Brokerages expect Forestar Group Inc (NYSE:FOR) to report earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Forestar Group’s earnings. Forestar Group posted earnings per share of $0.83 during the same quarter last year, which suggests a negative year over year growth rate of 80.7%. The business is scheduled to announce its next quarterly earnings report on Friday, August 4th.
On average, analysts expect that Forestar Group will report full year earnings of $0.50 per share for the current year. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Forestar Group.
FOR has been the subject of a number of research reports. TheStreet cut Forestar Group from a “b-” rating to a “c+” rating in a report on Friday, May 26th. BidaskClub cut Forestar Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.
Shares of Forestar Group (NYSE:FOR) remained flat at $17.10 during mid-day trading on Wednesday. The company’s stock had a trading volume of 251,742 shares. The firm has a market cap of $715.75 million, a PE ratio of 8.23 and a beta of 1.95. Forestar Group has a 12-month low of $10.60 and a 12-month high of $17.77. The stock has a 50-day moving average of $16.99 and a 200-day moving average of $14.47.
Several institutional investors have recently bought and sold shares of FOR. Louisiana State Employees Retirement System increased its position in Forestar Group by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the oil and gas exploration company’s stock worth $232,000 after buying an additional 100 shares in the last quarter. OppenheimerFunds Inc. increased its position in Forestar Group by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 12,179 shares of the oil and gas exploration company’s stock worth $166,000 after buying an additional 310 shares in the last quarter. Texas Permanent School Fund increased its position in Forestar Group by 1.4% in the second quarter. Texas Permanent School Fund now owns 24,187 shares of the oil and gas exploration company’s stock worth $415,000 after buying an additional 339 shares in the last quarter. AGF Investments America Inc. increased its position in Forestar Group by 1.8% in the first quarter. AGF Investments America Inc. now owns 29,995 shares of the oil and gas exploration company’s stock worth $409,000 after buying an additional 523 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Forestar Group by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,310 shares of the oil and gas exploration company’s stock worth $190,000 after buying an additional 770 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.
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Forestar Group Company Profile
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.
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