Welcome to our dedicated page for Forestar Group news (Ticker: FOR), a resource for investors and traders seeking the latest updates and insights on Forestar Group stock.
Forestar Group Inc. develops and sells finished single-family residential lots for homebuilders through a national residential lot development platform. News about Forestar centers on fiscal earnings, lot deliveries, owned and controlled lot positions, land acquisition and development spending, contracted lot sales and liquidity.
Company updates also discuss its relationship with D.R. Horton, including lot-sale arrangements and rights of first offer, as well as guidance for revenue and lot deliveries. Coverage links Forestar's results to housing demand, affordability conditions and the pace of residential community development.
D.R. Horton (NYSE:DHI), America's Builder, has announced the release date for its 2024 fourth quarter and fiscal year-end earnings. The financial results will be disclosed on Tuesday, October 29, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Time on the same day. Investors can dial in at 888-506-0062 using access code 584166. The call will also be webcast from the company's investor relations website. A replay of the call will be available after 12:30 p.m. ET, accessible via phone at 877-481-4010 (replay passcode 51206) until November 5, 2024, and through the website until January 31, 2025.
D.R. Horton, Inc. (NYSE:DHI) reported strong fiscal 2024 third quarter results, with earnings per diluted share increasing 5% to $4.10 on net income of $1.4 billion. Consolidated revenues rose 2% to $10.0 billion, while homes closed increased 5% to 24,155. The company's return on equity was 21.5% for the trailing twelve months ended June 30, 2024. D.R. Horton maintained a strong liquidity position with $5.8 billion in total liquidity. The company also declared a quarterly dividend of $0.30 per share and announced a new $4.0 billion share repurchase authorization. Despite elevated inflation and mortgage rates, D.R. Horton remains well-positioned with its affordable product offerings and flexible lot supply.
Forestar Group Inc. (NYSE: FOR) reported its fiscal 2024 third quarter results. Net income decreased 17% to $38.7 million, or $0.76 per diluted share. Revenues decreased 14% to $318.4 million. The company sold 3,255 lots, a 15% decrease from the previous year. However, for the nine months ended June 30, 2024, net income increased 29% to $121.8 million, and revenues increased 8% to $958.0 million.
Forestar's lot position increased 40% to 102,100 lots. The company's return on equity expanded 190 basis points to 13.8%. Forestar ended the quarter with $744.4 million in total liquidity and a net debt to total capital ratio of 18.7%. For fiscal 2024, Forestar now expects to deliver between 14,600 and 15,100 lots, generating $1.4 billion to $1.5 billion in revenue.
Forestar Group (NYSE: FOR) will announce its financial results for Q3 2024 on July 18, 2024, before the market opens. A conference call to discuss these results is scheduled for the same day at 5:00 p.m. ET. The call will be accessible via the dial-in number 888-506-0062 with access code 893213, and a webcast will be available on Forestar's investor website. A replay of the call will be available starting from 7:00 p.m. ET on July 18, 2024, until July 25, 2024, via 877-481-4010 with replay passcode 50732. Additionally, the webcast replay will be accessible on the website until November 15, 2024.
D.R. Horton (NYSE:DHI), a leading homebuilder, will release its Q3 2024 financial results on July 18, 2024, before the market opens. The results will cover the quarter ending June 30, 2024. A conference call is scheduled for 8:30 a.m. ET on the same day, accessible via 888-506-0062 with access code 956414. Participants are advised to join five minutes early. The call will also be webcast on the company’s investor relations site, and a replay will be accessible at 877-481-4010 using passcode 50731. The teleconference replay will be available until July 25, 2024, and the webcast replay will be available until November 15, 2024.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.