Forestar Group Inc. (FOR) Sees Large Volume Increase
Shares of Forestar Group Inc. (NYSE:FOR) saw strong trading volume on Monday . 245,384 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 226,035 shares.The stock last traded at $12.70 and had previously closed at $12.39.
Separately, Zacks Investment Research upgraded Forestar Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th.
The company’s market capitalization is $432.54 million. The firm’s 50-day moving average is $12.21 and its 200 day moving average is $12.03.
Forestar Group (NYSE:FOR) last issued its quarterly earnings data on Friday, July 29th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.13. The firm earned $46.40 million during the quarter, compared to the consensus estimate of $44.80 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts expect that Forestar Group Inc. will post $0.56 earnings per share for the current fiscal year.
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.
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