Zacks: Brokerages Expect Oaktree Capital Group LLC Unit (OAK) Will Announce Earnings of $0.64 Per Share

Equities research analysts expect Oaktree Capital Group LLC Unit (NYSE:OAK) to report earnings of $0.64 per share for the current quarter, according to Zacks. Four analysts have made estimates for Oaktree Capital Group LLC Unit’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.77. Oaktree Capital Group LLC Unit reported earnings per share of $0.51 in the same quarter last year, which would indicate a positive year over year growth rate of 25.5%. The company is scheduled to report its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Oaktree Capital Group LLC Unit will report full-year earnings of $3.46 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.68. For the next financial year, analysts expect that the firm will post earnings of $3.60 per share, with EPS estimates ranging from $2.30 to $4.15. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Oaktree Capital Group LLC Unit.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its earnings results on Thursday, April 25th. The asset manager reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.18. The firm had revenue of $266.42 million during the quarter, compared to the consensus estimate of $522.21 million. Oaktree Capital Group LLC Unit had a return on equity of 18.61% and a net margin of 17.09%. The company’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS.

A number of research analysts have recently commented on OAK shares. Morgan Stanley downgraded Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 14th. Zacks Investment Research upgraded Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Friday, February 15th. ValuEngine downgraded Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Co increased their target price on Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the company a “market perform” rating in a research report on Thursday, March 14th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.50.

In related news, major shareholder Oaktree Capital Group Holdings purchased 77,065 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was bought at an average cost of $4.57 per share, for a total transaction of $352,187.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ocm Growth Holdings Llc purchased 1,628,366 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of $15.16 per share, with a total value of $24,686,028.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,776,304 shares of company stock valued at $25,361,404.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cordasco Financial Network purchased a new stake in Oaktree Capital Group LLC Unit in the first quarter worth $35,000. Alpha Omega Wealth Management LLC increased its stake in Oaktree Capital Group LLC Unit by 108.4% in the first quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock worth $55,000 after purchasing an additional 580 shares during the period. Cresset Asset Management LLC purchased a new stake in Oaktree Capital Group LLC Unit in the first quarter worth $60,000. M&R Capital Management Inc. increased its stake in Oaktree Capital Group LLC Unit by 534.5% in the fourth quarter. M&R Capital Management Inc. now owns 3,680 shares of the asset manager’s stock worth $146,000 after purchasing an additional 3,100 shares during the period. Finally, We Are One Seven LLC purchased a new stake in Oaktree Capital Group LLC Unit in the fourth quarter worth $165,000. Institutional investors own 30.43% of the company’s stock.

Shares of NYSE OAK traded down $0.20 during midday trading on Thursday, reaching $49.08. 784,500 shares of the stock traded hands, compared to its average volume of 908,909. The company has a debt-to-equity ratio of 2.75, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market capitalization of $7.74 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.33 and a beta of 0.54. Oaktree Capital Group LLC Unit has a one year low of $38.65 and a one year high of $50.76.

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, May 6th were given a $1.05 dividend. The ex-dividend date was Friday, May 3rd. This is an increase from Oaktree Capital Group LLC Unit’s previous quarterly dividend of $0.75. This represents a $4.20 dividend on an annualized basis and a yield of 8.56%. Oaktree Capital Group LLC Unit’s dividend payout ratio (DPR) is currently 159.70%.

About Oaktree Capital Group LLC Unit

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 LLC Unit (NYSE:OAK)

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