Oaktree Capital Group LLC Unit (NYSE:OAK) Expected to Post Earnings of $0.68 Per Share
Brokerages expect that Oaktree Capital Group LLC Unit (NYSE:OAK) will report earnings of $0.68 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Oaktree Capital Group LLC Unit’s earnings, with estimates ranging from $0.58 to $0.79. Oaktree Capital Group LLC Unit posted earnings of $0.78 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 24th.
On average, analysts expect that Oaktree Capital Group LLC Unit will report full year earnings of $3.48 per share for the current year, with EPS estimates ranging from $3.27 to $3.77. For the next year, analysts anticipate that the company will post earnings of $3.61 per share, with EPS estimates ranging from $2.42 to $4.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Oaktree Capital Group LLC Unit.
Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its earnings results on Thursday, July 25th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The business had revenue of $313.48 million for the quarter, compared to analyst estimates of $311.80 million. Oaktree Capital Group LLC Unit had a return on equity of 18.93% and a net margin of 17.16%. The firm’s revenue was up 47.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share.
In other Oaktree Capital Group LLC Unit news, Director Ocm Growth Holdings Llc acquired 1,628,366 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $15.16 per share, for a total transaction of $24,686,028.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings acquired 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average price of $4.70 per share, with a total value of $2,350,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 2,264,975 shares of company stock worth $27,668,527.
Institutional investors have recently made changes to their positions in the business. Cordasco Financial Network bought a new stake in Oaktree Capital Group LLC Unit during the first quarter worth $35,000. NEXT Financial Group Inc purchased a new position in Oaktree Capital Group LLC Unit during the second quarter worth about $49,000. Alpha Omega Wealth Management LLC grew its position in Oaktree Capital Group LLC Unit by 108.4% during the first quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock worth $55,000 after buying an additional 580 shares in the last quarter. Westside Investment Management Inc. bought a new stake in Oaktree Capital Group LLC Unit during the second quarter worth about $59,000. Finally, Fort Sheridan Advisors LLC bought a new stake in Oaktree Capital Group LLC Unit during the first quarter worth about $218,000. 32.13% of the stock is owned by hedge funds and other institutional investors.
Shares of OAK stock traded up $0.01 during trading on Wednesday, reaching $50.69. 44,542 shares of the company’s stock were exchanged, compared to its average volume of 584,028. The company has a debt-to-equity ratio of 2.84, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $8.09 billion, a PE ratio of 19.33, a PEG ratio of 2.43 and a beta of 0.53. Oaktree Capital Group LLC Unit has a twelve month low of $38.65 and a twelve month high of $50.76. The business has a fifty day moving average price of $49.80.
About Oaktree Capital Group LLC Unit
Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.
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