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Last $15.85 USD
Change Today -0.18 / -1.12%
Volume 177.8K
FOR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

forestar group inc (FOR) Snapshot

Open
$16.08
Previous Close
$16.03
Day High
$16.28
Day Low
$15.71
52 Week High
08/8/14 - $20.33
52 Week Low
01/30/15 - $12.91
Market Cap
532.9M
Average Volume 10 Days
217.1K
EPS TTM
$0.06
Shares Outstanding
33.6M
EX-Date
--
P/E TM
245.7x
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. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year of 2014; Provides Sales, Production and Capital Investment Guidance for the Year 2015

Forestar Group Inc. announced unaudited earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported net loss attributable to company of $11.8 million or $0.34 per diluted share on total revenue of $80.3 million compared to net income attributable to company of $13 million or $0.33 per diluted share on total revenue of $98.4 million reported in the same period last year. Total segment loss was $5.7 million against total segment earnings of $32.4 million reported last year. Loss before taxes was $18.6 million against income before taxes of $20.2 million reported last year. For the year, the company reported net income attributable to company of $16.6 million or $0.38 per diluted share on total revenue of $306.8 million compared to net income attributable to company of $29.3 million or $0.80 per diluted share on total revenue of $331.05 million reported in the same period last year. Total segment earnings were $79.7 million against $93.8 million reported last year. Income before taxes was $25.2 million against $36.5 million reported last year. Net debt at the end of the period was $262.6 million against $165.1 million reported a year ago. The company look at 2015 sales activity, excluding almost 370 bulk residential lot sales in 2014, The company expects 2015 residential lot sales volume to be essentially flat compared with 2014, in the range of 1,800 - 1,900 lots, with average lot margins up over 2014, which will be relatively flat with 2014 levels excluding the bulk sales. For 2015, The company expects fiber sales to be in the 275,000- to 300,000-ton range. In addition, the company continues to work toward being a part of economic water solutions for Texas. The company currently has an export permit for 12,000 acre feet. And the company is pursuing the balance of the 45,000 acre feet requested here in Central Texas. The company anticipates 2015 oil and gas production to remain essentially flat compared with 2014. Based on current oil price forecast, 2015 oil and gas capital expenditures are expected to be down significantly. The company expects its 2015 capital investment to be down significantly compared with 2014, principally related to existing well commitments.

Forestar Seeks Acquisitions

Forestar Group Inc. (NYSE:FOR) seeks acquisitions. "We will continue to evaluate and acquire additional residential and multifamily sites to grow our business through strategic and disciplined investments," said Jim DeCosmo, President and Chief Executive Officer of Forestar Group.

Forestar Group Inc. Announces Board Changes

Forestar Group Inc. announced that it has reached an agreement with Cove Street Capital, LLC and SpringOwl Associates, LLC, regarding the membership and composition of the board of directors of the company. Under the terms of the agreement, the company appointed Daniel B. Silvers of SpringOwl Asset Management LLC and David L. Weinstein, former President and Chief Executive Officer of MPG Office Trust, to serve as directors of the company. In addition, Carl A. Thomason has resigned from the board, and Michael E. Dougherty confirmed that he will retire from the board by the annual meeting of stockholders in May 2016 under the company's board retirement guidelines.

 

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Industry Analysis

FOR

Industry Average

Valuation FOR Industry Range
Price/Earnings 51.5x
Price/Sales 1.8x
Price/Book 0.8x
Price/Cash Flow 10.9x
TEV/Sales NM Not Meaningful
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