Forestar Reports Fiscal 2024 Third Quarter Results
Forestar Group Inc (FOR)
Last forestar group inc earnings: 4/23 04:05 pm
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US:NYSE Investor Relations:
investor.forestargroup.com
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Source: Business Wire
ARLINGTON, Texas--(BUSINESS WIRE)--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 HighlightsAll comparisons are year-over-yearNet income of $38.7 million or $0.76 per diluted sharePre-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 soldOwned and controlled lots increased 40% to 102,100 lotsReturn on equity expanded 190 basis points to 13.8% for the trailing twelve months ended June 30, 2024Book value per share increased 15% to $29.87Net debt to total capital ratio of 18.7%Financial ResultsNet income for the third quarter of fiscal 2024 decreased 17% to $38.7 million, or $0.76 per diluted share, compared to $46.8 million, or $0.93 per diluted share, in the same quarter of fiscal 2023. Pre-tax income for the quarter decreased 17% to $51.6 million from $62.4 mill
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News
- Forestar to Release 2024 Fourth Quarter and Fiscal Year-End Earnings on October 29, 2024Business Wire
- Investors in Forestar Group (NYSE:FOR) have seen decent returns of 56% over the past five years [Yahoo! Finance]Yahoo! Finance
- Jim Cramer does his homework on Forestar Group [CNBC]CNBC
- Forestar Group Inc. (NYSE: FOR) had its price target lowered by analysts at JPMorgan Chase & Co. from $37.50 to $36.00. They now have a "neutral" rating on the stock.MarketBeat
- Forestar Group Inc. (NYSE: FOR) had its price target lowered by analysts at BTIG Research from $41.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
FOR
Earnings
- 7/18/24 - Miss
FOR
Sec Filings
- 9/27/24 - Form 144
- 9/23/24 - Form S-3
- 8/7/24 - Form 4
- FOR's page on the SEC website