Wall Street brokerages expect Och-Ziff Capital Management Group LLC (NYSE:OZM) to post sales of $100.60 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Och-Ziff Capital Management Group’s earnings, with estimates ranging from $92.64 million to $108.56 million. Och-Ziff Capital Management Group posted sales of $148.11 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 32.1%. The company is scheduled to report its next earnings report before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full-year sales of $100.60 million for the current financial year, with estimates ranging from $728.32 million to $860.54 million. For the next fiscal year, analysts anticipate that the firm will report sales of $663.14 million per share, with estimates ranging from $645.56 million to $680.72 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.08. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. The company had revenue of $148.95 million during the quarter, compared to analyst estimates of $90.65 million. During the same quarter last year, the company earned $0.06 EPS.

OZM has been the subject of several analyst reports. Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective for the company in a report on Friday, July 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $3.25 target price on shares of Och-Ziff Capital Management Group in a research report on Tuesday, September 5th. Jefferies Group LLC upped their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub raised Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Och-Ziff Capital Management Group has an average rating of “Hold” and an average target price of $3.20.

Several institutional investors have recently added to or reduced their stakes in the company. Artemis Investment Management LLP raised its holdings in shares of Och-Ziff Capital Management Group by 18.2% in the third quarter. Artemis Investment Management LLP now owns 3,240,000 shares of the asset manager’s stock valued at $10,384,000 after buying an additional 500,000 shares during the last quarter. Sterneck Capital Management LLC increased its stake in shares of Och-Ziff Capital Management Group by 3.2% during the second quarter. Sterneck Capital Management LLC now owns 417,995 shares of the asset manager’s stock worth $1,070,000 after acquiring an additional 13,117 shares during the period. Odey Asset Management Group Ltd increased its stake in shares of Och-Ziff Capital Management Group by 1.3% during the second quarter. Odey Asset Management Group Ltd now owns 7,211,519 shares of the asset manager’s stock worth $18,461,000 after acquiring an additional 91,000 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Och-Ziff Capital Management Group by 1.6% during the second quarter. Goldman Sachs Group Inc. now owns 965,999 shares of the asset manager’s stock worth $2,473,000 after acquiring an additional 15,557 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Och-Ziff Capital Management Group by 565.9% during the second quarter. California Public Employees Retirement System now owns 606,000 shares of the asset manager’s stock worth $1,551,000 after acquiring an additional 515,000 shares during the period. 16.95% of the stock is owned by institutional investors and hedge funds.

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About Och-Ziff Capital Management Group

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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