Past Quarters Earnings Report for Fortress Investment Group LLC (NYSE:FIG)

Cornelia Mascio
Febbraio 17, 2017

Fortress Investment Group LLC (NYSE:FIG) witnessed a decline in the market cap on Thursday as its shares dropped 0.25% or 0.02 points. With an institutional ownership near 23.2%, it carries an earnings per share ratio of 0.15. The stock is a Buy among 10 brokerage firms polled by Factset Research. Currently, the Return on Assets value for the trailing twelve months is -0.1% with the Return on Equity and Return on Investment of -0.5% and 13.1% respectively. The company's market cap is $3.08 Billion. Fortress Investment Group LLC's (FIG) is a part of Financial sector and belongs to Asset Management industry.

"Last quarter we accomplished the foundational work required to prepare Lending Club for the growth to come", said CEO Scott Sanborn. The price to earnings growth is 0.72 and the price to sales ratio is 17. For the past 5 years, the company's revenue has grown 10.7%, while the company's earnings per share has grown 18%.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.80 on the shares of Fortress Investment Group LLC (NYSE:FIG).

US based company, Fortress Investment Group LLC's (FIG)'s latest closing price was 61.37% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 48.35% and 40.18% compared with the 20 Day Moving Average. Enterprise Value is often used by value investors to help spot undervalued companies.

The consensus mean EPS for the current quarter is at $0.2 derived from a total of 5 estimates. The company had revenue of $261.10 million for the quarter, compared to analysts expectations of $241.86 million. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

February 15, 2017 SoftBank Group Corp. and Fortress Investment Group LLC (FIG) announced that they have entered into a definitive merger agreement under which SoftBank will acquire Fortress for approximately $3.3 billion in cash.

When we have a peek on stock's historical trends we come to know that, the stock has climbed 36.24% in the past one week and soared 56.58% during previous one month drive, the stock went up 55.06% during past quarter. The stock has added about 67.5% since it reported its last earnings. Thus showing a Surprise of -7.1 percent.

Profitability analysis helps a great deal in making investment decision. The company's net profit margin has achieved the current level of -0.2 percent and possesses 99.1 percent gross margin. Beta factor, which measures the riskiness of the security, was observed as 1.71.

Fortress Investment Group LLC (NYSE:FIG) reports its Earnings on Thursday 23 Feb (In 7 Days). EPS ratio determined by looking at last 12 month figures is 0.21.

Relative Strength Index (RSI) was 88.95. A company with a high P/E ratio usually indicated positive future performance and investors are willing to pay more for this company's shares.

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