Och-Ziff Capital Management Group LLC (OZM) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Och-Ziff Capital Management Group LLC (NYSE:OZM) announced its earnings results on Thursday. The asset manager reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04, Bloomberg Earnings reports. The company had revenue of $125.26 million during the quarter, compared to the consensus estimate of $101.92 million. Och-Ziff Capital Management Group had a negative return on equity of 51.36% and a net margin of 3.35%. The company’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share.
Och-Ziff Capital Management Group (NYSE OZM) traded down $0.30 on Friday, hitting $3.50. The stock had a trading volume of 1,373,005 shares, compared to its average volume of 496,535. The company has a debt-to-equity ratio of -2.30, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $1.84 billion, a P/E ratio of 14.00 and a beta of 1.33.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 13th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.08 dividend on an annualized basis and a yield of 2.29%. Och-Ziff Capital Management Group’s payout ratio is currently 100.01%.
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OZM has been the subject of several recent analyst reports. Jefferies Group LLC raised their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a research note on Wednesday, October 4th. BidaskClub upgraded Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $3.25 price target on shares of Och-Ziff Capital Management Group in a research note on Tuesday, September 5th. Finally, Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 price target for the company in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.20.
Och-Ziff Capital Management Group Company Profile
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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