Fortress Investment Group LLC (NYSE:FIG) is scheduled to be issuing its Q2 2013 quarterly earnings data before the market opens on Thursday, August 01st.
Fortress Investment Group LLC (NYSE:FIG) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.05. The company had revenue of $244.35 million for the quarter, compared to the consensus estimate of $217.49 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 42.4% on a year-over-year basis. On average, analysts expect Fortress Investment Group LLC to post $0.71 EPS for the current fiscal year and $0.77 EPS for the next fiscal year.
Fortress Investment Group LLC (NYSE:FIG) traded down 1.63% on Wednesday, hitting $7.86. Fortress Investment Group LLC has a 1-year low of $3.73 and a 1-year high of $8.13. The stock’s 50-day moving average is currently $7.1. The company has a market cap of $1.860 billion and a price-to-earnings ratio of 16.86.
A number of analysts have recently weighed in on FIG shares. Analysts at RBC Capital initiated coverage on shares of Fortress Investment Group LLC in a research note to investors on Wednesday, July 17th. They set an “outperform” rating and a $9.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of Fortress Investment Group LLC from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, July 12th. They now have a $8.20 price target on the stock. Finally, analysts at Ned Davis Research downgraded shares of Fortress Investment Group LLC from a “buy” rating to a “neutral” rating in a research note to investors on Monday, June 17th.
Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $8.31.
Fortress Investment Group LLC (NYSE:FIG) is a global investment manager with approximately $41.
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