Brokerages Expect Oaktree Capital Management (OAK) Will Announce Earnings of $0.53 Per Share

Wall Street analysts forecast that Oaktree Capital Management (NYSE:OAK) will post earnings of $0.53 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Oaktree Capital Management’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.61. Oaktree Capital Management posted earnings of $1.73 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 69.4%. The firm is expected to announce its next quarterly earnings results on Thursday, July 26th.

On average, analysts expect that Oaktree Capital Management will report full-year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $3.58. For the next financial year, analysts forecast that the firm will post earnings of $3.64 per share, with EPS estimates ranging from $3.20 to $4.21. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Oaktree Capital Management.

Oaktree Capital Management (NYSE:OAK) last announced its earnings results on Thursday, April 26th. The asset manager reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.23. Oaktree Capital Management had a return on equity of 12.90% and a net margin of 15.11%. The business had revenue of $451.20 million for the quarter, compared to analyst estimates of $331.82 million. During the same quarter last year, the firm earned $0.86 EPS. Oaktree Capital Management’s revenue for the quarter was up 15.3% compared to the same quarter last year.

OAK has been the topic of a number of recent research reports. Zacks Investment Research lowered Oaktree Capital Management from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Deutsche Bank dropped their target price on Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, April 6th. Keefe, Bruyette & Woods lowered Oaktree Capital Management from an “outperform” rating to a “market perform” rating in a research report on Friday, April 27th. Morgan Stanley dropped their target price on Oaktree Capital Management from $57.00 to $56.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 10th. Finally, ValuEngine lowered Oaktree Capital Management from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.40.

In other Oaktree Capital Management news, major shareholder Oaktree Capital Management Lp bought 5,600 shares of Oaktree Capital Management stock in a transaction dated Tuesday, May 1st. The stock was bought at an average cost of $5.93 per share, for a total transaction of $33,208.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Larry W. Keele sold 21,090 shares of Oaktree Capital Management stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $40.01, for a total value of $843,810.90. Following the transaction, the director now owns 43,415 shares of the company’s stock, valued at $1,737,034.15. The disclosure for this sale can be found here. Insiders have acquired a total of 314,573 shares of company stock worth $2,090,363 in the last ninety days.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Oaktree Capital Management by 6.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,331,123 shares of the asset manager’s stock worth $52,712,000 after acquiring an additional 74,820 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Oaktree Capital Management by 45.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,189,792 shares of the asset manager’s stock worth $50,090,000 after acquiring an additional 369,700 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Oaktree Capital Management during the 1st quarter worth approximately $44,987,000. Thornburg Investment Management Inc. boosted its stake in shares of Oaktree Capital Management by 29.1% during the 1st quarter. Thornburg Investment Management Inc. now owns 986,084 shares of the asset manager’s stock worth $39,049,000 after acquiring an additional 222,256 shares during the period. Finally, Pekin Singer Strauss Asset Management IL boosted its stake in shares of Oaktree Capital Management by 5.4% during the 1st quarter. Pekin Singer Strauss Asset Management IL now owns 429,445 shares of the asset manager’s stock worth $17,006,000 after acquiring an additional 22,139 shares during the period. Institutional investors own 26.00% of the company’s stock.

Oaktree Capital Management traded up $0.27, reaching $39.97, during midday trading on Friday, MarketBeat.com reports. The stock had a trading volume of 4,006 shares, compared to its average volume of 309,576. Oaktree Capital Management has a 1-year low of $38.80 and a 1-year high of $48.50. The firm has a market cap of $6.29 billion, a PE ratio of 10.08, a P/E/G ratio of 0.86 and a beta of 0.69. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.85 and a current ratio of 1.85.

The business also recently declared a quarterly dividend, which was paid on Friday, May 11th. Shareholders of record on Monday, May 7th were given a dividend of $0.96 per share. This is a positive change from Oaktree Capital Management’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, May 4th. This represents a $3.84 annualized dividend and a dividend yield of 9.61%. Oaktree Capital Management’s payout ratio is 96.73%.

Oaktree Capital Management Company Profile

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 Management (NYSE:OAK)

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