Equities analysts predict that Forestar Group Inc. (NYSE:FOR) will post earnings per share of $0.12 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Forestar Group’s earnings. Forestar Group reported earnings of $0.08 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The firm is scheduled to issue its next earnings results on Tuesday, February 4th.
On average, analysts expect that Forestar Group will report full year earnings of $0.91 per share for the current financial year, with EPS estimates ranging from $0.87 to $0.95. For the next fiscal year, analysts forecast that the company will post earnings of $0.95 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Forestar Group.
Forestar Group (NYSE:FOR) last issued its earnings results on Thursday, November 7th. The oil and gas exploration company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.14. Forestar Group had a net margin of 7.70% and a return on equity of 4.52%. The firm had revenue of $236.30 million during the quarter.
Separately, Zacks Investment Research upgraded shares of Forestar Group from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $21.80.
Shares of NYSE:FOR traded up $0.05 during midday trading on Wednesday, reaching $19.97. 52,400 shares of the company were exchanged, compared to its average volume of 70,194. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.57. The business’s fifty day moving average is $19.51 and its two-hundred day moving average is $19.18. Forestar Group has a one year low of $12.77 and a one year high of $23.00. The stock has a market cap of $979.34 million, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88.
In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $20.87, for a total transaction of $41,740.00. 0.15% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in FOR. Bamco Inc. NY bought a new position in Forestar Group during the second quarter valued at $3,580,000. Maltese Capital Management LLC bought a new stake in shares of Forestar Group in the 2nd quarter worth about $2,682,000. Real Estate Management Services LLC bought a new stake in shares of Forestar Group in the 3rd quarter worth about $2,187,000. JS Capital Management LLC bought a new stake in shares of Forestar Group in the 3rd quarter worth about $1,828,000. Finally, Zebra Capital Management LLC bought a new stake in shares of Forestar Group in the 3rd quarter worth about $339,000. Institutional investors and hedge funds own 30.82% of the company’s stock.
Forestar Group Company Profile
Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.
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