Och-Ziff Capital Management Group (OZM) Releases Quarterly Earnings, Hits Estimates
Och-Ziff Capital Management Group (NYSE:OZM) released its earnings data on Tuesday. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18, AR Network reports. The company had revenue of $262.50 million for the quarter, compared to the consensus estimate of $182.04 million. During the same quarter last year, the company posted $0.16 earnings per share. Och-Ziff Capital Management Group’s revenue was up 14.5% compared to the same quarter last year.
On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Och-Ziff Capital Management Group from $14.00 to $15.00 in a research note on Monday, July 14th. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $16.22.
Shares of Och-Ziff Capital Management Group (NYSE:OZM) opened at 13.56 on Tuesday. Och-Ziff Capital Management Group has a 1-year low of $10.16 and a 1-year high of $16.00. The stock’s 50-day moving average is $13. and its 200-day moving average is $13.47. The company has a market cap of $2.315 billion and a P/E ratio of 8.74.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.91%.
Och-Ziff Capital Management Group LLC (NYSE:OZM) is an institutional alternative asset managers.
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