Zacks: Analysts Expect Och-Ziff Capital Management Group LLC (OZM) to Announce $0.21 Earnings Per Share

Equities analysts expect Och-Ziff Capital Management Group LLC (NYSE:OZM) to post earnings per share of $0.21 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Och-Ziff Capital Management Group’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.09. Och-Ziff Capital Management Group reported earnings per share of $0.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2,000%. The company is expected to announce its next earnings results on Wednesday, February 21st.

On average, analysts expect that Och-Ziff Capital Management Group will report full-year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.33 to $0.57. For the next year, analysts forecast that the company will report earnings of $0.30 per share, with EPS estimates ranging from $0.23 to $0.37. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its earnings results on Thursday, November 2nd. The asset manager reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $125.26 million for the quarter, compared to analyst estimates of $101.92 million. Och-Ziff Capital Management Group’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS.

A number of equities research analysts have commented on OZM shares. Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a report on Thursday, January 4th. ValuEngine cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Jefferies Group increased their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.13.

In other news, CAO Erez Elisha sold 47,699 shares of the firm’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $2.51, for a total transaction of $119,724.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 60.25% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Searle & CO. boosted its holdings in shares of Och-Ziff Capital Management Group by 27.1% during the fourth quarter. Searle & CO. now owns 131,200 shares of the asset manager’s stock worth $328,000 after purchasing an additional 28,000 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Och-Ziff Capital Management Group during the third quarter worth $737,000. Continental Advisors LLC boosted its holdings in shares of Och-Ziff Capital Management Group by 1.9% during the third quarter. Continental Advisors LLC now owns 2,147,593 shares of the asset manager’s stock worth $6,915,000 after purchasing an additional 40,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Och-Ziff Capital Management Group by 91.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 60,283 shares of the asset manager’s stock worth $194,000 after purchasing an additional 28,873 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Och-Ziff Capital Management Group by 437.2% during the third quarter. Wells Fargo & Company MN now owns 247,235 shares of the asset manager’s stock worth $796,000 after purchasing an additional 201,215 shares during the last quarter. Institutional investors and hedge funds own 17.14% of the company’s stock.

Shares of Och-Ziff Capital Management Group (NYSE OZM) opened at $2.38 on Monday. The company has a market capitalization of $1,285.70, a price-to-earnings ratio of 29.75 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -2.61. Och-Ziff Capital Management Group has a fifty-two week low of $2.15 and a fifty-two week high of $3.95.

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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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