Wall Street brokerages expect Oaktree Capital Group LLC (NYSE:OAK) to announce $0.48 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Oaktree Capital Group’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.52. Oaktree Capital Group posted earnings of $0.67 per share during the same quarter last year, which suggests a negative year over year growth rate of 28.4%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, October 25th.

On average, analysts expect that Oaktree Capital Group will report full year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.57 to $2.71. For the next financial year, analysts expect that the firm will report earnings of $3.35 per share, with EPS estimates ranging from $2.81 to $3.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Oaktree Capital Group.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). Oaktree Capital Group had a return on equity of 9.38% and a net margin of 13.05%. The firm had revenue of $273.53 million for the quarter, compared to analyst estimates of $276.75 million. During the same period in the prior year, the company posted $1.73 EPS. The firm’s quarterly revenue was down 61.2% compared to the same quarter last year.

Several research firms have issued reports on OAK. ValuEngine raised Oaktree Capital Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. TheStreet raised Oaktree Capital Group from a “c+” rating to a “b-” rating in a report on Tuesday, July 24th. Oppenheimer reaffirmed a “hold” rating on shares of Oaktree Capital Group in a report on Monday, July 30th. Morgan Stanley reduced their price objective on Oaktree Capital Group from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, October 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Oaktree Capital Group from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.20.

NYSE:OAK opened at $42.52 on Friday. Oaktree Capital Group has a 52-week low of $38.65 and a 52-week high of $47.80. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.06 and a beta of 0.71.

In other Oaktree Capital Group news, Director Larry W. Keele sold 8,333 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $41.40, for a total transaction of $344,986.20. Following the completion of the sale, the director now owns 8,656 shares in the company, valued at approximately $358,358.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ocm Growth Holdings Llc bought 1,006,899 shares of the company’s stock in a transaction on Friday, September 14th. The shares were acquired at an average price of $15.02 per share, with a total value of $15,123,622.98. The disclosure for this purchase can be found here.

Several institutional investors have recently modified their holdings of OAK. Sei Investments Co. raised its position in shares of Oaktree Capital Group by 1,310.0% during the 1st quarter. Sei Investments Co. now owns 3,525 shares of the asset manager’s stock valued at $140,000 after acquiring an additional 3,275 shares during the last quarter. UBS Group AG raised its position in shares of Oaktree Capital Group by 23.4% during the 1st quarter. UBS Group AG now owns 405,955 shares of the asset manager’s stock valued at $16,076,000 after acquiring an additional 76,965 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Oaktree Capital Group by 101.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 9,600 shares of the asset manager’s stock valued at $380,000 after acquiring an additional 4,826 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Oaktree Capital Group by 8.5% during the 1st quarter. Guggenheim Capital LLC now owns 42,132 shares of the asset manager’s stock valued at $1,668,000 after acquiring an additional 3,304 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Oaktree Capital Group by 17.1% during the 1st quarter. Royal Bank of Canada now owns 51,078 shares of the asset manager’s stock valued at $2,022,000 after acquiring an additional 7,454 shares during the last quarter. Institutional investors own 26.20% of the company’s stock.

About Oaktree Capital Group

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 Group (NYSE:OAK)

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