Analysts Anticipate Oaktree Capital Group LLC (OAK) Will Post Earnings of $0.57 Per Share
Equities analysts expect Oaktree Capital Group LLC (NYSE:OAK) to post earnings per share of $0.57 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Oaktree Capital Group’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.51. Oaktree Capital Group posted earnings of $0.91 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 37.4%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, February 6th.
According to Zacks, analysts expect that Oaktree Capital Group will report full year earnings of $3.83 per share for the current fiscal year, with EPS estimates ranging from $3.77 to $3.95. For the next year, analysts expect that the company will report earnings of $3.61 per share, with EPS estimates ranging from $3.41 to $3.79. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Oaktree Capital Group.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. The company had revenue of $304.80 million for the quarter, compared to the consensus estimate of $281.61 million. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. Oaktree Capital Group’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS.
In other news, Director Ocm Growth Holdings Llc purchased 1,413,922 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average cost of $15.00 per share, with a total value of $21,208,830.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Organics L.P. Oaktree purchased 3,055,460 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $7.50 per share, with a total value of $22,915,950.00. The disclosure for this purchase can be found here. Insiders acquired a total of 4,498,182 shares of company stock valued at $44,373,324 over the last three months.
Hedge funds have recently added to or reduced their stakes in the stock. Steinberg Global Asset Management purchased a new position in shares of Oaktree Capital Group during the 3rd quarter worth about $4,186,000. JPMorgan Chase & Co. boosted its stake in shares of Oaktree Capital Group by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,389,230 shares of the asset manager’s stock worth $65,016,000 after purchasing an additional 67,825 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Oaktree Capital Group by 37.4% during the 2nd quarter. Alliancebernstein L.P. now owns 251,256 shares of the asset manager’s stock worth $11,709,000 after purchasing an additional 68,431 shares during the period. Ardevora Asset Management LLP boosted its stake in shares of Oaktree Capital Group by 2.1% during the 3rd quarter. Ardevora Asset Management LLP now owns 758,200 shares of the asset manager’s stock worth $35,673,000 after purchasing an additional 15,800 shares during the period. Finally, Markel Corp boosted its stake in shares of Oaktree Capital Group by 4.2% during the 3rd quarter. Markel Corp now owns 886,500 shares of the asset manager’s stock worth $41,710,000 after purchasing an additional 36,000 shares during the period. 22.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Oaktree Capital Group (NYSE:OAK) traded up $0.05 during midday trading on Thursday, reaching $45.70. 238,069 shares of the company’s stock were exchanged, compared to its average volume of 256,467. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $7,130.00, a P/E ratio of 10.51, a P/E/G ratio of 1.03 and a beta of 0.58. Oaktree Capital Group has a one year low of $40.65 and a one year high of $48.50.
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About Oaktree Capital Group
Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.
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