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Forestar Group Inc (FOR.N)

FOR.N on New York Stock Exchange

14.83USD
19 Nov 2018
Change (% chg)

$-0.51 (-3.32%)
Prev Close
$15.34
Open
$15.34
Day's High
$15.34
Day's Low
$14.77
Volume
12,253
Avg. Vol
15,553
52-wk High
$26.35
52-wk Low
$14.77

Latest Key Developments (Source: Significant Developments)

D.R. Horton Says Q3 Average Average Closing Price Was $302,000
Thursday, 26 Jul 2018 

July 26 (Reuters) - D.R. Horton Inc ::D.R. HORTON SAYS Q3 AVERAGE AVERAGE CLOSING PRICE WAS $302,000, UP 3% FROM THE PRIOR YEAR QUARTER - CONF CALL.D.R. HORTON SAYS EXPERIENCING HEALTHY MARKET CONDITIONS ACROSS MOST OF OUR MARKETS WITH SOLID DEMAND, ESPECIALLY AT AFFORDABLE PRICE POINTS.D.R. HORTON SAYS Q4 HOME SALES GROSS MARGIN WILL BE RELATIVELY CONSISTENT WITH Q3.D.R. HORTON SAYS BOARD OF DIRECTORS INCREASED SHARE REPURCHASE AUTHORIZATION TO $400 MILLION, EFFECTIVE THROUGH SEPT 2019, REPLACING PRIOR AUTHORIZATION.D.R. HORTON SAYS PRELIMINARY EXPECTATIONS FOR FISCAL 2019 ARE FOR CONSOLIDATED REVENUES TO INCREASE 10% TO 15%.D.R. HORTON SAYS SEE A LOT OF BUYERS, A LOT OF DEMAND, A LOT OF TRAFFIC SPECIFICALLY IN CALIFORNIA AT THE PRICE POINTS WE'RE SERVING.D.R. HORTON SEES CONSOLIDATED REVENUES OF $16.1 BILLION TO $16.3 BILLION THIS YEAR.D.R. HORTON SAYS ON ACQUISITIONS, IT IS VERY MUCH A BIG PART OF OUR CAPITAL ALLOCATION PLANS, WE'VE BEEN ACTIVELY LOOKING, AND WE ARE ACTIVELY LOOKING.D.R. HORTON SAYS LOOKING AT "SEVERAL MORE" OVER NEXT FEW QTRS IN THE YEAR, PROBABLY $400 MILLION-$600 MILLION OF PURCHASE PRICE ON THOSE WE'RE LOOKING AT TODAY.D.R. HORTON SAYS CONTINUE TO BE MAINLY INTERESTED IN PRIVATE BUILDERS.D.R. HORTON SAYS WILL BEGIN THE PROCESS OF PREPARING FORESTAR FOR THE PUBLIC MARKETS.D.R. HORTON SAYS THERE'S STILL EXTREMELY LIMITED SUPPLY AT AFFORDABLE PRICE POINTS, CONTINUE TO SEE VERY ROBUST DEMAND AND NO SIGN OF WEAKNESS AT THOSE PRICE POINT.  Full Article

D.R. Horton Inc Qtrly Earnings Per Share $1.18
Thursday, 26 Jul 2018 

July 26 (Reuters) - D.R. Horton Inc ::D.R. HORTON, INC., AMERICA’S BUILDER, REPORTS FISCAL 2018 THIRD QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDEND OF $0.125 PER SHARE.INCREASING FISCAL 2018 GUIDANCE FOR CONSOLIDATED PRE-TAX PROFIT MARGIN TO A RANGE OF 12.7% TO 12.9%.QTRLY NET SALES ORDERS INCREASED 13% IN VALUE TO $4.4 BILLION AND 12% IN HOMES TO 14,650.QTRLY EARNINGS PER SHARE $1.18.HOMES CLOSED IN QUARTER UP 16% IN VALUE TO $4.3 BILLION AND 13% IN HOMES TO 14,114.QTRLY HOMEBUILDING REVENUE FOR Q3 OF FISCAL 2018 INCREASED 17% TO $4.3 BILLION.QTRLY HOMES CLOSED IN QUARTER INCREASED 13% TO 14,114 HOMES.HOMEBUILDING REVENUE FOR Q3 OF FISCAL 2018 INCREASED 17% TO $4.3 BILLION FROM $3.7 BILLION IN SAME QUARTER OF FISCAL 2017.QTRLY NET SALES ORDERS INCREASED 13% IN VALUE TO $4.4 BILLION AND 12% IN HOMES TO 14,650.CONTINUE TO EXPECT TO GROW REVENUES AND PRE-TAX PROFITS AT A DOUBLE-DIGIT ANNUAL PACE.INCREASING ITS FISCAL 2018 GUIDANCE FOR CONSOLIDATED PRE-TAX PROFIT MARGIN TO A RANGE OF 12.7% TO 12.9%.HOMES IN INVENTORY AT JUNE 30, 2018 INCREASED 8% TO 29,800 HOMES COMPARED TO 27,600 HOMES AT JUNE 30, 2017.EXPECTS TO GENERATE INCREASING ANNUAL OPERATING CASH FLOWS AND RETURNS.ENDED Q3 WITH $748.0 MILLION OF HOMEBUILDING UNRESTRICTED CASH.Q3 EARNINGS PER SHARE VIEW $1.08, REVENUE VIEW $4.32 BILLION -- THOMSON REUTERS I/B/E/S.D.R. HORTON - QTRLY REVENUES $4,435.3 MILLION VERSUS $3,776.4 MILLION.  Full Article

Forestar announces make-whole fundamental change relating to outstanding convertible senior notes
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Forestar Group Inc :Forestar announces fundamental change and make-whole fundamental change relating to outstanding convertible senior notes.Forestar Group Inc - delivered notice to holders of 3.75 pct convertible senior notes due 2020 of "fundamental change" effective as of Oct 5​.Forestar Group - ‍as result of fundamental change, holders of 3.75 pct convertible senior notes have right to convert their notes at any time until Nov 9.Forestar Group Inc - ‍there will be no increase of conversion rate in connection with make-whole fundamental change​.  Full Article

Forestar Group unit enters letter of credit facility agreement for $30 mln​
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Forestar Group Inc :Forestar Group-‍ on Oct 5 co's unit entered into letter of credit facility agreement for $30 million secured standby letter of credit facility -SEC filing​.  Full Article