Wall Street analysts predict that Och-Ziff Capital Management Group LLC (NYSE:OZM) will report sales of $418.18 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Och-Ziff Capital Management Group’s earnings, with estimates ranging from $359.10 million to $477.26 million. Och-Ziff Capital Management Group reported sales of $281.26 million during the same quarter last year, which indicates a positive year-over-year growth rate of 48.7%. The company is scheduled to issue its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full year sales of $418.18 million for the current fiscal year, with estimates ranging from $759.07 million to $860.54 million. For the next financial year, analysts expect that the company will post sales of $676.96 million per share, with estimates ranging from $673.19 million to $680.72 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Och-Ziff Capital Management Group.

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

Several equities research analysts have recently weighed in on the company. ValuEngine cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research cut Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Jefferies Group LLC upped their price target on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a research report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $3.25 price target on shares of Och-Ziff Capital Management Group in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.20.

ILLEGAL ACTIVITY WARNING: This article was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/11/07/418-18-million-in-sales-expected-for-och-ziff-capital-management-group-llc-ozm-this-quarter.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of Och-Ziff Capital Management Group by 292.1% during the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock worth $115,000 after purchasing an additional 37,999 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Och-Ziff Capital Management Group in the second quarter worth approximately $162,000. K.J. Harrison & Partners Inc purchased a new stake in Och-Ziff Capital Management Group in the second quarter worth approximately $155,000. Nationwide Fund Advisors purchased a new stake in Och-Ziff Capital Management Group in the second quarter worth approximately $193,000. Finally, Advisor Group Inc. purchased a new stake in Och-Ziff Capital Management Group in the third quarter worth approximately $258,000. 17.04% of the stock is owned by institutional investors.

Shares of Och-Ziff Capital Management Group (NYSE OZM) traded down $0.06 during trading on Thursday, reaching $3.22. The company had a trading volume of 674,740 shares, compared to its average volume of 631,430. Och-Ziff Capital Management Group has a fifty-two week low of $2.15 and a fifty-two week high of $3.95. The company has a market cap of $1,720.00, a PE ratio of 13.28 and a beta of 1.33. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -2.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, November 10th. Och-Ziff Capital Management Group’s payout ratio is 100.00%.

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.

Get a free copy of the Zacks research report on Och-Ziff Capital Management Group (OZM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Och-Ziff Capital Management Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group LLC and related stocks with our FREE daily email newsletter.