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. The company sells its residential single-family finished lots to homebuilders. The company is headquartered in Arlington, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc.
IPO Year: 2017
Exchange: NYSE
Website: forestar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/21/2023 | $32.00 | Neutral → Buy | BTIG Research |
| 7/20/2022 | Buy → Neutral | BTIG Research |
4 - Forestar Group Inc. (0001406587) (Issuer)
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144 - Forestar Group Inc. (0001406587) (Subject)
10-Q - Forestar Group Inc. (0001406587) (Filer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
4 - Forestar Group Inc. (0001406587) (Issuer)
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Fourth Quarter Highlights Earnings per diluted share were $3.92 on net income of $1.3 billion Consolidated pre-tax income of $1.7 billion, with a pre-tax profit margin of 17.1% Consolidated revenues of $10.0 billion Home sales revenues of $8.9 billion on 23,647 homes closed Fiscal 2024 Highlights - comparisons to the prior year Earnings per diluted share increased 4% to $14.34 on net income of $4.8 billion Consolidated pre-tax income of $6.3 billion, with a pre-tax profit margin of 17.1% Consolidated revenues increased 4% to $36.8 billion Home sales revenues increased 7% to $33.9 billion on 89,690 homes closed Rental operations
Forestar Group Inc. ("Forestar") (NYSE:FOR), a leading national residential lot developer, today reported financial results for its fourth quarter and fiscal year ended September 30, 2024. Fiscal 2024 Fourth Quarter Highlights All comparisons are year-over-year Net income increased 13% to $81.6 million or $1.60 per diluted share Pre-tax income increased 14% to $108.5 million, with a pre-tax profit margin of 19.7% Revenues of $551.4 million on 5,374 lots sold Fiscal 2024 Highlights All comparisons are year-over-year Net income increased 22% to $203.4 million or $4.00 per diluted share Pre-tax income increased 22% to $270.1 million, with a pre-tax profit margin of 17.9% Revenue
Forestar Group Inc. (NYSE:FOR) announced today that the Company will release financial results for its fourth quarter and fiscal year ended September 30, 2024 on Tuesday, October 29, 2024 before the market opens. The Company will host a conference call that morning at 11:00 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 749922. Participants are encouraged to call in five minutes before the call begins (10:55 a.m. ET). The call will also be webcast from the Company's website at investor.forestar.com. A replay of the call will be available after 3:00 p.m. ET on Tuesday, October 29, 2024 at 877-481-4010. When calling, please reference r
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Third Quarter Highlights - comparisons to the prior year quarter Earnings per diluted share increased 5% to $4.10 on net income of $1.4 billion Consolidated pre-tax income increased 1% to $1.8 billion, with a pre-tax profit margin of 18.1% Consolidated revenues increased 2% to $10.0 billion Homes closed increased 5% to 24,155 homes and 6% in value to $9.2 billion Net sales orders increased 1% to 23,001 homes and were flat in value at $8.7 billion Rental operations pre-tax income of $64.2 million on $413.7 million of revenues from sales of 790 single-family rental homes and 610 multi-family rental units Repurchased 3.0 million
Forestar Group Inc. ("Forestar") (NYSE:FOR), a leading national residential lot developer, today reported financial results for its third fiscal quarter ended June 30, 2024. Fiscal 2024 Third Quarter Highlights All comparisons are year-over-year Net income of $38.7 million or $0.76 per diluted share Pre-tax income of $51.6 million, with a pre-tax profit margin of 16.2% Consolidated revenues of $318.4 million on 3,255 lots sold Owned and controlled lots increased 40% to 102,100 lots Return on equity expanded 190 basis points to 13.8% for the trailing twelve months ended June 30, 2024 Book value per share increased 15% to $29.87 Net debt to total capital ratio of 18.7%
Forestar Group Inc. (NYSE:FOR) announced today that the Company will release financial results for its third quarter ended June 30, 2024 on Thursday, July 18, 2024 before the market opens. The Company will host a conference call that afternoon at 5:00 p.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 893213. Participants are encouraged to call in five minutes before the call begins (4:55 p.m. ET). The call will also be webcast from the Company's website at investor.forestar.com. A replay of the call will be available after 7:00 p.m. ET on Thursday, July 18, 2024 at 877-481-4010. When calling, please reference replay passcode 50732. The
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Second Quarter Highlights - comparisons to the prior year quarter Net income increased 24% to $1.2 billion or $3.52 per diluted share Consolidated pre-tax income increased 23% to $1.5 billion, with a pre-tax profit margin of 16.8% Consolidated revenues increased 14% to $9.1 billion Homes closed increased 15% to 22,548 homes and 14% in value to $8.5 billion Net sales orders increased 14% to 26,456 homes and 17% in value to $10.1 billion Rental operations pre-tax income of $33.3 million on $371.3 million of revenues from sales of 1,109 single-family rental homes and 424 multi-family rental units Repurchased 2.7 million shares of
Forestar Group Inc. ("Forestar") (NYSE:FOR), a leading national residential lot developer, today reported financial results for its second fiscal quarter ended March 31, 2024. Fiscal 2024 Second Quarter Highlights All comparisons are year-over-year Net income increased 67% to $45.0 million or $0.89 per diluted share Pre-tax income increased 64% to $58.9 million, with a pre-tax profit margin of 17.6% Consolidated revenues increased 11% to $333.8 million Residential lots sold increased 10% to 3,289 lots Owned and controlled lots increased 26% to 96,100 lots Return on equity expanded 320 basis points to 14.9% for the trailing twelve months ended March 31, 2024 Book value
Forestar Group Inc. (NYSE:FOR) announced today that the Company will release financial results for its second quarter ended March 31, 2024 on Thursday, April 18, 2024 before the market opens. The Company will host a conference call that afternoon at 5:00 p.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 585201. Participants are encouraged to call in five minutes before the call begins (4:55 p.m. ET). The call will also be webcast from the Company's website at investor.forestar.com. A replay of the call will be available after 7:00 p.m. ET on Thursday, April 18, 2024 at 877-481-4010. When calling, please reference replay passcode 50133.
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 First Quarter Highlights - comparisons to the prior year quarter Net income attributable to D.R. Horton of $947.4 million or $2.82 per diluted share Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 16.1% Consolidated revenues increased 6% to $7.7 billion Homes closed increased 12% to 19,340 homes and 8% in value to $7.3 billion Net sales orders increased 35% to 18,069 homes and 38% in value to $6.8 billion Rental operations pre-tax income of $31.3 million on $195.3 million of revenues from sales of 379 single-family rental homes and 300 multi-family rental units Repurchased 3.3 million shares of com
Forestar Group Inc. ("Forestar") (NYSE:FOR), a leading national residential lot developer, today announced the retirement of Daniel (Dan) C. Bartok and the appointment of Anthony (Andy) W. Oxley as President and Chief Executive Officer (CEO), effective January 1, 2024. Oxley will join the company from D.R. Horton, Inc., where he currently serves as Senior Vice President – Business Development. Bartok will support Forestar in a consulting role for an extended period to ensure a seamless transition. Donald J. Tomnitz, Chairman of the Board, said, "I'd like to express our gratitude to Dan for all of his significant contributions to Forestar. During Dan's tenure as CEO, Forestar has achieved
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Fourth Quarter Highlights Earnings per diluted share were $3.92 on net income of $1.3 billion Consolidated pre-tax income of $1.7 billion, with a pre-tax profit margin of 17.1% Consolidated revenues of $10.0 billion Home sales revenues of $8.9 billion on 23,647 homes closed Fiscal 2024 Highlights - comparisons to the prior year Earnings per diluted share increased 4% to $14.34 on net income of $4.8 billion Consolidated pre-tax income of $6.3 billion, with a pre-tax profit margin of 17.1% Consolidated revenues increased 4% to $36.8 billion Home sales revenues increased 7% to $33.9 billion on 89,690 homes closed Rental operations
Forestar Group Inc. ("Forestar") (NYSE:FOR), a leading national residential lot developer, today reported financial results for its fourth quarter and fiscal year ended September 30, 2024. Fiscal 2024 Fourth Quarter Highlights All comparisons are year-over-year Net income increased 13% to $81.6 million or $1.60 per diluted share Pre-tax income increased 14% to $108.5 million, with a pre-tax profit margin of 19.7% Revenues of $551.4 million on 5,374 lots sold Fiscal 2024 Highlights All comparisons are year-over-year Net income increased 22% to $203.4 million or $4.00 per diluted share Pre-tax income increased 22% to $270.1 million, with a pre-tax profit margin of 17.9% Revenue
Forestar Group Inc. (NYSE:FOR) announced today that the Company will release financial results for its fourth quarter and fiscal year ended September 30, 2024 on Tuesday, October 29, 2024 before the market opens. The Company will host a conference call that morning at 11:00 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 749922. Participants are encouraged to call in five minutes before the call begins (10:55 a.m. ET). The call will also be webcast from the Company's website at investor.forestar.com. A replay of the call will be available after 3:00 p.m. ET on Tuesday, October 29, 2024 at 877-481-4010. When calling, please reference r
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Third Quarter Highlights - comparisons to the prior year quarter Earnings per diluted share increased 5% to $4.10 on net income of $1.4 billion Consolidated pre-tax income increased 1% to $1.8 billion, with a pre-tax profit margin of 18.1% Consolidated revenues increased 2% to $10.0 billion Homes closed increased 5% to 24,155 homes and 6% in value to $9.2 billion Net sales orders increased 1% to 23,001 homes and were flat in value at $8.7 billion Rental operations pre-tax income of $64.2 million on $413.7 million of revenues from sales of 790 single-family rental homes and 610 multi-family rental units Repurchased 3.0 million
Forestar Group Inc. ("Forestar") (NYSE:FOR), a leading national residential lot developer, today reported financial results for its third fiscal quarter ended June 30, 2024. Fiscal 2024 Third Quarter Highlights All comparisons are year-over-year Net income of $38.7 million or $0.76 per diluted share Pre-tax income of $51.6 million, with a pre-tax profit margin of 16.2% Consolidated revenues of $318.4 million on 3,255 lots sold Owned and controlled lots increased 40% to 102,100 lots Return on equity expanded 190 basis points to 13.8% for the trailing twelve months ended June 30, 2024 Book value per share increased 15% to $29.87 Net debt to total capital ratio of 18.7%
Forestar Group Inc. (NYSE:FOR) announced today that the Company will release financial results for its third quarter ended June 30, 2024 on Thursday, July 18, 2024 before the market opens. The Company will host a conference call that afternoon at 5:00 p.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 893213. Participants are encouraged to call in five minutes before the call begins (4:55 p.m. ET). The call will also be webcast from the Company's website at investor.forestar.com. A replay of the call will be available after 7:00 p.m. ET on Thursday, July 18, 2024 at 877-481-4010. When calling, please reference replay passcode 50732. The
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 Second Quarter Highlights - comparisons to the prior year quarter Net income increased 24% to $1.2 billion or $3.52 per diluted share Consolidated pre-tax income increased 23% to $1.5 billion, with a pre-tax profit margin of 16.8% Consolidated revenues increased 14% to $9.1 billion Homes closed increased 15% to 22,548 homes and 14% in value to $8.5 billion Net sales orders increased 14% to 26,456 homes and 17% in value to $10.1 billion Rental operations pre-tax income of $33.3 million on $371.3 million of revenues from sales of 1,109 single-family rental homes and 424 multi-family rental units Repurchased 2.7 million shares of
Forestar Group Inc. ("Forestar") (NYSE:FOR), a leading national residential lot developer, today reported financial results for its second fiscal quarter ended March 31, 2024. Fiscal 2024 Second Quarter Highlights All comparisons are year-over-year Net income increased 67% to $45.0 million or $0.89 per diluted share Pre-tax income increased 64% to $58.9 million, with a pre-tax profit margin of 17.6% Consolidated revenues increased 11% to $333.8 million Residential lots sold increased 10% to 3,289 lots Owned and controlled lots increased 26% to 96,100 lots Return on equity expanded 320 basis points to 14.9% for the trailing twelve months ended March 31, 2024 Book value
Forestar Group Inc. (NYSE:FOR) announced today that the Company will release financial results for its second quarter ended March 31, 2024 on Thursday, April 18, 2024 before the market opens. The Company will host a conference call that afternoon at 5:00 p.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 585201. Participants are encouraged to call in five minutes before the call begins (4:55 p.m. ET). The call will also be webcast from the Company's website at investor.forestar.com. A replay of the call will be available after 7:00 p.m. ET on Thursday, April 18, 2024 at 877-481-4010. When calling, please reference replay passcode 50133.
D.R. Horton, Inc. (NYSE:DHI): Fiscal 2024 First Quarter Highlights - comparisons to the prior year quarter Net income attributable to D.R. Horton of $947.4 million or $2.82 per diluted share Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 16.1% Consolidated revenues increased 6% to $7.7 billion Homes closed increased 12% to 19,340 homes and 8% in value to $7.3 billion Net sales orders increased 35% to 18,069 homes and 38% in value to $6.8 billion Rental operations pre-tax income of $31.3 million on $195.3 million of revenues from sales of 379 single-family rental homes and 300 multi-family rental units Repurchased 3.3 million shares of com
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JP Morgan analyst Michael Rehaut maintains Forestar Group (NYSE:FOR) with a Neutral and lowers the price target from $37.5 to $36.
BTIG analyst Ryan Gilbert maintains Forestar Group (NYSE:FOR) with a Buy and lowers the price target from $41 to $37.
Shares of Domino’s Pizza, Inc. (NYSE:DPZ) fell sharply during Thursday's session after the company reported mixed quarterly results. The company reported second-quarter FY24 sales growth of 7.1% year-on-year to $1.097 billion, missing the analyst consensus estimate of $1.103 billion. The company is temporarily suspending its guidance metric of 1,100+ global net stores growth until the full effect of DPE's store opens and closures on international net store growth are known. Domino’s Pizza shares dipped 11.2% to $420.36 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Onconetix, Inc. (NASDAQ:ONCO) climbed 97.6% to $0.2944. On July 15, Oncon
"The supply of vacant developed lots, particularly at affordable price points, continues to be constrained across most of the country, and Forestar is uniquely positioned to take advantage of the shortage of finished lots for the homebuilding industry. Based on our fiscal year-to-date results and expectations for the fourth quarter, in fiscal 2024, we now expect to deliver between 14,600 and 15,100 lots compared to prior guidance of delivering between 14,500 and 15,500 lots. We still expect to generate $1.4 billion to $1.5 billion in revenue.
Forestar Group (NYSE:FOR) reported quarterly earnings of $0.76 per share which missed the analyst consensus estimate of $0.93 by 18.28 percent. This is a 18.28 percent decrease over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $318.400 million which missed the analyst consensus estimate of $379.202 million by 16.03 percent. This is a 13.69 percent decrease over sales of $368.900 million the same period last year.
Citigroup analyst Anthony Pettinari maintains Forestar Group (NYSE:FOR) with a Buy and lowers the price target from $46 to $43.
Citigroup analyst Anthony Pettinari maintains Forestar Group (NYSE:FOR) with a Buy and raises the price target from $44 to $46.
Companies Reporting Before The Bell • Addex Therapeutics (NASDAQ:ADXN) is estimated to report earnings for its fourth quarter. • Nokia (NYSE:NOK) is estimated to report quarterly earnings at $0.06 per share on revenue of $5.09 billion. • Taiwan Semiconductor (NYSE:TSM) is likely to report quarterly earnings at $1.31 per share on revenue of $18.41 billion. • TH International (NASDAQ:THCH) is projected to report earnings for its fourth quarter. • Ohmyhome (NASDAQ:OMH) is likely to report earnings for its Fiscal Year 2023. • Alaska Air Gr (NYSE:ALK) is likely to report quarterly loss at $0.97 per share on revenue of $2.13 billion. • Snap-on (NYSE:SNA) is projected to report quarterly ear
BTIG Research upgraded Forestar from Neutral to Buy and set a new price target of $32.00
BTIG Research downgraded Forestar from Buy to Neutral
Wells Fargo initiated coverage of Forestar Group with a rating of Overweight and set a new price target of $32.00
Wolfe Research initiated coverage of Forestar with a rating of Outperform
Citigroup reiterated coverage of Forestar Group with a rating of and set a new price target of $30.00 from $26.00 previously
B of A Securities reiterated coverage of Forestar Group with a rating of Buy and set a new price target of $27 from $25 previously