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.

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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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