Forestar Group Inc. (FOR)
Market Cap | 1.58B |
Revenue (ttm) | 1.51B |
Net Income (ttm) | 203.40M |
Shares Out | 50.65M |
EPS (ttm) | 4.00 |
PE Ratio | 7.81 |
Forward PE | 8.03 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 79,444 |
Open | 31.88 |
Previous Close | 31.57 |
Day's Range | 31.18 - 32.27 |
52-Week Range | 25.65 - 40.92 |
Beta | 1.76 |
Analysts | Strong Buy |
Price Target | 38.67 (+23.82%) |
Earnings Date | Oct 29, 2024 |
About FOR
Forestar Group Inc. operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas. Forestar Group Inc. operates as a subsidiary of D.R. Horton, Inc. [Read more]
Financial Performance
In 2024, Forestar Group's revenue was $1.51 billion, an increase of 5.05% compared to the previous year's $1.44 billion. Earnings were $203.40 million, an increase of 21.87%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for FOR stock is "Strong Buy." The 12-month stock price forecast is $38.67, which is an increase of 23.82% from the latest price.
News
Forestar Group Inc. (FOR) Q4 2024 Earnings Conference Call Transcript
Forestar Group Inc. (NYSE:FOR) Q4 2024 Earnings Conference Call October 29, 2024 11:00 AM ET Company Participants Katie Smith - Director of Finance and IR Andy Oxley - President and CEO Jim Allen - C...
Forestar Reports Fourth Quarter and Fiscal 2024 Results
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its fourth quarter and fisc...
Forestar Group: Benefitting From Constraints On Residential Lot Supply
Forestar Group is well-positioned to benefit from persistent residential housing shortage and a favorable interest rate environment, driving demand for residential lots and land sales. The company aim...
Forestar to Release 2024 Fourth Quarter and Fiscal Year-End Earnings on October 29, 2024
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that it will release financial results for its fourth quarter and fiscal year ended September 30, 2024 on October 29, 2024.
Forestar Group Inc. (FOR) Q3 2024 Earnings Call Transcript
Forestar Group Inc. (NYSE:FOR) Q3 2024 Earnings Conference Call July 18, 2024 5:00 PM ET Company Participants Katie Smith - Director of Finance and IR Andy Oxley - President and CEO Jim Allen - CFO M...
Forestar Reports Fiscal 2024 Third Quarter Results
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported net income of $38.7 million or $0.76 per diluted share in its third fiscal quarter of 2024.
Forestar: Underappreciated, With A Proven Business Model
Forestar Group Inc. targets double digit returns through land acquisition with significant cash and expertise, supported by financing from D.R. Horton. Given the previous unlevered FCF growth, managem...
Forestar to Release 2024 Third Quarter Earnings on July 18, 2024
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that it will release financial results for its third quarter ended June 30, 2024 on Thursday, July 18, 2024.
Forestar Group Stock To Benefit From The Real Estate Shortage
Forestar is poised to benefit from the low inventory of available homes. Forestar's financial strength can be leveraged to acquire new land and grow market share. The low valuation leaves room for mul...
Forestar Group Inc. (FOR) Q2 2024 Earnings Call Transcript
Forestar Group Inc. (NYSE:FOR) Q2 2024 Earnings Conference Call April 18, 2024 5:00 PM ET Company Participants Katie Smith - Director of Finance and Investor Relations Andy Oxley - President and Chie...
Forestar Reports Fiscal 2024 Second Quarter Results
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported that net income for the second quarter of fiscal 2024 increased 67% to $45.0 million or $0.89 per diluted share.
Forestar to Release 2024 Second Quarter Earnings on April 18, 2024
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar announced that it will release financial results for its second quarter ended March 31, 2024 on Thursday, April 18, 2024.
Forestar Group: Homebuilders Are Primed For A Strong 2024, Buy While Still Cheap
Forestar Group, a real estate developer, is expected to benefit from the upcoming housing recovery in 2024. Housing shortages will continue due to a lack of inventory, leading to an increase in single...
Forestar Group Inc. (FOR) Q1 2024 Earnings Call Transcript
Forestar Group Inc. (FOR) Q1 2024 Earnings Call Transcript
Forestar Reports Fiscal 2024 First Quarter Results
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported that net income for the first quarter of fiscal 2024 increased 84% to $38.2 million or $0.76 per diluted share.
Forestar to Release 2024 First Quarter Earnings on January 23, 2024
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar announced that the Company will release financial results for its first quarter ended December 31, 2023 on Tuesday, January 23, 2024.
Forestar Names Anthony W. Oxley as Incoming CEO and Announces Retirement of Daniel C.
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced the retirement of Daniel C. Bartok and the appointment of Anthony W. Oxley as President and CEO, effective January 1, 2024.
Forestar Group: Undervalued Even After Recent Price Surge
Forestar Group Inc. is a residential lot developer focused on building infrastructure and acquiring property for single-family residential communities. The company has a market capitalization of $1.54...
Forestar Group Inc. (FOR) Q4 2023 Earnings Call Transcript
Forestar Group Inc. (NYSE:FOR) Q4 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Ashley Dagley - Corporate Securities Council & IR Daniel Bartok - CEO James Allen - CF...
Forestar Reports Fourth Quarter and Fiscal 2023 Results
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar reported that net income for the fourth quarter of fiscal 2023 increased 43% to $72.4 million or $1.44 per diluted share.
Forestar to Release 2023 Fourth Quarter and Fiscal Year-End Earnings on November 7, 2023
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar Group announced that it will release financial results for its fourth quarter and fiscal year ended September 30, 2023 on November 7, 202...
Forestar Group Inc. (FOR) Q3 2023 Earnings Call Transcript
Forestar Group Inc. (FOR) Q3 2023 Earnings Call Transcript
Forestar Reports Fiscal 2023 Third Quarter Results
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported net income for its third quarter of fiscal 2023 of $46.8 million or $0.93 per diluted share.
Forestar to Release 2023 Third Quarter Earnings on July 20, 2023
ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that the Company will release financial results for its third quarter ended June 30, 2023 on Thursday, July 20, 2023.
Forestar: Headcount Growth And Lot Price Increase Could Imply Undervaluation
Forestar Group's increase in book value per share and gross profit margin improvements are driven by a recent increase in the price of lots. FOR's diversified national presence and short-term project ...