Brokerages Expect Oaktree Capital Group LLC (OAK) Will Post Earnings of $0.57 Per Share
Equities research analysts expect Oaktree Capital Group LLC (NYSE:OAK) to report earnings per share (EPS) of $0.57 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Oaktree Capital Group’s earnings. The highest EPS estimate is $0.69 and the lowest is $0.51. Oaktree Capital Group reported earnings of $0.91 per share during the same quarter last year, which would indicate a negative year over year growth rate of 37.4%. The company is scheduled to report its next earnings results before the market opens on Tuesday, February 6th.
According to Zacks, analysts expect that Oaktree Capital Group will report full-year earnings of $3.83 per share for the current fiscal year, with EPS estimates ranging from $3.77 to $3.95. For the next year, analysts anticipate that the firm will post earnings of $3.61 per share, with EPS estimates ranging from $3.41 to $3.79. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Oaktree Capital Group.
Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.11. The firm had revenue of $304.80 million for the quarter, compared to analyst estimates of $281.61 million. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share.
Oaktree Capital Group (NYSE OAK) traded up $0.05 during trading on Thursday, hitting $45.70. The stock had a trading volume of 238,069 shares, compared to its average volume of 256,467. Oaktree Capital Group has a 52 week low of $40.65 and a 52 week high of $48.50. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $7,130.00, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.03 and a beta of 0.58.
In related news, major shareholder Oaktree Capital Management Lp purchased 28,800 shares of Oaktree Capital Group stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average price of $8.63 per share, with a total value of $248,544.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ocm Growth Holdings Llc purchased 1,413,922 shares of Oaktree Capital Group stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $15.00 per share, for a total transaction of $21,208,830.00. The disclosure for this purchase can be found here. Insiders bought 4,498,182 shares of company stock worth $44,373,324 in the last ninety days.
A number of large investors have recently modified their holdings of OAK. CIBC World Markets Inc. grew its position in Oaktree Capital Group by 45.7% during the second quarter. CIBC World Markets Inc. now owns 7,810 shares of the asset manager’s stock worth $364,000 after buying an additional 2,450 shares in the last quarter. Alliancebernstein L.P. grew its position in Oaktree Capital Group by 37.4% during the second quarter. Alliancebernstein L.P. now owns 251,256 shares of the asset manager’s stock worth $11,709,000 after buying an additional 68,431 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Oaktree Capital Group by 38.0% during the second quarter. PNC Financial Services Group Inc. now owns 14,902 shares of the asset manager’s stock worth $695,000 after buying an additional 4,104 shares in the last quarter. MML Investors Services LLC acquired a new stake in Oaktree Capital Group during the second quarter worth approximately $207,000. Finally, California Public Employees Retirement System grew its position in Oaktree Capital Group by 2.5% during the second quarter. California Public Employees Retirement System now owns 73,700 shares of the asset manager’s stock worth $3,434,000 after buying an additional 1,800 shares in the last quarter. 22.59% of the stock is currently owned by institutional investors and hedge funds.
About Oaktree Capital Group
Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.
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