Forestar Group (FOR) to Release Earnings on Tuesday

Forestar Group (NYSE:FOR) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.65 per share and revenue of $318,000.00 billion for the quarter. Forestar Group has set its FY 2025 guidance at EPS.

Forestar Group (NYSE:FOR) last announced its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The firm had revenue of $551.40 million for the quarter, compared to the consensus estimate of $503.76 million. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect Forestar Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Forestar Group Stock Up 5.6 %

FOR traded up $1.44 during trading hours on Wednesday, hitting $27.18. 130,188 shares of the company’s stock were exchanged, compared to its average volume of 151,009. Forestar Group has a 12-month low of $24.81 and a 12-month high of $40.92. The firm has a 50 day moving average of $27.87 and a 200 day moving average of $30.13. The firm has a market cap of $1.38 billion, a P/E ratio of 6.78 and a beta of 1.74. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their target price on shares of Forestar Group from $43.00 to $39.00 and set a “buy” rating on the stock in a research note 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.