Och-Ziff Capital Management Group (OZM) Set to Announce Earnings on Thursday

Och-Ziff Capital Management Group (NYSE:OZM) is scheduled to be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect Och-Ziff Capital Management Group to post earnings of $0.17 per share for the quarter.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings results on Thursday, March 7th. The asset manager reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.19). Och-Ziff Capital Management Group had a negative net margin of 4.79% and a negative return on equity of 1,788.13%. The company had revenue of $166.42 million for the quarter, compared to analysts’ expectations of $145.79 million. On average, analysts expect Och-Ziff Capital Management Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:OZM opened at $15.98 on Wednesday. Och-Ziff Capital Management Group has a fifty-two week low of $8.60 and a fifty-two week high of $23.00. The firm has a market cap of $779.02 million, a P/E ratio of 13.66 and a beta of 1.33.

A number of research firms have weighed in on OZM. Zacks Investment Research lowered Och-Ziff Capital Management Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 20th. ValuEngine upgraded Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

In other news, CFO Thomas Michael Sipp sold 3,537 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $15.57, for a total transaction of $55,071.09. Following the transaction, the chief financial officer now owns 105,507 shares in the company, valued at $1,642,743.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Erez Elisha sold 1,758 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $15.80, for a total value of $27,776.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,256 shares of company stock worth $354,165. Insiders own 60.77% of the company’s stock.

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About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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Earnings History for Och-Ziff Capital Management Group (NYSE:OZM)

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