Forestar Group (FOR) Scheduled to Post Earnings on Tuesday

Forestar Group (NYSE:FOR) is scheduled to be announcing its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.31 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Forestar Group Stock Down 0.4 %

Forestar Group stock opened at $31.48 on Monday. Forestar Group has a fifty-two week low of $22.99 and a fifty-two week high of $40.92. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 7.83 and a beta of 1.76. The stock’s fifty day moving average is $31.53 and its two-hundred day moving average is $32.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.50 and a current ratio of 1.50.

Insider Activity at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following the transaction, the director now directly owns 5,951 shares in the company, valued at approximately $193,883.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FOR shares. BTIG Research lowered their price objective on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. JPMorgan Chase & Co. lowered their price target on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Finally, Citigroup cut their price objective on Forestar Group from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 2nd.

About Forestar Group

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.