Och-Ziff Capital Management Group LLC (OZM) Expected to Announce Quarterly Sales of $387.92 Million

Equities analysts forecast that Och-Ziff Capital Management Group LLC (NYSE:OZM) will announce sales of $387.92 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Och-Ziff Capital Management Group’s earnings. The highest sales estimate is $450.21 million and the lowest is $325.63 million. Och-Ziff Capital Management Group reported sales of $281.26 million during the same quarter last year, which suggests a positive year over year growth rate of 37.9%. The company is expected to announce its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full year sales of $387.92 million for the current fiscal year, with estimates ranging from $725.61 million to $850.18 million. For the next fiscal year, analysts forecast that the business will report sales of $685.41 million per share, with estimates ranging from $652.44 million to $718.37 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $125.26 million for the quarter, compared to analyst estimates of $101.92 million. Och-Ziff Capital Management Group had a negative return on equity of 54.57% and a net margin of 3.35%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share.

A number of research firms recently issued reports on OZM. ValuEngine lowered Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Zacks Investment Research raised Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Jefferies Group raised their price target on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $3.13.

Och-Ziff Capital Management Group (NYSE OZM) traded down $0.04 during midday trading on Friday, hitting $2.72. The company had a trading volume of 383,736 shares, compared to its average volume of 998,733. The company has a debt-to-equity ratio of -2.61, a quick ratio of 1.57 and a current ratio of 1.57. Och-Ziff Capital Management Group has a 52-week low of $2.15 and a 52-week high of $3.95. The stock has a market capitalization of $1,427.39, a price-to-earnings ratio of 10.88 and a beta of 1.23.

In related news, CAO Erez Elisha sold 47,699 shares of the firm’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $2.51, for a total transaction of $119,724.49. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 60.25% of the company’s stock.

A number of large investors have recently made changes to their positions in OZM. Stonerise Capital Management LLC acquired a new stake in Och-Ziff Capital Management Group in the second quarter valued at about $2,474,000. California Public Employees Retirement System lifted its position in Och-Ziff Capital Management Group by 565.9% in the second quarter. California Public Employees Retirement System now owns 606,000 shares of the asset manager’s stock valued at $1,551,000 after purchasing an additional 515,000 shares during the period. Artemis Investment Management LLP lifted its position in Och-Ziff Capital Management Group by 18.2% in the third quarter. Artemis Investment Management LLP now owns 3,240,000 shares of the asset manager’s stock valued at $10,384,000 after purchasing an additional 500,000 shares during the period. GSA Capital Partners LLP acquired a new stake in Och-Ziff Capital Management Group in the third quarter valued at about $737,000. Finally, Wells Fargo & Company MN lifted its position in Och-Ziff Capital Management Group by 437.2% in the third quarter. Wells Fargo & Company MN now owns 247,235 shares of the asset manager’s stock valued at $796,000 after purchasing an additional 201,215 shares during the period. Hedge funds and other institutional investors own 17.14% of the company’s stock.

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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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