Forestar Group (NYSE:FOR) Issues Quarterly Earnings Results

Forestar Group (NYSE:FOR) announced its earnings results on Tuesday. The oil and gas exploration company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33), Zacks reports. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The business had revenue of $250.40 million for the quarter, compared to analyst estimates of $318,000 billion. The business’s quarterly revenue was down 18.1% compared to the same quarter last year. Forestar Group updated its FY 2025 guidance to EPS.

Forestar Group Stock Performance

Shares of FOR stock opened at $26.80 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 6.68 and a beta of 1.74. Forestar Group has a one year low of $24.81 and a one year high of $40.92. The company has a 50 day moving average price of $27.60 and a 200 day moving average price of $30.05.

Analyst Ratings Changes

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.