Forestar Reports Fiscal 2024 Second 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 second fiscal quarter ended March 31, 2024.Fiscal 2024 Second Quarter HighlightsAll comparisons are year-over-yearNet income increased 67% to $45.0 million or $0.89 per diluted sharePre-tax income increased 64% to $58.9 million, with a pre-tax profit margin of 17.6%Consolidated revenues increased 11% to $333.8 millionResidential lots sold increased 10% to 3,289 lotsOwned and controlled lots increased 26% to 96,100 lotsReturn on equity expanded 320 basis points to 14.9% for the trailing twelve months ended March 31, 2024Book value per share increased 16% to $29.09Net debt to total capital ratio of 16.4%Financial ResultsNet income for the second quarter of fiscal 2024 increased 67% to $45.0 million, or $0.89 per diluted share, compared to $26.9 million, or $0.54 per diluted share, in the same quarter of fiscal 2023. P
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News
- Forestar Group Inc. (NYSE: FOR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Will Weakness in Forestar Group Inc.'s (NYSE:FOR) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Why Forestar Group Stock Was Sinking This Week [Yahoo! Finance]Yahoo! Finance
- Forestar Group Inc. (NYSE:FOR) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Forestar Group Inc. (NYSE: FOR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
FOR
Earnings
- 4/18/24 - Beat
FOR
Sec Filings
- 5/1/24 - Form 4
- 4/23/24 - Form 10-Q
- 4/18/24 - Form SC
- FOR's page on the SEC website