Forestar Group Inc. is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities. The Other segment manages its timber holdings, recreational leases and water resource initiatives. As of December 31, 2016, its core community development business had directly or through ventures interests in 50 residential and mixed-use projects consisting of 4,600 acres of real estate located in 10 states and 14 markets. As of December 31, 2016, its non-core assets included approximately 523,000 net acres of owned mineral assets, 19,000 acres of timberland and undeveloped land, four multifamily assets and approximately 20,000 acres of groundwater leases.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Real Estate Development & Operations - NEC
- Sub-Industry: Real Estate Development
- Symbol: NYSE:FOR
- CUSIP: 34623310
- Web: www.forestargroup.com
- Market Cap: $717.08 million
- Outstanding Shares: 41,934,000
- 50 Day Moving Avg: $17.17
- 200 Day Moving Avg: $14.90
- 52 Week Range: $10.60 - $17.77
Sales & Book Value:
- Trailing P/E Ratio: 9.89
- Foreward P/E Ratio: Infinity
- P/E Growth: 3.42
- Annual Revenue: $162.02 million
- Price / Sales: 4.43
- Book Value: $13.93 per share
- Price / Book: 1.23
- EBIDTA: $34.63 million
- Net Margins: 46.94%
- Return on Equity: 8.75%
- Return on Assets: 6.66%
- Debt-to-Equity Ratio: 0.19%
- Current Ratio: 20.74%
- Quick Ratio: 20.74%
- Average Volume: 1.11 million shs.
- Beta: 1.95
- Short Ratio: 0.65
Frequently Asked Questions for Forestar Group (NYSE:FOR)
What is Forestar Group's stock symbol?
Forestar Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "FOR."
How were Forestar Group's earnings last quarter?
Forestar Group Inc (NYSE:FOR) posted its quarterly earnings results on Tuesday, November, 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.33. The firm had revenue of $47.20 million for the quarter, compared to analysts' expectations of $35.10 million. Forestar Group had a net margin of 46.94% and a return on equity of 8.75%. The firm's quarterly revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.31) earnings per share. View Forestar Group's Earnings History.
When will Forestar Group make its next earnings announcement?
Are investors shorting Forestar Group?
Forestar Group saw a drop in short interest in the month of July. As of July 14th, there was short interest totalling 680,059 shares, a drop of 47.3% from the June 30th total of 1,289,718 shares. Based on an average trading volume of 1,047,214 shares, the short-interest ratio is currently 0.6 days. Currently, 1.7% of the company's shares are sold short.
Who are some of Forestar Group's key competitors?
Some companies that are related to Forestar Group include Kennedy Wilson Europe Real Estate PLC (KWE), St. Joe Company (The) (JOE), CLS Holdings plc (CLI), RMR Group (RMR), St. Modwen Properties plc (SMP), Sirius Real Estate Limited (SRE), Watkin Jones PLC (WJG), Helical PLC (HLCL), Urban&Civic PLC (UANC), Raven Russia Limited (RUS), Consolidated-Tomoka Land (CTO), U and I Group PLC (UAI), Transcontinental Realty Investors (TCI), Conygar Investment Company PLC (CIC), Lok'n Store Group Plc (LOK), Real Estate Investors PLC. (RLE), Gafisa SA (GFA) and Canary Wharf Group Investment Holdgs PLC (SBD).
Who are Forestar Group's key executives?
Forestar Group's management team includes the folowing people:
- Phillip J. Weber, Chief Executive Officer, Director
- Charles D. Jehl, Chief Financial Officer, Principal Accounting Officer
- Michael J. Quinley, President – Community Development
- James A. Rubright, Non-Executive Independent Chairman of the Board
- Ashton Hudson, Independent Director
- Daniel B. Silvers, Independent Director
- Richard M. Smith, Independent Director
- Richard D. Squires, Independent Director
Who owns Forestar Group stock?
Forestar Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.48%), Dimensional Fund Advisors LP (5.15%), Renaissance Technologies LLC (4.98%), CNH Partners LLC (3.90%), Mason Capital Management LLC (2.89%) and Kennedy Capital Management Inc. (2.53%). View Institutional Ownership Trends for Forestar Group.
Who sold Forestar Group stock? Who is selling Forestar Group stock?
Forestar Group's stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Schwab Charles Investment Management Inc., TIAA CREF Investment Management LLC, James Investment Research Inc., Lee Danner & Bass Inc., Royce & Associates LP, Parametric Portfolio Associates LLC and Virtu KCG Holdings LLC. View Insider Buying and Selling for Forestar Group.
Who bought Forestar Group stock? Who is buying Forestar Group stock?
Forestar Group's stock was purchased by a variety of institutional investors in the last quarter, including CNH Partners LLC, Renaissance Technologies LLC, Mason Capital Management LLC, Kennedy Capital Management Inc., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, GABELLI & Co INVESTMENT ADVISERS INC., Vanguard Group Inc. and OMERS ADMINISTRATION Corp. View Insider Buying and Selling for Forestar Group.
How do I buy Forestar Group stock?
Shares of Forestar Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Forestar Group's stock price today?
MarketBeat Community Rating for Forestar Group (NYSE FOR)MarketBeat's community ratings are surveys of what our community members think about Forestar Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Forestar Group stock can currently be purchased for approximately $17.10.
Consensus Ratings for Forestar Group (NYSE:FOR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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Analysts' Ratings History for Forestar Group (NYSE:FOR)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Forestar Group (NYSE:FOR)Earnings History by Quarter for Forestar Group (NYSE FOR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/25/2017|| || || || || || || || |
|3/1/2017||Q416||$0.12||$0.27||$48.00 million||$64.50 million||View||Listen|
|11/8/2016||Q316||$0.07||$0.40||$35.10 million||$47.20 million||View||Listen|
|7/29/2016||Q216||$0.10||$0.23||$44.80 million||$46.40 million||View||Listen|
|5/10/2016||Q116||$0.04||($0.13)||$54.94 million||$41.90 million||View||Listen|
|3/2/2016||Q415||$0.20||$0.45||$62.67 million||$114.02 million||View||Listen|
|11/4/2015||Q315||$0.01||($0.31)||$52.03 million||$43.20 million||View||Listen|
|8/5/2015||Q215||$0.01||$0.06||$60.03 million||$57.40 million||View||Listen|
|5/6/2015||Q115||($0.01)||($0.24)||$59.79 million||$47.80 million||View||Listen|
|3/5/2015||Q414||($0.06)||$0.32||$68.74 million||$80.32 million||View||Listen|
|11/5/2014||Q314||$0.13||$0.12||$66.40 million||$58.80 million||View||Listen|
|8/6/2014||Q2||$0.11||$0.34||$65.74 million||$83.01 million||View||Listen|
|5/6/2014||Q1||$0.07||$0.19||$55.80 million||$84.61 million||View||Listen|
|5/8/2013||Q113||$0.02||$0.11||$49.42 million||$97.47 million||View||Listen|
|2/13/2013||Q4 2012||$0.09||$0.28||$43.47 million||$48.43 million||View||Listen|
Earnings Estimates for Forestar Group (NYSE:FOR)
2017 EPS Consensus Estimate: $0.35
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Forestar Group (NYSE:FOR)
No dividend announcements for this company have been tracked by MarketBeat.com
Headline Trends for Forestar Group (NYSE:FOR)
Latest Headlines for Forestar Group (NYSE:FOR)
Forestar Group (FOR) Chart for Saturday, August, 19, 2017