Forestar Group - FOR Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forestar Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FOR shares.
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2 Wall Street analysts have issued 12 month price targets for Forestar Group's stock. Their FOR share price forecasts range from $16.00 to $25.00. On average, they expect the company's stock price to reach $21.67 in the next twelve months. This suggests a possible upside of 86.6% from the stock's current price.
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Forestar Group's stock was trading at $21.75 at the beginning of the year. Since then, FOR stock has decreased by 46.6% and is now trading at $11.61.
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Forestar Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 411,400 shares, an increase of 13.6% from the August 15th total of 362,100 shares. Based on an average daily volume of 111,100 shares, the short-interest ratio is presently 3.7 days. Approximately 2.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
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Forestar Group will be holding an earnings conference call on Wednesday, November 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-481-4010 with passcode "46465".

Forestar Group Inc. (NYSE:FOR) posted its quarterly earnings results on Tuesday, July, 19th. The oil and gas exploration company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by $0.11. The oil and gas exploration company had revenue of $308.50 million for the quarter, compared to the consensus estimate of $412.80 million. Forestar Group had a net margin of 11.05% and a trailing twelve-month return on equity of 15.89%. During the same quarter in the previous year, the firm earned $0.61 earnings per share.

Forestar Group updated its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.43 billion-$1.43 billion, compared to the consensus revenue estimate of $1.71 billion.

4 employees have rated Forestar Group Chief Executive Officer Jim DeCosmo on Glassdoor.com. Jim DeCosmo has an approval rating of 42% among the company's employees. This puts Jim DeCosmo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Forestar Group investors own include Boeing (BA), Citigroup (C), NVIDIA (NVDA), Toll Brothers (TOL), Enphase Energy (ENPH), Mastercard (MA), Micron Technology (MU), Nokia Oyj (NOK), Pfizer (PFE) and QUALCOMM (QCOM).

Forestar Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "FOR."

Forestar Group's stock is owned by many different institutional and retail investors. Top institutional investors include State Street Corp (0.68%), Assenagon Asset Management S.A. (0.54%), Northern Trust Corp (0.40%), Premier Fund Managers Ltd (0.40%), Los Angeles Capital Management LLC (0.30%) and UBS Group AG (0.29%). Insiders that own company stock include Daniel C Bartok, GF (Rick) Ringler III, James Douglas Allen and Lisa H Jamieson.
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Shares of FOR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FOR stock can currently be purchased for approximately $11.61.

Forestar Group (NYSE:FOR) has a market capitalization of $577.71 million and generates $1.33 billion in revenue each year. The oil and gas exploration company earns $110.20 million in net income (profit) each year or $3.46 on an earnings per share basis.

The company employs 309 workers across the globe.

Forestar Group's mailing address is 2221 E. LAMAR BLVD. SUITE 790, ARLINGTON TX, 76006. The official website for the company is www.forestar.com. The oil and gas exploration company can be reached via phone at (817) 769-1860, via email at investorrelations@drhorton.com, or via fax at 302-636-5454.