$316.39 Million in Sales Expected for Oaktree Capital Group LLC Unit (NYSE:OAK) This Quarter

Wall Street analysts expect Oaktree Capital Group LLC Unit (NYSE:OAK) to announce sales of $316.39 million for the current quarter, Zacks reports. Four analysts have issued estimates for Oaktree Capital Group LLC Unit’s earnings, with the highest sales estimate coming in at $355.68 million and the lowest estimate coming in at $283.90 million. Oaktree Capital Group LLC Unit reported sales of $273.53 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.7%. The company is expected to announce its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Oaktree Capital Group LLC Unit will report full-year sales of $1.57 billion for the current financial year, with estimates ranging from $1.48 billion to $1.67 billion. For the next financial year, analysts expect that the business will report sales of $1.63 billion, with estimates ranging from $1.54 billion to $1.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Oaktree Capital Group LLC Unit.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its quarterly earnings data on Thursday, April 25th. The asset manager reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.18. The firm had revenue of $266.42 million during the quarter, compared to analysts’ expectations of $522.21 million. Oaktree Capital Group LLC Unit had a return on equity of 18.49% and a net margin of 17.09%. The business’s quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS.

A number of analysts have recently weighed in on the company. ValuEngine cut Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Wells Fargo & Co raised their target price on Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the stock a “market perform” rating in a research note on Thursday, March 14th. Finally, Morgan Stanley lowered Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 14th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Oaktree Capital Group LLC Unit has an average rating of “Hold” and an average target price of $46.50.

In related news, Director Ocm Growth Holdings Llc acquired 1,628,366 shares of Oaktree Capital Group LLC Unit stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $15.16 per share, for a total transaction of $24,686,028.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings acquired 32,509 shares of Oaktree Capital Group LLC Unit stock in a transaction on Thursday, May 30th. The shares were bought at an average price of $4.62 per share, with a total value of $150,191.58. The disclosure for this purchase can be found here. Insiders purchased a total of 2,264,975 shares of company stock valued at $27,668,527 in the last 90 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in shares of Oaktree Capital Group LLC Unit by 14.6% in the 4th quarter. LPL Financial LLC now owns 35,313 shares of the asset manager’s stock valued at $1,404,000 after acquiring an additional 4,512 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Oaktree Capital Group LLC Unit by 10.9% in the 4th quarter. Private Advisor Group LLC now owns 33,246 shares of the asset manager’s stock valued at $1,326,000 after acquiring an additional 3,260 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Oaktree Capital Group LLC Unit by 29.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,940 shares of the asset manager’s stock valued at $315,000 after acquiring an additional 1,828 shares in the last quarter. Sargent Investment Group LLC purchased a new stake in shares of Oaktree Capital Group LLC Unit in the 4th quarter valued at about $209,000. Finally, DDD Partners LLC raised its holdings in shares of Oaktree Capital Group LLC Unit by 2.2% in the 4th quarter. DDD Partners LLC now owns 41,468 shares of the asset manager’s stock valued at $1,648,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 32.05% of the company’s stock.

Shares of Oaktree Capital Group LLC Unit stock traded up $0.12 during trading on Wednesday, reaching $50.28. The company’s stock had a trading volume of 34,330 shares, compared to its average volume of 926,380. The company has a debt-to-equity ratio of 2.84, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $8.06 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 2.26 and a beta of 0.53. Oaktree Capital Group LLC Unit has a 1-year low of $38.65 and a 1-year high of $50.76. The company has a 50-day moving average price of $49.25.

About Oaktree Capital Group LLC Unit

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

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Earnings History and Estimates for Oaktree Capital Group LLC Unit (NYSE:OAK)

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