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Forestar Group Inc - FOR STOCK NEWS

Welcome to our dedicated news page for Forestar Group (Ticker: FOR), a resource for investors and traders seeking the latest updates and insights on Forestar Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Forestar Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Forestar Group's position in the market.

News
Forestar Reports Fiscal 2024 Second Quarter Results
Rhea-AI Summary
Forestar Group Inc. reported strong financial results for the second fiscal quarter of 2024, with net income increasing by 67% to $45.0 million, pre-tax income up by 64% to $58.9 million, and consolidated revenues rising by 11% to $333.8 million. Residential lots sold increased by 10% to 3,289 lots, and return on equity expanded by 320 basis points to 14.9%. The company's operational results showed growth in lots sold and controlled, with a positive outlook for future revenue generation and market share consolidation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
earnings
-
News
D.R. Horton, Inc., America's Builder, Reports Fiscal 2024 Second Quarter Earnings and Declares Quarterly Dividend of $0.30 Per Share
Rhea-AI Summary
D.R. Horton, Inc. reported strong fiscal 2024 second-quarter earnings with a 24% increase in net income to $1.2 billion and a 14% rise in consolidated revenues to $9.1 billion. The company also declared a quarterly dividend of $0.30 per share. Homebuilding operations saw revenue increase by 13% to $8.5 billion, with 22,548 homes closed. Rental operations generated $33.3 million in pre-tax income. Forestar, a subsidiary, sold 3,289 lots and generated $333.8 million in revenue. Financial services revenue was $225.6 million. The company repurchased 2.7 million shares of common stock for $402.2 million. D.R. Horton updated its fiscal 2024 guidance with consolidated revenues of $36.7 billion to $37.7 billion and homes closed by homebuilding operations of 89,000 to 91,000 homes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
dividends earnings
-
News
Forestar to Release 2024 Second Quarter Earnings on April 18, 2024
Rhea-AI Summary
Forestar Group Inc. (FOR) will release its Q2 financial results on April 18, 2024, followed by a conference call. The call details and webcast information are provided for participants' convenience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
earnings
News
D.R. Horton, Inc. to Release 2024 Second Quarter Earnings on April 18, 2024
Rhea-AI Summary
D.R. Horton, Inc. (NYSE:DHI) will announce its Q2 financial results on April 18, 2024, with a conference call at 8:30 a.m. ET. The call details and webcast information are provided for participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
earnings
-
News
D.R. Horton, Inc. to Present at the Citi 2024 Global Industrial Tech and Mobility Conference
Rhea-AI Summary
D.R. Horton, Inc. (NYSE:DHI) to present at Citi 2024 Global Industrial Tech and Mobility Conference, offering a webcast accessible via Investor Relations page. Replay available for viewing until April 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.99%
Tags
conferences
-
News
Forestar Reports Fiscal 2024 First Quarter Results
Rhea-AI Summary
Forestar Group Inc. reported an 84% increase in net income to $38.2 million and a 41% increase in consolidated revenues to $305.9 million for the first fiscal quarter ended December 31, 2023. The company's pre-tax income also surged by 84% to $51.2 million, and the pre-tax profit margin improved by 380 basis points to 16.7%. Forestar sold 3,150 residential lots, representing a 39% increase, and the return on equity stood at 14.1%. The company's outlook for fiscal 2024 includes delivering between 14,500 and 15,500 lots, generating $1.4 billion to $1.5 billion in revenue. Forestar's strong balance sheet and liquidity position it well to capitalize on land development opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.24%
Tags
earnings
News
D.R. Horton, Inc., America’s Builder, Reports Fiscal 2024 First Quarter Earnings and Declares Quarterly Dividend of $0.30 Per Share
Rhea-AI Summary
D.R. Horton, Inc. (NYSE:DHI) reported a solid first quarter for fiscal 2024, with net income of $947.4 million and consolidated revenues of $7.7 billion. The company saw an increase in homes closed, net sales orders, and rental operations pre-tax income. However, net income decreased by 1% compared to the same quarter of fiscal 2023, and the cancellation rate for sales orders increased to 19% from 27% in the prior year quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.24%
Tags
dividends earnings
-
News
D.R. Horton, Inc. to Release 2024 First Quarter Earnings on January 23, 2024
Rhea-AI Summary
D.R. Horton, Inc. (NYSE:DHI) to Release Q1 2024 Financial Results on January 23, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
Tags
earnings
-
News
Forestar to Release 2024 First Quarter Earnings on January 23, 2024
Rhea-AI Summary
Forestar Group Inc. (FOR) will release its first quarter financial results on January 23, 2024, followed by a conference call and webcast. The call will be held at 5:00 p.m. ET, with a replay available until January 30, 2024. The webcast replay will be accessible through April 30, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
Tags
earnings
News
Forestar Names Anthony W. Oxley as Incoming CEO and Announces Retirement of Daniel C. Bartok
Rhea-AI Summary
Forestar Group Inc. (FOR) announces the retirement of CEO Dan C. Bartok and the appointment of Andy W. Oxley as President and CEO effective January 1, 2024. Oxley, currently Senior Vice President at D.R. Horton, Inc., brings extensive experience in land acquisition and development. Bartok will support the transition in a consulting role. Chairman Donald J. Tomnitz expressed gratitude to Bartok for his contributions and confidence in Oxley's ability to lead Forestar's continued growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
none
Stock FOR logo
Forestar Group Inc

NYSE:FOR

FOR Rankings

#2063 Ranked by Market Cap
#134 Ranked by Stock Gains
N/A Ranked by Dividends

FOR Stock Data

1.88B
18.23M
63.52%
36.85%
0.96%
Offices of Real Estate Agents and Brokers
Real Estate and Rental and Leasing
Link
US
Arlington

About FOR

today, we own directly or through ventures about 281,000 acres of real estate located in 9 states and 12 markets, 622,000 net acres of oil and gas mineral interests, about 231,000 forested acres and over 224,000 acres currently leased for recreational purposes.