Forestar Group (NYSE:FOR) Issues Quarterly Earnings Results

Forestar Group (NYSE:FOR) released its earnings results on Tuesday. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33), Zacks reports. The company had revenue of $250.40 million during the quarter, compared to analysts’ expectations of $318,000 billion. Forestar Group had a net margin of 12.50% and a return on equity of 11.91%. The company’s revenue for the quarter was down 18.1% compared to the same quarter last year. Forestar Group updated its FY 2025 guidance to EPS.

Forestar Group Price Performance

FOR opened at $24.17 on Thursday. The firm has a 50-day moving average price of $27.39 and a 200-day moving average price of $29.97. Forestar Group has a twelve month low of $23.80 and a twelve month high of $40.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 6.77 and a beta of 1.74.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced 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.

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.