Analysts expect that Och-Ziff Capital Management (NYSE:OZM) will announce $145.94 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Och-Ziff Capital Management’s earnings. The highest sales estimate is $201.69 million and the lowest is $90.18 million. Och-Ziff Capital Management reported sales of $139.15 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.9%. The company is expected to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Och-Ziff Capital Management will report full-year sales of $145.94 million for the current fiscal year, with estimates ranging from $659.92 million to $819.76 million. For the next year, analysts anticipate that the company will post sales of $789.33 million per share, with estimates ranging from $744.96 million to $833.69 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Och-Ziff Capital Management.
Och-Ziff Capital Management (NYSE:OZM) last posted its quarterly earnings results on Friday, February 16th. The asset manager reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $438.24 million during the quarter, compared to the consensus estimate of $450.09 million. Och-Ziff Capital Management had a net margin of 2.46% and a negative return on equity of 136.75%. The firm’s revenue for the quarter was up 55.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share.
Several research firms have weighed in on OZM. ValuEngine downgraded shares of Och-Ziff Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Och-Ziff Capital Management in a research note on Friday, February 23rd. Zacks Investment Research raised shares of Och-Ziff Capital Management from a “sell” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Saturday, February 24th. Finally, Citigroup raised shares of Och-Ziff Capital Management from a “neutral” rating to a “buy” rating and upped their price objective for the company from $2.90 to $4.50 in a research note on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Och-Ziff Capital Management has a consensus rating of “Hold” and an average target price of $3.50.
Och-Ziff Capital Management stock opened at $2.27 on Friday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of -5.94. The firm has a market capitalization of $1,208.09, a price-to-earnings ratio of 4.45 and a beta of 1.02. Och-Ziff Capital Management has a twelve month low of $2.15 and a twelve month high of $3.95.
Large investors have recently modified their holdings of the company. Citadel Advisors LLC raised its stake in shares of Och-Ziff Capital Management by 677.8% during the fourth quarter. Citadel Advisors LLC now owns 48,225 shares of the asset manager’s stock valued at $121,000 after acquiring an additional 42,025 shares during the last quarter. LPL Financial LLC raised its stake in shares of Och-Ziff Capital Management by 125.2% during the fourth quarter. LPL Financial LLC now owns 53,958 shares of the asset manager’s stock valued at $135,000 after acquiring an additional 30,000 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Och-Ziff Capital Management during the fourth quarter valued at about $174,000. Bourgeon Capital Management LLC raised its stake in shares of Och-Ziff Capital Management by 250.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 70,000 shares of the asset manager’s stock valued at $175,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Joel Isaacson & Co. LLC bought a new position in shares of Och-Ziff Capital Management during the fourth quarter valued at about $250,000. 17.16% of the stock is owned by hedge funds and other institutional investors.
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Och-Ziff Capital Management Company Profile
Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.
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