Past Quarters Earnings Report for Fortress Investment Group LLC (NYSE:FIG)
- Author: Zachary Reyes Feb 18, 2017,
Feb 18, 2017, 4:23
From the NY website: Fortress Investment Group - the $70 billion investment manager and parent of Coral Gables-based Florida East Coast Industries - is being acquired for $3.3 billion. Moreover, Keefe Bruyette issued Upgrade rating for the stock on 13-Jul-15.
Japanese telecom giant SoftBank Group Corp. will buy the publicly-traded company for $8.08 per share - a 39 percent premium - the companies announced. The company now has a Return on Equity (ROE) of -0.50% and a Return on Investment (ROI) of 13.10%. Fortress Investment Group LLC (NYSE:FIG) has a market capitalization of $3.96B and most recently 216.84M outstanding shares have been calculated. Following the ROIC (Return on Invested Capital) numbers, Fortress Investment Group LLC (NYSE:FIG)'s ROIC is 0.134571. The growth estimate for the next quarter is 46.2 percent. The share price of the stock surged 17.02% for the year. The company has grown 4.76% in past 3 months and in the last five trades has moved up 3.38%. Analysts, on average, forecast Fortress Investment Group LLC to earn $0.19 per share (EPS) on revenue of $237.41M. The stock hit its 52-week high price on 02/15/17 and 52-week low price on 02/19/16.
Now we look at the Moving Averages, the 200-day is 62.34, the 50-day is 50.33 and the 20-day is 44.21. Analyst Recommendation is an outlook of a stock-market analyst on a stock. P/E Ratio is for valuing a company that measures its current share price relative to its per-share earnings. And immediately on the next day after earnings announcement, the stock inclined 1.28% and closed its trading session at $4.73.
The buoyancy in the outlook of Fortress Investment Group LLC (FIG) is getting weaker by the somewhat negative sentiment (2.80 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Perform. The stock's quarterly performance indicates a Positive momentum of 57.28 percent, whereas its last one month trend is Optimistic with 53.95 percent. Thus showing a Surprise of -7.1 percent. The company's net profit margin has achieved the current level of -0.2 percent and possesses 99.1 percent gross margin. Fortress Investment Group LLC is a publicly owned investment manager. The short ratio in the company's stock is documented at 0.56 and the short float is around of 0.28%. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values.
SoftBank CEO Masayoshi Son said Fortress will help it invest at a time when the company is launching an ambitious $100 billion fund that'll invest in technology companies around the globe - half of which Son promised President Trump he'd spend in the United States. The EPS consensus range is $0.15-$0.23 on revenue between $258.7M and $209.4M.