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Last $8.34 USD
Change Today +0.0459 / 0.55%
Volume 263.7K
FIG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 3:02 PM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

fortress investment grp-cl a (FIG) Key Developments

Fortress Investment Group LLC Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Declares Fourth Quarter 2014 Cash Dividend and Special Cash Dividend, Payable on March 17, 2015

Fortress Investment Group LLC's board of directors declared a fourth quarter 2014 cash dividend of $0.38 per dividend paying share, comprised of a base quarterly cash dividend of $0.08 per dividend paying share and a special cash dividend of $0.30 per dividend paying share. The dividend is payable on March 17, 2015 to Class A shareholders of record as of the close of business on March 12, 2015. The company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues were $670.58 million against $565.53 million a year ago. Income before income taxes was $139.23 million against $341.101 million a year ago. Net income attributable to Class A shareholders was $61.37 million against $145.81 million a year ago. Diluted earnings per Class A share were $0.24 against $0.49 a year ago. For the year, the company reported total revenues were $1,811.82 million against $1,264.98 million a year ago. Income before income taxes was $243.21 million against $549.39 million a year ago. Net income attributable to Class A shareholders was $99.96 million against $200.45 million a year ago. Diluted earnings per Class A share were $0.43 against $0.79 a year ago.

Fortress Investment Buys Rihga Royal Hotel Kyoto

Fortress Investment reported that it agreed to buy the Rihga Royal Hotel Kyoto, near the city's Kyoto Station. No terms were disclosed. It expects the transaction to close in first quarter, and plans extensive renovations to the 1969-built Rihga Royal Hotel Kyoto.

Fortress Investment Group LLC to Report Q4, 2014 Results on Feb 26, 2015

Fortress Investment Group LLC announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 26, 2015

Fortress Investment Group LLC, Q4 2014 Earnings Call, Feb 26, 2015

Fortress Investment Group LLC, Q4 2014 Earnings Call, Feb 26, 2015

Group Of Investors Reportedly Mulls Acquisition Of LightSquared

Harbinger Capital Partners LLC along with Fortress Investment Group LLC (NYSE:FIG), Centerbridge Partners, L.P. and Sheehan Insurance Service, Inc. is seeking to acquire LightSquared Inc. On January 20, 2015, Judge Shelley Chapman approved the disclosure statement to LightSquared Inc.'s reorganization plan. However, she urged the parties to "look around for loose change in the sofa cushions" and to continue talks ahead of a March hearing on the proposed Chapter 11 exit. Moelis & Co acted as financial advisor for LightSquared Inc.

 

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Industry Analysis

FIG

Industry Average

Valuation FIG Industry Range
Price/Earnings 38.6x
Price/Sales 1.1x
Price/Book 2.7x
Price/Cash Flow 20.1x
TEV/Sales NM Not Meaningful
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