Fortress Investment Group LLC (NYSE:FIG) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Fortress Investment Group LLC (NYSE:FIG) announced its quarterly earnings data on Thursday. The asset manager reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02, Bloomberg Earnings reports. The firm had revenue of $246.99 million during the quarter. Fortress Investment Group had a net margin of 10.61% and a return on equity of 38.82%.

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Shares of Fortress Investment Group (FIG) traded up 0.13% during trading on Friday, hitting $7.99. 2,324,876 shares of the company traded hands. The stock has a market capitalization of $1.74 billion, a PE ratio of 20.65 and a beta of 1.95. The company has a 50-day moving average of $8.01 and a 200-day moving average of $7.61. Fortress Investment Group has a 52-week low of $4.50 and a 52-week high of $8.05.

Separately, BidaskClub lowered shares of Fortress Investment Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $5.83.

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Fortress Investment Group Company Profile

Fortress Investment Group LLC (Fortress) is an investment management firm. The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (the Fortress Funds).