Forestar Group (FOR) Releases Earnings Results, Beats Expectations By $0.18 EPS

Forestar Group (FOR) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $0.10. The company posted revenue of $46.40 million in the period, compared to analysts expectations of $41.24 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Forestar Group closed down -0.16 points or -1.31% at $12.09 with 12,42,135 shares getting traded on Thursday. Post opening the session at $12.19, the shares hit an intraday low of $12.03 and an intraday high of $12.41 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Mar 9, 2016, Richard D. Squires (director) purchased 5,000 shares at $10.94 per share price.

Forestar Group Inc. is a real estate and oil and gas company. The Company owns directly or through ventures approximately 113000 acres of real estate located in 10 states and 13 markets including approximately 102000 acres with timber primarily in Georgia. It also has approximately 960000 net acres of oil and gas mineral interests. The Company operates in three segments: real estate oil and gas and other natural resources. Its real estate segment conducts project planning and management activities related to the acquisition entitlement development and sale of real estate primarily residential and mixed-use communities. Its oil and gas segment is engaged in the exploration development and production of oil and gas on the Company’s owned and leasehold mineral interests. Its other natural resources segment sells wood fiber from portions of its land primarily in Georgia and leases land for recreational uses.

Forestar Group

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