Zacks: Brokerages Expect Och-Ziff Capital Management Group LLC (OZM) Will Announce Earnings of $0.11 Per Share
Analysts expect Och-Ziff Capital Management Group LLC (NYSE:OZM) to announce earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Och-Ziff Capital Management Group’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.16. Och-Ziff Capital Management Group reported earnings of $0.07 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 57.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full-year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.29 to $0.57. For the next fiscal year, analysts forecast that the company will report earnings of $0.46 per share, with EPS estimates ranging from $0.39 to $0.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Och-Ziff Capital Management Group.
Och-Ziff Capital Management Group (NYSE:OZM) last released its earnings results on Friday, February 16th. The asset manager reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Och-Ziff Capital Management Group had a net margin of 2.46% and a negative return on equity of 136.75%. The firm had revenue of $438.24 million for the quarter, compared to analyst estimates of $450.09 million. During the same period last year, the firm earned $0.01 EPS. The business’s quarterly revenue was up 55.8% compared to the same quarter last year.
In related news, CAO Erez Elisha sold 47,699 shares of Och-Ziff Capital Management Group stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $2.51, for a total transaction of $119,724.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 60.25% of the company’s stock.
Several institutional investors have recently made changes to their positions in OZM. Citadel Advisors LLC grew its holdings in shares of Och-Ziff Capital Management Group by 677.8% during the 4th quarter. Citadel Advisors LLC now owns 48,225 shares of the asset manager’s stock valued at $121,000 after purchasing an additional 42,025 shares during the last quarter. LPL Financial LLC grew its holdings in Och-Ziff Capital Management Group by 125.2% during the 4th quarter. LPL Financial LLC now owns 53,958 shares of the asset manager’s stock worth $135,000 after acquiring an additional 30,000 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Och-Ziff Capital Management Group during the 4th quarter worth approximately $174,000. Bourgeon Capital Management LLC grew its holdings in Och-Ziff Capital Management Group by 250.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 70,000 shares of the asset manager’s stock worth $175,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Nationwide Fund Advisors bought a new stake in Och-Ziff Capital Management Group during the 2nd quarter worth approximately $193,000. 16.99% of the stock is currently owned by institutional investors.
Och-Ziff Capital Management Group (NYSE OZM) traded up $0.02 during mid-day trading on Friday, reaching $2.65. 231,134 shares of the company’s stock traded hands, compared to its average volume of 806,808. The company has a current ratio of 2.80, a quick ratio of 1.57 and a debt-to-equity ratio of -5.94. Och-Ziff Capital Management Group has a 52-week low of $2.15 and a 52-week high of $3.95. The company has a market cap of $1,380.16, a price-to-earnings ratio of 29.45 and a beta of 1.06.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 26th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 10.57%. The ex-dividend date of this dividend is Friday, February 23rd. Och-Ziff Capital Management Group’s dividend payout ratio (DPR) is presently 311.15%.
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Och-Ziff Capital Management Group Company Profile
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.
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