Equities research analysts predict that Forestar Group Inc. (NYSE:FOR) will post $0.09 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Forestar Group’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.08. Forestar Group reported earnings per share of $0.22 in the same quarter last year, which indicates a negative year over year growth rate of 59.1%. The company is expected to issue its next earnings report after the market closes on Thursday, July 25th.
On average, analysts expect that Forestar Group will report full-year earnings of $0.60 per share for the current financial year. For the next financial year, analysts anticipate that the firm will post earnings of $0.80 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Forestar Group.
Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas exploration company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.15. The business had revenue of $65.30 million during the quarter.
Several institutional investors and hedge funds have recently modified their holdings of FOR. Bank of Montreal Can raised its stake in shares of Forestar Group by 1,217.5% in the first quarter. Bank of Montreal Can now owns 2,029 shares of the oil and gas exploration company’s stock valued at $35,000 after buying an additional 1,875 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Forestar Group by 299.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,199 shares of the oil and gas exploration company’s stock valued at $38,000 after purchasing an additional 1,649 shares during the period. Millennium Management LLC bought a new stake in shares of Forestar Group during the 4th quarter valued at $175,000. Prudential Financial Inc. raised its stake in shares of Forestar Group by 6.8% during the 4th quarter. Prudential Financial Inc. now owns 14,712 shares of the oil and gas exploration company’s stock valued at $204,000 after purchasing an additional 939 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Forestar Group by 33.5% during the 4th quarter. Rhumbline Advisers now owns 18,088 shares of the oil and gas exploration company’s stock valued at $251,000 after purchasing an additional 4,539 shares during the period. Hedge funds and other institutional investors own 21.44% of the company’s stock.
FOR stock traded up $0.16 during midday trading on Friday, hitting $20.36. The company’s stock had a trading volume of 47,483 shares, compared to its average volume of 31,122. The company’s 50-day moving average is $18.61. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.22. Forestar Group has a 1 year low of $12.77 and a 1 year high of $25.95.
About Forestar Group
Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.
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