Och-Ziff Capital Management Group LLC (NYSE:OZM) issued its earnings results on Thursday. The asset manager reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04, Bloomberg Earnings reports. 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 $125.26 million for the quarter, compared to analysts’ expectations of $101.92 million. During the same period last year, the business earned $0.05 EPS. Och-Ziff Capital Management Group’s quarterly revenue was down 9.8% compared to the same quarter last year.

A number of brokerages recently issued reports on OZM. BidaskClub cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research cut Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $2.50 target price on shares of Och-Ziff Capital Management Group in a report on Thursday, July 6th. Finally, Jefferies Group LLC increased their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Och-Ziff Capital Management Group currently has an average rating of “Hold” and an average target price of $3.20.

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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.

Earnings History for Och-Ziff Capital Management Group (NYSE:OZM)

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