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Last $12.81 USD
Change Today +0.23 / 1.83%
Volume 241.0K
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

forestar group inc (FOR) Snapshot

Open
$12.55
Previous Close
$12.58
Day High
$13.00
Day Low
$12.55
52 Week High
09/3/14 - $20.20
52 Week Low
08/24/15 - $11.45
Market Cap
531.3M
Average Volume 10 Days
230.2K
EPS TTM
$-0.32
Shares Outstanding
33.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORESTAR GROUP INC (FOR)

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forestar group inc (FOR) Details

Forestar Group Inc. operates as a real estate, and oil and gas company in the United States. It operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. The Real Estate segment engages in the acquisition, entitlement, development, and sale of real estate, primarily residential and mixed-use communities. It also sells commercial tracts; residential lots primarily to homebuilders; and undeveloped land through its retail sales programs, as well as operates income producing properties, such as a hotel and multifamily properties. This segment owns, directly or through ventures, approximately 113,000 acres of real estate located in 10 states and 13 markets in the United States; has 11 real estate projects representing approximately 24,000 acres in the entitlement process, as well as 75 entitled, developed, or under development projects in 8 states and 13 markets encompassing approximately 12,000 acres. The Oil and Gas segment focuses on the exploration, development, and production of oil and gas on its owned and leasehold mineral interests. It leases its mineral interests to third parties for the exploration and production of oil and gas. This segment has approximately 960,000 net acres of oil and gas mineral interests located in 16 states in the continental United States. The Other Natural Resources segment sells wood fiber from portions of its land primarily in Georgia; and leases land for recreational uses. This segment, directly or through ventures, owns approximately 102,000 acres of timber. It also holds water interests in about 1.5 million acres. The company is headquartered in Austin, Texas.

150 Employees
Last Reported Date: 03/6/15

forestar group inc (FOR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $591.7K
Chief Financial Officer and Treasurer
Total Annual Compensation: $448.3K
Chief Real Estate Officer
Total Annual Compensation: $370.8K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $340.0K
Executive Vice President of Water Resources
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2014.

forestar group inc (FOR) Key Developments

Forestar Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Charge for the Second Quarter Ended June 30, 2015; Provides Residential Lot Sales and Capital Expenditure Guidance for the Full Year of 2015

Forestar Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenues were $57,430,000 against $83,013,000 a year ago. Loss before taxes was $55,251,000 against income before taxes of $22,873,000 a year ago. Net loss attributable to the company was $34,507,000 against net income attributable to the company of $14,822,000 a year ago. Diluted net loss per common share was $1.01 against diluted net income per common share of $0.34 a year ago. Net income - excluding special items was $2.2 million against $14.8 million a year ago. Earnings per share - excluding special items were $0.06 against $0.34 a year ago. For the six months, total revenues were $105,235,000 against $167,618,000 a year ago. Loss before taxes was $67,768,000 against income before taxes of $35,865,000 a year ago. Net income attributable to the company was $42,665,000 against net income attributable to the company of $23,156,000 a year ago. Diluted net loss per common share was $1.25 against diluted net income per common share of $0.53 a year ago. Net debt was $336,079,000 against $216,160,000 a year ago. Net loss - excluding special items was $6.0 million against net income - excluding special items $23.2 million a year ago. Loss per share - excluding special items was $0.18 against earnings per share - excluding special items of $0.53 a year ago. For the quarter, the company reported proved property impairments of $0.47 and unproved leasehold interest impairments of $0.40. The company anticipates residential lot sales in 2015 to be in the range of 1,800 lots to 1,900 lots, with higher average lot margins compared with 2014. However, as a result of construction and inspection delays associated with abnormally wet weather conditions in Texas during second quarter, there is some timing risk associated with final completion and sale of approximately 300 lots currently under development near Houston, which may be delayed until first quarter 2016. For 2015, new capital commitment is expected to be in the $10 million to $15 million range as compared to approximately $110 million last year. For 2015, the company continues to anticipate that fiber sales are going to be in the range of 275,000 tons to 300,000 tons.

Forestar Group Inc. Provides Earnings Guidance for the Second Quarter of 2015

Forestar Group Inc. provided earnings guidance for the second quarter of 2015. For the period, the company expects an oil and gas segment loss in the range of $56 million – $58 million in second quarter 2015. Excluding these non-cash charges, second quarter 2015 oil and gas segment earnings would be essentially break-even, despite a significant decline in oil prices. In addition, second quarter 2015 real estate segment earnings are expected to be in the range of $14 million – $16 million. As a result of non-cash charges associated with non-core oil and gas assets, the company estimates an unaudited net loss for second quarter 2015 in the range of $33 million – $36 million, or $1.00 – $1.05 per share. Excluding these non-cash charges, second quarter 2015 net income is estimated to be in the range of $1 million – $2 million, or $0.01 – $0.05 per share.

Forestar Group Inc. to Report Q2, 2015 Results on Aug 05, 2015

Forestar Group Inc. announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Aug 05, 2015

 

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FOR:US $12.81 USD +0.23

FOR Competitors

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Company Last Change
Alico Inc $42.25 USD -0.05
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Industry Analysis

FOR

Industry Average

Valuation FOR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.8x
Price/Book 0.7x
Price/Cash Flow 15.4x
TEV/Sales NM Not Meaningful
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