$316.39 Million in Sales Expected for Oaktree Capital Group LLC Unit (OAK) This Quarter

Brokerages predict that Oaktree Capital Group LLC Unit (NYSE:OAK) will announce $316.39 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Oaktree Capital Group LLC Unit’s earnings, with the highest sales estimate coming in at $355.68 million and the lowest estimate coming in at $283.90 million. Oaktree Capital Group LLC Unit reported sales of $273.53 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.7%. The business is expected to announce its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Oaktree Capital Group LLC Unit will report full year sales of $1.57 billion for the current fiscal year, with estimates ranging from $1.48 billion to $1.67 billion. For the next fiscal year, analysts expect that the company will post sales of $1.63 billion, with estimates ranging from $1.54 billion to $1.69 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Oaktree Capital Group LLC Unit.

Oaktree Capital Group LLC Unit (NYSE:OAK) last released its quarterly 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. Oaktree Capital Group LLC Unit had a return on equity of 18.49% and a net margin of 17.09%. The business had revenue of $266.42 million during the quarter, compared to analyst estimates of $522.21 million. During the same quarter in the prior year, the company posted $0.93 EPS. Oaktree Capital Group LLC Unit’s quarterly revenue was down 21.0% compared to the same quarter last year.

Several research analysts have recently issued reports on OAK shares. ValuEngine raised Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Zacks Investment Research raised Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, March 7th. Morgan Stanley lowered Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 14th. Finally, Wells Fargo & Co upped their price target on Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the stock a “market perform” rating in a research note on Thursday, March 14th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.50.

In other Oaktree Capital Group LLC Unit news, Director Ocm Growth Holdings Llc bought 1,628,366 shares of the business’s stock in a transaction on Friday, May 10th. The shares were acquired at an average cost of $15.16 per share, for a total transaction of $24,686,028.56. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Oaktree Capital Group Holdings bought 38,357 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were acquired at an average price of $4.45 per share, for a total transaction of $170,688.65. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,776,304 shares of company stock worth $25,361,404.

A number of institutional investors and hedge funds have recently modified their holdings of OAK. Goldman Sachs Group Inc. boosted its stake in Oaktree Capital Group LLC Unit by 2,922.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,546,723 shares of the asset manager’s stock valued at $176,095,000 after purchasing an additional 3,429,395 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Oaktree Capital Group LLC Unit by 751.1% during the 1st quarter. JPMorgan Chase & Co. now owns 3,271,739 shares of the asset manager’s stock valued at $162,442,000 after purchasing an additional 2,887,319 shares during the last quarter. FMR LLC boosted its stake in Oaktree Capital Group LLC Unit by 24.0% during the 4th quarter. FMR LLC now owns 6,438,972 shares of the asset manager’s stock valued at $255,949,000 after purchasing an additional 1,245,698 shares during the last quarter. Water Island Capital LLC purchased a new stake in Oaktree Capital Group LLC Unit during the 1st quarter valued at $55,303,000. Finally, Mackenzie Financial Corp boosted its stake in Oaktree Capital Group LLC Unit by 51.1% during the 4th quarter. Mackenzie Financial Corp now owns 2,736,011 shares of the asset manager’s stock valued at $108,756,000 after purchasing an additional 925,604 shares during the last quarter. Institutional investors and hedge funds own 30.43% of the company’s stock.

Shares of NYSE:OAK opened at $48.50 on Friday. Oaktree Capital Group LLC Unit has a 52-week low of $38.65 and a 52-week high of $50.76. The company has a market capitalization of $7.66 billion, a PE ratio of 18.44, a PEG ratio of 1.33 and a beta of 0.54. The company has a debt-to-equity ratio of 2.84, a current ratio of 2.20 and a quick ratio of 2.11.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Monday, May 6th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 8.66%. This is an increase from Oaktree Capital Group LLC Unit’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, May 3rd. Oaktree Capital Group LLC Unit’s dividend payout ratio (DPR) is currently 159.70%.

Oaktree Capital Group LLC Unit Company Profile

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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