Brokerages expect Oaktree Capital Group LLC (NYSE:OAK) to post earnings per share of $0.50 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Oaktree Capital Group’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.45. Oaktree Capital Group reported earnings of $0.67 per share during the same quarter last year, which suggests a negative year over year growth rate of 25.4%. The firm is expected to announce its next earnings results before the market opens on Thursday, October 25th.
According to Zacks, analysts expect that Oaktree Capital Group will report full-year earnings of $2.69 per share for the current year, with EPS estimates ranging from $2.57 to $2.87. For the next fiscal year, analysts anticipate that the company will report earnings of $3.50 per share, with EPS estimates ranging from $3.05 to $4.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Oaktree Capital Group.
Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Oaktree Capital Group had a net margin of 13.05% and a return on equity of 9.38%. The company had revenue of $273.53 million during the quarter, compared to analyst estimates of $276.75 million. During the same quarter in the previous year, the business posted $1.73 earnings per share. The company’s revenue for the quarter was down 61.2% on a year-over-year basis.
A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Oaktree Capital Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 31st. TheStreet upgraded shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a research note on Tuesday, July 24th. Oppenheimer restated a “hold” rating on shares of Oaktree Capital Group in a research note on Monday, July 30th. Zacks Investment Research upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, July 12th. Finally, Credit Suisse Group reduced their price target on shares of Oaktree Capital Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.40.
Shares of OAK traded down $0.40 during mid-day trading on Wednesday, reaching $41.66. The company had a trading volume of 4,041 shares, compared to its average volume of 296,878. Oaktree Capital Group has a 1-year low of $38.65 and a 1-year high of $47.80. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.49. The company has a market cap of $6.51 billion, a P/E ratio of 10.53, a PEG ratio of 1.02 and a beta of 0.71.
In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc bought 1,006,899 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were acquired at an average cost of $15.02 per share, for a total transaction of $15,123,622.98. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Larry W. Keele sold 8,333 shares of Oaktree Capital Group stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $41.40, for a total transaction of $344,986.20. Following the sale, the director now owns 8,656 shares in the company, valued at $358,358.40. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of OAK. Squar Milner Financial Services LLC acquired a new position in shares of Oaktree Capital Group in the 2nd quarter worth approximately $102,000. Stelac Advisory Services LLC acquired a new position in shares of Oaktree Capital Group in the 2nd quarter worth approximately $118,000. Sei Investments Co. lifted its position in shares of Oaktree Capital Group by 1,310.0% in the 1st quarter. Sei Investments Co. now owns 3,525 shares of the asset manager’s stock worth $140,000 after purchasing an additional 3,275 shares during the period. Whittier Trust Co. acquired a new position in shares of Oaktree Capital Group in the 2nd quarter worth approximately $195,000. Finally, EdgePoint Investment Group Inc. acquired a new position in shares of Oaktree Capital Group in the 2nd quarter worth approximately $167,000. Institutional investors and hedge funds own 26.25% of the company’s stock.
Oaktree Capital Group 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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