Fortress Investment Group LLC Stock Upgraded (FIG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Fortress Investment Group (NYSE: FIG) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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Highlights from the ratings report include:
  • FIG's very impressive revenue growth greatly exceeded the industry average of 12.4%. Since the same quarter one year prior, revenues leaped by 51.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 148.97% and other important driving factors, this stock has surged by 55.25% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, FIG should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • FORTRESS INVESTMENT GRP LLC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, FORTRESS INVESTMENT GRP LLC continued to lose money by earning -$0.08 versus -$2.46 in the prior year. This year, the market expects an improvement in earnings ($0.59 versus -$0.08).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Capital Markets industry. The net income increased by 211.7% when compared to the same quarter one year prior, rising from -$91.49 million to $102.21 million.
  • 40.90% is the gross profit margin for FORTRESS INVESTMENT GRP LLC which we consider to be strong. It has increased significantly from the same period last year. Along with this, the net profit margin of 24.47% is above that of the industry average.
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Fortress Investment Group LLC is a publicly owned investment manager. Fortress Investment Group has a market cap of $1.37 billion and is part of the financial sector and financial services industry. Shares are up 41.9% year to date as of the close of trading on Thursday.

You can view the full Fortress Investment Group Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet Ratings Staff

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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