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 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33), Zacks reports. The firm had revenue of $250.40 million during the quarter, compared to analyst estimates of $318,000 billion. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The firm’s quarterly revenue was down 18.1% 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 $26.80 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61. Forestar Group has a 1-year low of $24.81 and a 1-year high of $40.92. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 6.68 and a beta of 1.74. The business has a 50-day moving average of $27.60 and a 200-day moving average of $30.05.

Wall Street Analyst Weigh In

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