Forestar Group (FOR) Set to Announce Earnings on Tuesday

Forestar Group (NYSE:FOR) will be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Forestar Group to post earnings of $1.31 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Forestar Group Trading Down 0.4 %

Shares of FOR stock opened at $31.48 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 8.18 and a beta of 1.76. Forestar Group has a fifty-two week low of $22.99 and a fifty-two week high of $40.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.50. The company has a 50 day moving average price of $31.53 and a 200 day moving average price of $32.04.

Insider Transactions at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction of $65,160.00. Following the completion of the sale, the director now owns 5,951 shares in the company, valued at $193,883.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 3,548 shares of company stock valued at $112,411. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FOR has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. BTIG Research decreased their price objective on Forestar Group from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Finally, Citigroup cut their target price on shares of Forestar Group from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd.

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.