Och-Ziff Capital Management Group LLC (OZM) Expected to Announce Quarterly Sales of $100.60 Million

Brokerages forecast that Och-Ziff Capital Management Group LLC (NYSE:OZM) will report $100.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Och-Ziff Capital Management Group’s earnings, with the highest sales estimate coming in at $108.56 million and the lowest estimate coming in at $92.64 million. Och-Ziff Capital Management Group reported sales of $148.11 million during the same quarter last year, which indicates a negative year-over-year growth rate of 32.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full year sales of $100.60 million for the current fiscal year, with estimates ranging from $728.32 million to $860.54 million. For the next fiscal year, analysts anticipate that the company will post sales of $663.14 million per share, with estimates ranging from $645.56 million to $680.72 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.08. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. The business had revenue of $148.95 million during the quarter, compared to analyst estimates of $90.65 million. During the same quarter last year, the company posted $0.06 EPS.

A number of equities research analysts recently commented on the company. BidaskClub cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research cut Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $2.50 target price on shares of Och-Ziff Capital Management Group in a research note on Thursday, July 6th. Finally, Jefferies Group LLC boosted their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.20.

Och-Ziff Capital Management Group (OZM) traded down 1.52% during trading on Friday, hitting $3.25. The company had a trading volume of 147,677 shares. The firm has a 50-day moving average of $3.11 and a 200 day moving average of $2.72. The company’s market capitalization is $601.96 million. Och-Ziff Capital Management Group has a 12-month low of $2.15 and a 12-month high of $3.87.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterneck Capital Management LLC raised its holdings in Och-Ziff Capital Management Group by 3.2% during the second quarter. Sterneck Capital Management LLC now owns 417,995 shares of the asset manager’s stock worth $1,070,000 after acquiring an additional 13,117 shares in the last quarter. Odey Asset Management Group Ltd raised its holdings in Och-Ziff Capital Management Group by 1.3% during the second quarter. Odey Asset Management Group Ltd now owns 7,211,519 shares of the asset manager’s stock worth $18,461,000 after acquiring an additional 91,000 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Och-Ziff Capital Management Group by 1.6% during the second quarter. Goldman Sachs Group Inc. now owns 965,999 shares of the asset manager’s stock worth $2,473,000 after acquiring an additional 15,557 shares in the last quarter. California Public Employees Retirement System raised its holdings in Och-Ziff Capital Management Group by 565.9% during the second quarter. California Public Employees Retirement System now owns 606,000 shares of the asset manager’s stock worth $1,551,000 after acquiring an additional 515,000 shares in the last quarter. Finally, Stonerise Capital Management LLC bought a new stake in Och-Ziff Capital Management Group during the second quarter worth about $2,474,000. Institutional investors and hedge funds own 16.96% of the company’s stock.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

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