Wall Street analysts expect that Och-Ziff Capital Management Group LLC (NYSE:OZM) will report sales of $90.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Och-Ziff Capital Management Group’s earnings. The highest sales estimate is $91.04 million and the lowest is $90.26 million. Och-Ziff Capital Management Group posted sales of $152.56 million during the same quarter last year, which would indicate a negative year over year growth rate of 40.6%. The company is scheduled to announce its next earnings results on Tuesday, August 1st.

According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full year sales of $90.65 million for the current year, with estimates ranging from $667.27 million to $696.58 million. For the next year, analysts forecast that the firm will post sales of $658.51 million per share, with estimates ranging from $640.03 million to $676.99 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings results on Tuesday, May 2nd. The asset manager reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Och-Ziff Capital Management Group had a negative net margin of 18.75% and a positive return on equity of 106.32%. The business had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $104.31 million. During the same quarter last year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 24.1% compared to the same quarter last year.

Several analysts have issued reports on OZM shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a research report on Wednesday, April 12th. JPMorgan Chase & Co. lowered shares of Och-Ziff Capital Management Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 16th. Credit Suisse Group AG set a $3.00 price target on shares of Och-Ziff Capital Management Group and gave the stock a “hold” rating in a research report on Thursday, February 16th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $3.00 price target on shares of Och-Ziff Capital Management Group in a research report on Tuesday, May 2nd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.78.

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in shares of Och-Ziff Capital Management Group by 292.1% in the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock valued at $115,000 after buying an additional 37,999 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Och-Ziff Capital Management Group during the fourth quarter valued at $183,000. Usca Ria LLC acquired a new stake in shares of Och-Ziff Capital Management Group during the first quarter valued at $134,000. Searle & CO. acquired a new stake in shares of Och-Ziff Capital Management Group during the first quarter valued at $137,000. Finally, Gamco Investors INC. ET AL raised its stake in shares of Och-Ziff Capital Management Group by 337.4% in the first quarter. Gamco Investors INC. ET AL now owns 99,300 shares of the asset manager’s stock valued at $224,000 after buying an additional 76,600 shares during the period. Institutional investors and hedge funds own 52.74% of the company’s stock.

Och-Ziff Capital Management Group (NYSE:OZM) opened at 2.44 on Wednesday. The stock’s 50 day moving average is $2.33 and its 200 day moving average is $2.85. Och-Ziff Capital Management Group has a 12 month low of $2.15 and a 12 month high of $4.78. The company’s market cap is $451.71 million.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, May 12th will be given a dividend of $0.02 per share. This is a positive change from Och-Ziff Capital Management Group’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Wednesday, May 10th.

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Och-Ziff Capital Management Group Company Profile

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

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