Forestar Group Inc. (FOR)

NYSE: FOR · IEX Real-Time Price · USD
15.05
+0.03 (0.20%)
Dec 5, 2022 4:00 PM EST - Market closed
0.2%
Market Cap 747.54M
Revenue (ttm) 1.52B
Net Income (ttm) 178.80M
Shares Out 49.80M
EPS (ttm) 3.71
PE Ratio 4.06
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 135,282
Open 14.98
Previous Close 15.02
Day's Range 14.78 - 15.09
52-Week Range 10.28 - 22.6
Beta 1.69
Analysts Buy
Price Target 16.15 (+7.3%)
Earnings Date Nov 9, 2022

About FOR

Forestar Group Inc. operates as a residential lot development company in the United States. The 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 is headquartered in Arlington, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc. [Read more]

Industry Real Estate Management & Development
IPO Date Dec 12, 2007
CEO Daniel Bartok
Employees 291
Stock Exchange NYSE
Ticker Symbol FOR
Full Company Profile

Financial Performance

In 2022, Forestar Group's revenue was $1.52 billion, an increase of 14.58% compared to the previous year's $1.33 billion. Earnings were $178.80 million, an increase of 62.25%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for FOR stock is "Buy." The 12-month stock price forecast is 16.15, which is an increase of 7.31% from the latest price.

Price Target
$16.15
(7.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Wall Street Analysts Predict a 31% Upside in Forestar Group (FOR): Here's What You Should Know

The mean of analysts' price targets for Forestar Group (FOR) points to a 31.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among anal...

3 days ago - Zacks Investment Research

Are Investors Undervaluing Forestar Group (FOR) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

4 days ago - Zacks Investment Research

Fast-paced Momentum Stock Forestar Group (FOR) Is Still Trading at a Bargain

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Forestar Group (FOR) could be a great choice. It is one of the several stocks that pas...

4 days ago - Zacks Investment Research

Snap These 4 Top-Ranked Liquid Stocks to Power Your Portfolio

Here are four top-ranked liquid stocks, Perion Network (PERI), WhiteHorse Finance, (WHF), Forestar Group (FOR) and TravelCenters of America (TA), which investors can add to their portfolio for returns.

Other symbols: PERITAWHF
1 week ago - Zacks Investment Research

How Much Upside is Left in Forestar Group (FOR)? Wall Street Analysts Think 40%

The average of price targets set by Wall Street analysts indicates a potential upside of 39.7% in Forestar Group (FOR). While the effectiveness of this highly sought-after metric is questionable, the po...

2 weeks ago - Zacks Investment Research

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.

3 weeks 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.

2 months 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.

2 months ago - Business Wire

2 Real Estate Development Stocks to Avoid Amid Industry Woes

Zacks Real Estate - Development industry stocks LGIH and FOR are likely to bear the brunt of rising interest rates and inflationary pressure as well as a shortage in construction materials.

Other symbols: LGIH
2 months ago - Zacks Investment Research

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

4 months 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.

5 months ago - Business Wire

Is Forestar Group (FOR) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

5 months ago - Zacks Investment Research

Is Forestar Group (FOR) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

6 months ago - Zacks Investment Research

Forestar Group (FOR) Loses 13% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Forestar Group (FOR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revisi...

6 months ago - Zacks Investment Research

Forestar Group (FOR) is an Incredible Growth Stock: 3 Reasons Why

Forestar Group (FOR) is well positioned to outperform the market, as it exhibits above-average growth in financials.

7 months ago - Zacks Investment Research

Forestar Group (FOR) Moves to Buy: Rationale Behind the Upgrade

Forestar Group (FOR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

7 months ago - Zacks Investment Research

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.

7 months 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.

8 months 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.

9 months ago - Business Wire

Forestar Group (FOR) Upgraded to Strong Buy: Here's Why

Forestar Group (FOR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

10 months ago - Zacks Investment Research

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.

10 months ago - Business Wire

Why Fast-paced Mover Forestar Group (FOR) Is a Great Choice for Value Investors

Forestar Group (FOR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still tr...

11 months ago - Zacks Investment Research

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.

11 months 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.

1 year 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.

1 year ago - Business Wire