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The closing price of Forestar Group Inc (NYSE: FOR) was $31.61 for the day, up 0.99% from the previous closing price of $31.30. In other words, the price has increased by $0.99 from its previous closing price. On the day, 0.56 million shares were traded. FOR stock price reached its highest trading level at $32.22 during the session, while it also had its lowest trading level at $31.1201.
Ratios:
Our analysis of FOR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.17. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.48.
On April 16, 2021, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $32.Wells Fargo initiated its Overweight rating on April 16, 2021, with a $32 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 27 ’23 when BARTOK DANIEL C sold 1,000 shares for $34.23 per share. The transaction valued at 34,225 led to the insider holds 20,000 shares of the business.
BARTOK DANIEL C sold 949 shares of FOR for $32,978 on Dec 20 ’23. The Chief Executive Officer now owns 21,000 shares after completing the transaction at $34.75 per share. On Dec 15 ’23, another insider, Ringler G.F. (Rick) III, who serves as the Director of the company, sold 2,000 shares for $33.24 each. As a result, the insider received 66,475 and left with 7,267 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FOR now has a Market Capitalization of 1599551360 and an Enterprise Value of 1890052096. As of this moment, Forestar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.87, and their Forward P/E ratio for the next fiscal year is 7.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 1.213 whereas that against EBITDA is 7.566.
Stock Price History:
The Beta on a monthly basis for FOR is 1.75, which has changed by 0.75611115 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, FOR has reached a high of $40.92, while it has fallen to a 52-week low of $15.39. The 50-Day Moving Average of the stock is -11.18%, while the 200-Day Moving Average is calculated to be 2.98%.
Shares Statistics:
FOR traded an average of 243.36K shares per day over the past three months and 354310 shares per day over the past ten days. A total of 49.90M shares are outstanding, with a floating share count of 18.21M. Insiders hold about 63.51% of the company’s shares, while institutions hold 36.58% stake in the company. Shares short for FOR as of 1711584000 were 479217 with a Short Ratio of 1.97, compared to 1709164800 on 562923. Therefore, it implies a Short% of Shares Outstanding of 479217 and a Short% of Float of 2.6300002.
Earnings Estimates
The current market rating for Forestar Group Inc (FOR) reflects the collective analysis of 4 analysts closely monitoring its performance.On average, analysts expect EPS of $0.9 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.77, while EPS last year was $0.93. The consensus estimate for the next quarter is $1.33, with high estimates of $1.4 and low estimates of $1.3.
Analysts are recommending an EPS of between $3.93 and $3.73 for the fiscal current year, implying an average EPS of $3.84. EPS for the following year is $4.15, with 3 analysts recommending between $4.24 and $4.06.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for FOR’s current fiscal year. The highest revenue estimate was $1.6B, while the lowest revenue estimate was $1.48B, resulting in an average revenue estimate of $1.53B. In the same quarter a year ago, actual revenue was $1.44B, up 6.50% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.72B in the next fiscal year. The high estimate is $1.81B and the low estimate is $1.62B. The average revenue growth estimate for next year is up 12.50% from the average revenue estimate for this year.
