Forestar Group (NYSE:FOR) Releases Earnings Results, Misses Estimates By $0.33 EPS

Forestar Group (NYSE:FOR) released its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33), Zacks reports. The business had revenue of $250.40 million during the quarter, compared to the consensus estimate of $318,000 billion. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The company’s revenue for the quarter was down 18.1% on a year-over-year basis. Forestar Group updated its FY 2025 guidance to EPS.

Forestar Group Trading Down 1.7 %

Shares of NYSE:FOR opened at $26.80 on Tuesday. The stock’s 50-day simple moving average is $27.60 and its two-hundred day simple moving average is $30.05. The stock 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 52-week low of $24.81 and a 52-week high of $40.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 1.61.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their price target on shares of Forestar Group from $43.00 to $39.00 and set a “buy” rating for the company in a research note 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.