Wall Street analysts expect that Forestar Group Inc (NYSE:FOR) will announce $0.16 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Forestar Group’s earnings. Forestar Group posted earnings of $0.83 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 80.7%. The firm is scheduled to report its next quarterly earnings report on Friday, September 22nd.
According to Zacks, analysts expect that Forestar Group will report full-year earnings of $0.50 per share for the current financial year. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Forestar Group.
A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. TheStreet downgraded shares of Forestar Group from a “b-” rating to a “c+” rating in a research report on Friday, May 26th.
Several large investors have recently added to or reduced their stakes in the company. Schneider Capital Management Corp grew its position in shares of Forestar Group by 5.4% in the 2nd quarter. Schneider Capital Management Corp now owns 412,233 shares of the oil and gas exploration company’s stock worth $7,070,000 after buying an additional 21,133 shares during the period. Sterling Capital Management LLC purchased a new stake in shares of Forestar Group in the 2nd quarter worth about $610,000. The Manufacturers Life Insurance Company grew its position in shares of Forestar Group by 20.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,986 shares of the oil and gas exploration company’s stock worth $565,000 after buying an additional 5,696 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Forestar Group in the 2nd quarter worth about $3,087,000. Finally, CNH Partners LLC purchased a new stake in shares of Forestar Group in the 2nd quarter worth about $28,065,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Forestar Group (FOR) traded up 0.29% on Tuesday, reaching $17.30. 390,416 shares of the company traded hands. The stock’s 50 day moving average price is $17.18 and its 200-day moving average price is $15.56. The stock has a market capitalization of $725.46 million, a P/E ratio of 10.01 and a beta of 1.89. Forestar Group has a one year low of $10.60 and a one year high of $17.77.
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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