Forestar Group Inc. operates as a residential lot development company in the United States. The acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to homebuilders. The company is headquartered in Arlington, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Forestar Group from $20.00 to $16.00 and set an "overweight" rating on the stock in a research report on Friday, June 17th. StockNews.com downgraded Forestar Group from a "buy" rating to a "hold" rating in a report on Wednesday, July 20th. BTIG Research cut Forestar Group from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 20th. TheStreet cut Forestar Group from a "b-" rating to a "c+" rating in a research report on Monday, May 23rd. Finally, Citigroup dropped their price objective on Forestar Group from $30.00 to $25.00 in a research report on Thursday, April 28th.
Forestar Group Trading Down 3.0 %
NYSE:FOR opened at $12.99 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.60 and a quick ratio of 0.60. Forestar Group has a 12-month low of $12.91 and a 12-month high of $22.60. The business has a 50 day simple moving average of $14.40 and a 200 day simple moving average of $16.37. The firm has a market capitalization of $646.37 million, a P/E ratio of 3.75 and a beta of 1.77.
Forestar Group (NYSE:FOR - Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The oil and gas exploration company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm had revenue of $308.50 million during the quarter, compared to analyst estimates of $412.80 million. Forestar Group had a net margin of 11.05% and a return on equity of 15.89%. During the same quarter last year, the company earned $0.61 EPS. Equities research analysts predict that Forestar Group will post 3.05 EPS for the current year.