Forestar Group Inc. (FOR)

NYSE: FOR · IEX Real-Time Price · USD
34.66
-1.48 (-4.10%)
Apr 17, 2024, 2:32 PM EDT - Market open
-4.10%
Market Cap 1.73B
Revenue (ttm) 1.53B
Net Income (ttm) 184.30M
Shares Out 49.91M
EPS (ttm) 3.67
PE Ratio 9.65
Forward PE 9.58
Dividend n/a
Ex-Dividend Date n/a
Volume 206,756
Open 36.53
Previous Close 36.14
Day's Range 34.47 - 36.53
52-Week Range 15.39 - 40.92
Beta 1.70
Analysts Strong Buy
Price Target 32.50 (-6.23%)
Earnings Date Apr 18, 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]

Sector Real Estate
IPO Date Dec 12, 2007
Employees 303
Stock Exchange NYSE
Ticker Symbol FOR
Full Company Profile

Financial Performance

In 2023, Forestar Group's revenue was $1.44 billion, a decrease of -5.41% compared to the previous year's $1.52 billion. Earnings were $166.90 million, a decrease of -6.66%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for FOR stock is "Strong Buy." The 12-month stock price forecast is $32.5, which is a decrease of -6.23% from the latest price.

Price Target
$32.5
(-6.23% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

5 weeks ago - Business Wire

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.

3 months ago - Business Wire

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.

4 months ago - Business Wire

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.

5 months ago - Business Wire

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.

5 months ago - Business Wire

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...

7 months ago - Business Wire

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.

9 months ago - Business Wire

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.

10 months ago - Business Wire

Forestar to Present at the J.P. Morgan Homebuilding & Building Products Conference on May 17, 2023

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar will participate in a fireside chat via webcast at the J.P. Morgan Homebuilding & Building Products Conference on May 17, 2023.

1 year ago - Business Wire

Forestar Reports Fiscal 2023 Second Quarter Results

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported net income for its second quarter of fiscal 2023 of $26.9 million or $0.54 per diluted share.

1 year ago - Business Wire

Forestar to Release 2023 Second Quarter Earnings on April 20, 2023

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar Group Inc. (NYSE: FOR) announced today that the Company will release financial results for its second quarter ended March 31, 2023 on Thursday, Apr...

1 year ago - Business Wire

Forestar Reports Fiscal 2023 First Quarter Results

ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its first quarter ended December 3...

1 year ago - Business Wire

Forestar to Release 2023 First Quarter Earnings on January 24, 2023

ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. (NYSE: FOR) announced today that the Company will release financial results for its first quarter ended December 31, 2022 on Tuesday, January 2...

1 year ago - Business Wire

Forestar Reports Fourth Quarter and Fiscal 2022 Results

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported net income increased 62% to $178.8 million or $3.59 per diluted share in fiscal 2022.

1 year ago - Business Wire

Forestar Names Mark Walker Chief Operating Officer

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced the promotion of Mark Walker to Chief Operating Officer, effective October 1, 2022.

1 year ago - Business Wire

Forestar to Release 2022 Fourth Quarter and Fiscal Year-End Earnings on November 9, 2022

ARLINGTON, Texas--(BUSINESS WIRE)--Forestar announced it will release financial results for its fourth quarter and fiscal year ended September 30, 2022 on Wednesday, November 9, 2022.

1 year ago - Business Wire

Forestar Reports Fiscal 2022 Third Quarter Results

ARLINGTON, Texas--(BUSINESS WIRE)--Forestar reported net income increased 151% to $39.7 million or $0.80 per diluted share

1 year ago - Business Wire

Forestar to Release 2022 Third Quarter Earnings on July 19, 2022

ARLINGTON, Texas--(BUSINESS WIRE)--Forestar announced today that the Company will release financial results for its third quarter ended June 30, 2022 on Tuesday, July 19, 2022.

2 years ago - Business Wire

Forestar Reports Fiscal 2022 Second Quarter Results

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar reported that net income for its second fiscal quarter ended March 31, 2022 increased 68% to $47.8 million or $0.96 per diluted share.

2 years ago - Business Wire

Forestar to Release 2022 Second Quarter Earnings on April 21, 2022

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar announced that it will release financial results for its second quarter ended March 31, 2022 on Thursday, April 21, 2022.

2 years ago - Business Wire

Forestar to Present at the 2022 Citi Global Property CEO Conference

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR--Forestar announced that Daniel C. Bartok will participate in a roundtable presentation at the Citi Global Property CEO Conference on March 8, 2022.

2 years ago - Business Wire

Forestar Reports Fiscal 2022 First Quarter Results

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar reported that net income for its first quarter of fiscal 2022 increased 84% to $40.5 million or $0.81 per diluted share.

2 years ago - Business Wire

Forestar to Release 2022 First Quarter Earnings on January 27, 2022

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar announced that the Company will release financial results for its first quarter ended December 31, 2021 on Thursday, January 27, 2022.

2 years ago - Business Wire

Forestar Reports Fourth Quarter and Fiscal 2021 Results

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar reported that net income for the fourth quarter of fiscal 2021 increased 82% to $44.0 million or $0.89 per diluted share.

2 years ago - Business Wire

Forestar to Release 2021 Fourth Quarter and Fiscal Year-End Earnings on November 4, 2021

ARLINGTON, Texas--(BUSINESS WIRE)---- $FOR #earnings--Forestar announced that it will release financial results for its fourth quarter and fiscal year ended September 30, 2021 on November 4, 2021.

2 years ago - Business Wire