Oaktree Capital Group LLC Unit (NYSE:OAK) Expected to Post Earnings of $0.64 Per Share

Equities research analysts expect Oaktree Capital Group LLC Unit (NYSE:OAK) to post $0.64 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Oaktree Capital Group LLC Unit’s earnings, with estimates ranging from $0.55 to $0.77. Oaktree Capital Group LLC Unit posted earnings per share of $0.51 in the same quarter last year, which would indicate a positive year over year growth rate of 25.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Oaktree Capital Group LLC Unit will report full year earnings of $3.46 per share for the current year, with EPS estimates ranging from $3.26 to $3.68. For the next financial year, analysts forecast that the company will post earnings of $3.60 per share, with EPS estimates ranging from $2.30 to $4.15. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Oaktree Capital Group LLC Unit.

Oaktree Capital Group LLC Unit (NYSE:OAK) last issued its earnings results on Thursday, April 25th. The asset manager reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.18. Oaktree Capital Group LLC Unit had a net margin of 17.09% and a return on equity of 18.49%. The business had revenue of $266.42 million for the quarter, compared to analyst estimates of $522.21 million. During the same period in the previous year, the business earned $0.93 EPS. The firm’s revenue was down 21.0% on a year-over-year basis.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Thursday, March 7th. ValuEngine upgraded shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Wells Fargo & Co lifted their target price on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the company a “market perform” rating in a research report on Thursday, March 14th. Finally, Morgan Stanley lowered shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 14th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.50.

In other news, Director Ocm Growth Holdings Llc purchased 1,628,366 shares of Oaktree Capital Group LLC Unit stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $15.16 per share, for a total transaction of $24,686,028.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Oaktree Capital Group Holdings purchased 27,300 shares of Oaktree Capital Group LLC Unit stock in a transaction on Wednesday, June 12th. The stock was purchased at an average price of $4.67 per share, for a total transaction of $127,491.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 2,412,913 shares of company stock worth $28,343,903.

A number of large investors have recently added to or reduced their stakes in OAK. D.A. Davidson & CO. boosted its position in Oaktree Capital Group LLC Unit by 2.4% in the fourth quarter. D.A. Davidson & CO. now owns 16,915 shares of the asset manager’s stock valued at $672,000 after buying an additional 392 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Oaktree Capital Group LLC Unit by 94.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,318 shares of the asset manager’s stock worth $728,000 after acquiring an additional 8,912 shares during the last quarter. River Road Asset Management LLC raised its stake in shares of Oaktree Capital Group LLC Unit by 17.4% in the fourth quarter. River Road Asset Management LLC now owns 369,732 shares of the asset manager’s stock worth $14,697,000 after acquiring an additional 54,846 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Oaktree Capital Group LLC Unit by 51.1% in the fourth quarter. Mackenzie Financial Corp now owns 2,736,011 shares of the asset manager’s stock worth $108,756,000 after acquiring an additional 925,604 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Oaktree Capital Group LLC Unit by 14.6% in the fourth quarter. LPL Financial LLC now owns 35,313 shares of the asset manager’s stock worth $1,404,000 after acquiring an additional 4,512 shares during the last quarter. Hedge funds and other institutional investors own 32.42% of the company’s stock.

Shares of Oaktree Capital Group LLC Unit stock traded down $0.10 during trading on Friday, hitting $49.05. 508,375 shares of the company’s stock traded hands, compared to its average volume of 1,096,716. The company has a debt-to-equity ratio of 2.84, a quick ratio of 2.20 and a current ratio of 2.20. Oaktree Capital Group LLC Unit has a twelve month low of $38.65 and a twelve month high of $50.76. The firm has a market cap of $7.85 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54.

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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