Forestar Group (FOR) Earns Daily News Sentiment Score of 0.39
Media stories about Forestar Group (NYSE:FOR) have trended positive recently, according to Alpha One. The research group, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forestar Group earned a media sentiment score of 0.39 on Alpha One’s scale. Alpha One also gave media headlines about the oil and gas exploration company an impact score of 64 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the next several days.
Forestar Group (NYSE:FOR) remained flat at $14.10 during mid-day trading on Thursday. 329,866 shares of the stock traded hands. The stock has a market capitalization of $586.79 million, a price-to-earnings ratio of 10.18 and a beta of 1.83. Forestar Group has a 1-year low of $10.60 and a 1-year high of $14.40. The company has a 50-day moving average of $13.93 and a 200 day moving average of $13.09.
Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Wednesday, March 1st. The oil and gas exploration company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.15. The firm had revenue of $64.50 million during the quarter, compared to analyst estimates of $48 million. Forestar Group had a net margin of 3.48% and a return on equity of 12.38%. The company’s revenue for the quarter was down 38.8% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. Equities analysts predict that Forestar Group will post $0.50 earnings per share for the current fiscal year.
Separately, TheStreet raised Forestar Group from a “c+” rating to a “b” rating in a research report on Monday, April 10th.
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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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