Och-Ziff Capital Management Group (OZM) Set to Announce Quarterly Earnings on Friday
Och-Ziff Capital Management Group (NYSE:OZM) will announce its Q114 earnings results on Friday, May 2nd. Analysts expect the company to announce earnings of $0.16 per share and revenue of $165.97 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Och-Ziff Capital Management Group (NYSE:OZM) last announced its earnings results on Thursday, February 6th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.34. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $842.46 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, analysts expect Och-Ziff Capital Management Group to post $1.32 EPS for the current fiscal year and $1.67 EPS for the next fiscal year.
Och-Ziff Capital Management Group (NYSE:OZM) opened at 11.99 on Thursday. Och-Ziff Capital Management Group has a one year low of $9.74 and a one year high of $16.00. The stock’s 50-day moving average is $13.15 and its 200-day moving average is $13.75. The company has a market cap of $2.045 billion and a price-to-earnings ratio of 7.49. Och-Ziff Capital Management Group also saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,224,112 shares, a decline of 38.1% from the March 31st total of 1,978,914 shares. Based on an average daily volume of 1,674,783 shares, the short-interest ratio is presently 0.7 days. Currently, 1.0% of the company’s stock are sold short.
A number of research firms have recently commented on OZM. Analysts at Zacks downgraded shares of Och-Ziff Capital Management Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $15.10 price target on the stock. On a related note, analysts at Jefferies Group cut their price target on shares of Och-Ziff Capital Management Group to $16.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Och-Ziff Capital Management Group from $15.00 to $16.00 in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.68.
Och-Ziff Capital Management Group LLC (NYSE:OZM) is an institutional alternative asset managers.
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