Oaktree Capital Group LLC (OAK) Scheduled to Post Earnings on Friday
Oaktree Capital Group LLC (NYSE:OAK) is scheduled to issue its quarterly earnings data on Friday, November 1st. Investors interested in registering for the company’s conference call can do so using this link.
Oaktree Capital Group LLC (NYSE:OAK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.13. The company had revenue of $555.10 million for the quarter, compared to the consensus estimate of $543.91 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 62.7% on a year-over-year basis. On average, analysts expect Oaktree Capital Group LLC to post $5.74 EPS for the current fiscal year and $4.77 EPS for the next fiscal year.
Oaktree Capital Group LLC (NYSE:OAK) opened at 56.80 on Thursday. Oaktree Capital Group LLC has a 1-year low of $38.31 and a 1-year high of $59.50. The stock has a 50-day moving average of $52.89 and a 200-day moving average of $52.56. The company has a market cap of $2.172 billion and a price-to-earnings ratio of 9.83.
A number of analysts have recently weighed in on OAK shares. Analysts at Zacks downgraded shares of Oaktree Capital Group LLC from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $54.70 price target on the stock. On the ratings front, analysts at Bank of America Corp. reiterated a “hold” rating on shares of Oaktree Capital Group LLC in a research note to investors on Monday, October 14th. They now have a $58.00 price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Oaktree Capital Group LLC to $60.00 in a research note to investors on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Oaktree Capital Group LLC currently has a consensus rating of “Hold” and an average target price of $59.28.
Oaktree Capital Group, LLC (NYSE:OAK) is a global investment management firm focused on alternative markets.
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