Analysts Anticipate Forestar Group Inc. (FOR) to Post $0.09 EPS

Brokerages expect Forestar Group Inc. (NYSE:FOR) to announce earnings of $0.09 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Forestar Group’s earnings. Forestar Group reported earnings of $0.11 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Forestar Group will report full year earnings of $0.45 per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of $0.75 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Forestar Group.

FOR has been the subject of several analyst reports. Bank of America initiated coverage on shares of Forestar Group in a research report on Thursday, January 10th. They set a “buy” rating and a $19.00 price target for the company. ValuEngine upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Finally, BTIG Research initiated coverage on shares of Forestar Group in a research report on Monday, April 15th. They set a “buy” rating and a $23.00 price target for the company.

Shares of NYSE:FOR traded up $0.26 during trading on Friday, hitting $17.95. 16,515 shares of the company’s stock were exchanged, compared to its average volume of 49,252. Forestar Group has a 1-year low of $12.77 and a 1-year high of $25.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.90 and a quick ratio of 7.79. The stock has a market cap of $753.18 million, a price-to-earnings ratio of 179.50, a P/E/G ratio of 10.26 and a beta of 1.92.

A number of hedge funds and other institutional investors have recently modified their holdings of FOR. BlackRock Inc. grew its holdings in Forestar Group by 2.0% during the third quarter. BlackRock Inc. now owns 764,513 shares of the oil and gas exploration company’s stock valued at $16,207,000 after purchasing an additional 15,069 shares during the period. GSA Capital Partners LLP grew its holdings in Forestar Group by 26.9% during the third quarter. GSA Capital Partners LLP now owns 16,041 shares of the oil and gas exploration company’s stock valued at $340,000 after purchasing an additional 3,400 shares during the period. MetLife Investment Advisors LLC acquired a new position in Forestar Group during the third quarter valued at approximately $180,000. Vanguard Group Inc. grew its holdings in Forestar Group by 5.4% during the third quarter. Vanguard Group Inc. now owns 1,968,102 shares of the oil and gas exploration company’s stock valued at $41,723,000 after purchasing an additional 100,434 shares during the period. Finally, Vanguard Group Inc grew its holdings in Forestar Group by 5.4% during the third quarter. Vanguard Group Inc now owns 1,968,102 shares of the oil and gas exploration company’s stock valued at $41,723,000 after purchasing an additional 100,434 shares during the period. Hedge funds and other institutional investors own 21.38% of the company’s stock.

Forestar Group Company Profile

Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.

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