Och-Ziff Capital Management Group LLC (OZM) Expected to Post Quarterly Sales of $404.66 Million

Brokerages expect that Och-Ziff Capital Management Group LLC (NYSE:OZM) will announce $404.66 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Och-Ziff Capital Management Group’s earnings. The lowest sales estimate is $359.10 million and the highest is $450.21 million. Och-Ziff Capital Management Group posted sales of $281.26 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 43.9%. The business is scheduled to report its next earnings results on Wednesday, February 21st.

On average, analysts expect that Och-Ziff Capital Management Group will report full year sales of $404.66 million for the current fiscal year, with estimates ranging from $759.07 million to $850.18 million. For the next financial year, analysts forecast that the firm will report sales of $695.78 million per share, with estimates ranging from $673.19 million to $718.37 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its earnings results on Thursday, November 2nd. The asset manager reported $0.07 EPS for the quarter, topping the 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 firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $101.92 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Och-Ziff Capital Management Group’s quarterly revenue was down 9.8% on a year-over-year basis.

Several research analysts have commented on OZM shares. Zacks Investment Research cut shares of Och-Ziff Capital Management Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Jefferies Group upped their target price on shares of Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $3.25 target price on shares of Och-Ziff Capital Management Group in a research report on Tuesday, September 5th. Finally, ValuEngine cut shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Seven equities research analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group has an average rating of “Hold” and an average price target of $3.25.

Och-Ziff Capital Management Group (NYSE OZM) traded up $0.03 during midday trading on Friday, reaching $2.58. 1,277,092 shares of the company’s stock traded hands, compared to its average volume of 792,442. Och-Ziff Capital Management Group has a 1 year low of $2.15 and a 1 year high of $3.95. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -2.61. The company has a market cap of $1,422.14, a PE ratio of 10.84 and a beta of 1.23.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 13th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, November 10th. Och-Ziff Capital Management Group’s dividend payout ratio (DPR) is 100.01%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in shares of Och-Ziff Capital Management Group in the 3rd quarter worth approximately $737,000. Continental Advisors LLC lifted its stake in shares of Och-Ziff Capital Management Group by 1.9% in the 3rd quarter. Continental Advisors LLC now owns 2,147,593 shares of the asset manager’s stock worth $6,915,000 after acquiring an additional 40,000 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of 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 worth $194,000 after acquiring an additional 28,873 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Och-Ziff Capital Management Group by 437.2% in the 3rd quarter. Wells Fargo & Company MN now owns 247,235 shares of the asset manager’s stock worth $796,000 after acquiring an additional 201,215 shares during the period. Finally, Advisor Group Inc. acquired a new stake in shares of Och-Ziff Capital Management Group in the 3rd quarter worth approximately $258,000. Hedge funds and other institutional investors own 17.15% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/12/13/och-ziff-capital-management-group-llc-ozm-expected-to-post-quarterly-sales-of-404-66-million.html.

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.

Get a free copy of the Zacks research report on Och-Ziff Capital Management Group (OZM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Och-Ziff Capital Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply