Analysts expect Och-Ziff Capital Management Group LLC (NYSE:OZM) to report earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Och-Ziff Capital Management Group’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.09. Och-Ziff Capital Management Group reported earnings of $0.01 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2,200%. The business is expected to announce its next earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.33 to $0.57. For the next financial year, analysts forecast that the firm will report earnings of $0.31 per share, with EPS estimates ranging from $0.23 to $0.37. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Och-Ziff Capital Management Group.
Och-Ziff Capital Management Group (NYSE:OZM) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 54.57%. The business had revenue of $125.26 million during the quarter, compared to the consensus estimate of $101.92 million. During the same period last year, the business posted $0.05 EPS. Och-Ziff Capital Management Group’s revenue was down 9.8% on a year-over-year basis.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Och-Ziff Capital Management Group from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine downgraded shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Finally, Jefferies Group raised their target price on shares of 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 six have assigned a hold rating to the stock. Och-Ziff Capital Management Group presently has an average rating of “Hold” and a consensus price target of $3.13.
Shares of Och-Ziff Capital Management Group (NYSE:OZM) opened at $2.76 on Friday. Och-Ziff Capital Management Group has a one year low of $2.15 and a one year high of $3.95. The stock has a market cap of $1,450.00, a PE ratio of 34.50 and a beta of 1.23. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -2.61.
In related news, insider Erez Elisha sold 47,699 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $2.51, for a total value of $119,724.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 60.25% of the company’s stock.
A number of large investors have recently modified their holdings of OZM. Marshall Wace North America L.P. acquired a new stake in Och-Ziff Capital Management Group in the 2nd quarter valued at about $162,000. Nationwide Fund Advisors bought a new position in Och-Ziff Capital Management Group in the 2nd quarter valued at about $193,000. Hotchkis & Wiley Capital Management LLC raised its holdings in Och-Ziff Capital Management Group by 91.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 60,283 shares of the asset manager’s stock valued at $194,000 after acquiring an additional 28,873 shares during the period. Advisor Group Inc. bought a new position in Och-Ziff Capital Management Group in the 3rd quarter valued at about $258,000. Finally, GSA Capital Partners LLP bought a new position in Och-Ziff Capital Management Group in the 3rd quarter valued at about $737,000. Institutional investors and hedge funds own 17.14% of the company’s stock.
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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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