Forestar Group (NYSE:FOR) Posts Earnings Results, Beats Expectations By $0.29 EPS

Forestar Group (NYSE:FOR) announced its earnings results on Tuesday. 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, Briefing.com reports. Forestar Group had a return on equity of 13.48% and a net margin of 12.89%. 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 previous year, the business earned $1.44 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Forestar Group updated its FY 2025 guidance to EPS.

Forestar Group Price Performance

Shares of NYSE:FOR opened at $32.16 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. Forestar Group has a twelve month low of $23.50 and a twelve month high of $40.92. The company’s 50 day moving average is $31.61 and its 200 day moving average is $31.92. The company has a market cap of $1.63 billion, a PE ratio of 8.00 and a beta of 1.76.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FOR shares. BTIG Research cut their price objective on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. cut their price target on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th.

Insider Buying and Selling at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.58, for a total transaction of $65,160.00. Following the completion of the transaction, the director now directly owns 5,951 shares in the company, valued at $193,883.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.