Brokerages Anticipate Oaktree Capital Group LLC (OAK) to Announce $0.57 EPS
Wall Street analysts forecast that Oaktree Capital Group LLC (NYSE:OAK) will report $0.57 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Oaktree Capital Group’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.69. Oaktree Capital Group posted earnings of $0.91 per share in the same quarter last year, which would suggest a negative year over year growth rate of 37.4%. The business is scheduled to announce 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 financial year, with EPS estimates ranging from $3.77 to $3.95. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.61 per share, with EPS estimates ranging from $3.41 to $3.79. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Oaktree Capital Group.
Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $281.61 million. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The firm’s quarterly revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS.
Shares of Oaktree Capital Group (NYSE:OAK) traded down $0.05 on Thursday, reaching $45.65. The company had a trading volume of 198,007 shares, compared to its average volume of 218,374. The stock has a market cap of $7,131.21, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 1.80. Oaktree Capital Group has a twelve month low of $40.65 and a twelve month high of $48.50.
In other Oaktree Capital Group news, major shareholder Oaktree Capital Management Lp bought 28,800 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were acquired at an average cost of $8.63 per share, for a total transaction of $248,544.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Organics L.P. Oaktree bought 3,055,460 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $7.50 per share, for a total transaction of $22,915,950.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 4,498,182 shares of company stock worth $44,373,324 in the last three months.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors increased its stake in Oaktree Capital Group by 426.5% in the 2nd quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock worth $68,354,000 after acquiring an additional 1,188,224 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Oaktree Capital Group by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,389,230 shares of the asset manager’s stock worth $65,016,000 after acquiring an additional 67,825 shares during the last quarter. Markel Corp increased its stake in Oaktree Capital Group by 4.2% in the 3rd quarter. Markel Corp now owns 886,500 shares of the asset manager’s stock worth $41,710,000 after acquiring an additional 36,000 shares during the last quarter. Mackenzie Financial Corp increased its stake in Oaktree Capital Group by 9.4% in the 3rd quarter. Mackenzie Financial Corp now owns 820,092 shares of the asset manager’s stock worth $38,585,000 after acquiring an additional 70,421 shares during the last quarter. Finally, Ardevora Asset Management LLP increased its stake in Oaktree Capital Group by 2.1% in the 3rd quarter. Ardevora Asset Management LLP now owns 758,200 shares of the asset manager’s stock worth $35,673,000 after acquiring an additional 15,800 shares during the last quarter. Institutional investors and hedge funds own 22.59% of the company’s stock.
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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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