestar Group stock opened at $24.17 on Thursday. The business has a 50-day simple moving average of $27.39 and a 200 day simple moving average of $29.97. Forestar Group has a 52 week low of $23.80 and a 52 week high of $40.92. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 6.77 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

Separately, Citigroup cut their price objective on shares of Forestar Group from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

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.