Brokerages Anticipate Forestar Group Inc (FOR) to Post $0.16 Earnings Per Share
Analysts expect Forestar Group Inc (NYSE:FOR) to post $0.16 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Forestar Group’s earnings. Forestar Group reported earnings of $0.83 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 80.7%. The firm is expected to report its next quarterly earnings results on Friday, August 4th.
According to Zacks, analysts expect that Forestar Group will report full-year earnings of $0.50 per share for the current year. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Forestar Group.
FOR has been the topic of several analyst reports. TheStreet upgraded shares of Forestar Group from a “c+” rating to a “b” rating in a research report on Monday, April 10th. BidaskClub lowered shares of Forestar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.
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A number of institutional investors have recently modified their holdings of the stock. Comerica Bank increased its position in shares of Forestar Group by 6.7% in the fourth quarter. Comerica Bank now owns 28,574 shares of the oil and gas exploration company’s stock valued at $371,000 after buying an additional 1,799 shares during the last quarter. State Street Corp increased its position in shares of Forestar Group by 6.1% in the fourth quarter. State Street Corp now owns 717,895 shares of the oil and gas exploration company’s stock valued at $9,549,000 after buying an additional 41,184 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Forestar Group by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,123,557 shares of the oil and gas exploration company’s stock valued at $28,243,000 after buying an additional 170,330 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Forestar Group by 47.4% in the fourth quarter. Renaissance Technologies LLC now owns 405,800 shares of the oil and gas exploration company’s stock valued at $5,397,000 after buying an additional 130,500 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new position in shares of Forestar Group during the fourth quarter valued at approximately $514,000. 86.54% of the stock is owned by institutional investors and hedge funds.
Forestar Group (NYSE FOR) traded up 0.87% on Wednesday, hitting $17.30. 220,129 shares of the stock were exchanged. The company has a market capitalization of $724.13 million, a PE ratio of 8.32 and a beta of 1.95. Forestar Group has a 1-year low of $10.60 and a 1-year high of $17.77. The company has a 50-day moving average price of $16.85 and a 200 day moving average price of $14.37.
About Forestar Group
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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