Forestar Group (FOR) Expected to Announce Quarterly Earnings on Tuesday

Forestar Group (NYSE:FOR) is projected to issue 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.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Forestar Group (NYSE:FOR) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.29. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The business had revenue of $551.40 million for the quarter, compared to analysts’ expectations of $503.76 million. During the same period last year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. 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 Down 1.7 %

Forestar Group stock opened at $26.80 on Friday. The stock has a market cap of $1.36 billion, a PE ratio of 6.68 and a beta of 1.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61. The stock’s fifty day moving average is $27.68 and its two-hundred day moving average is $30.08. Forestar Group has a 1-year low of $24.81 and a 1-year high of $40.92.

Wall Street Analyst Weigh In

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

Forestar Group Company Profile

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.