Wall Street analysts expect Oaktree Capital Group LLC Unit (NYSE:OAK) to announce sales of $316.20 million for the current quarter, according to Zacks. Two analysts have made estimates for Oaktree Capital Group LLC Unit’s earnings. The highest sales estimate is $321.40 million and the lowest is $311.00 million. Oaktree Capital Group LLC Unit reported sales of $320.17 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.2%. The business is expected to announce its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Oaktree Capital Group LLC Unit will report full-year sales of $1.58 billion for the current fiscal year, with estimates ranging from $1.51 billion to $1.67 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.64 billion, with estimates ranging from $1.59 billion to $1.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Oaktree Capital Group LLC Unit.
Oaktree Capital Group LLC Unit (NYSE:OAK) last released its earnings results on Thursday, July 25th. The asset manager reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.07). The company had revenue of $313.48 million during the quarter, compared to the consensus estimate of $311.80 million. Oaktree Capital Group LLC Unit had a return on equity of 19.02% and a net margin of 17.16%. Oaktree Capital Group LLC Unit’s revenue for the quarter was up 47.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS.
Separately, Zacks Investment Research downgraded shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $47.00.
Shares of OAK traded down $0.65 during midday trading on Friday, hitting $51.59. The company had a trading volume of 616,828 shares, compared to its average volume of 664,381. The company’s 50 day moving average price is $50.76 and its 200 day moving average price is $48.57. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.50 and a beta of 0.53. Oaktree Capital Group LLC Unit has a 52 week low of $38.65 and a 52 week high of $52.38. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 3.02.
In other Oaktree Capital Group LLC Unit news, Director Steven J. Gilbert acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $26.66 per share, with a total value of $266,600.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $266,600. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Oaktree Capital Group Holdings acquired 1,000,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $4.76 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 2,267,508 shares of company stock valued at $10,700,322.
Institutional investors have recently bought and sold shares of the business. Cumberland Partners Ltd acquired a new position in Oaktree Capital Group LLC Unit during the 2nd quarter valued at about $30,000. NEXT Financial Group Inc acquired a new position in Oaktree Capital Group LLC Unit during the 2nd quarter valued at about $49,000. Alpha Omega Wealth Management LLC boosted its stake in Oaktree Capital Group LLC Unit by 108.4% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock valued at $55,000 after purchasing an additional 580 shares during the period. Westside Investment Management Inc. acquired a new position in Oaktree Capital Group LLC Unit during the 2nd quarter valued at about $59,000. Finally, Fort Sheridan Advisors LLC acquired a new position in Oaktree Capital Group LLC Unit during the 1st quarter valued at about $218,000. 35.88% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Story: What is a Leveraged Buyout (LBO)?
Get a free copy of the Zacks research report on Oaktree Capital Group LLC Unit (OAK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oaktree Capital Group LLC Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group LLC Unit and related companies with MarketBeat.com's FREE daily email newsletter.