Zacks: Analysts Anticipate Och-Ziff Capital Management Group LLC (OZM) Will Post Quarterly Sales of $90.65 Million

Analysts expect Och-Ziff Capital Management Group LLC (NYSE:OZM) to post $90.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Och-Ziff Capital Management Group’s earnings, with the lowest sales estimate coming in at $90.26 million and the highest estimate coming in at $91.04 million. Och-Ziff Capital Management Group posted sales of $152.56 million during the same quarter last year, which suggests a negative year-over-year growth rate of 40.6%. The company is expected to announce its next quarterly earnings results before the market opens on Wednesday, August 2nd.

On average, analysts expect that Och-Ziff Capital Management Group will report full year sales of $90.65 million for the current financial year, with estimates ranging from $676.67 million to $696.58 million. For the next year, analysts anticipate that the firm will post sales of $660.09 million per share, with estimates ranging from $643.18 million to $676.99 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its earnings results on Tuesday, May 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Och-Ziff Capital Management Group had a negative net margin of 8.27% and a negative return on equity of 41.72%. The firm had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $104.31 million. During the same period in the previous year, the business posted $0.11 EPS. The business’s revenue was down 24.1% compared to the same quarter last year.

A number of equities research analysts have commented on the company. Jefferies Group LLC reissued a “hold” rating and issued a $3.00 target price on shares of Och-Ziff Capital Management Group in a report on Tuesday, May 2nd. ValuEngine downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $2.50 price target on shares of Och-Ziff Capital Management Group in a research note on Wednesday, April 12th. Zacks Investment Research raised shares of Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 target price for the company in a research note on Friday, July 14th. Finally, BidaskClub raised shares of Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $3.46.

A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in Och-Ziff Capital Management Group by 292.1% in the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock valued at $115,000 after buying an additional 37,999 shares during the period. Usca Ria LLC acquired a new stake in Och-Ziff Capital Management Group during the first quarter valued at approximately $134,000. Searle & CO. acquired a new stake in Och-Ziff Capital Management Group during the first quarter valued at approximately $137,000. K.J. Harrison & Partners Inc acquired a new stake in Och-Ziff Capital Management Group during the second quarter valued at approximately $155,000. Finally, Two Sigma Investments LP acquired a new stake in Och-Ziff Capital Management Group during the fourth quarter valued at approximately $183,000. Institutional investors own 53.41% of the company’s stock.

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Och-Ziff Capital Management Group (NYSE OZM) opened at 3.01 on Tuesday. The firm’s market capitalization is $557.23 million. Och-Ziff Capital Management Group has a 52-week low of $2.15 and a 52-week high of $4.78. The firm’s 50-day moving average is $2.75 and its 200-day moving average is $2.68.

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.

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