$316.39 Million in Sales Expected for Oaktree Capital Group LLC Unit (NYSE:OAK) This Quarter

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Equities analysts expect Oaktree Capital Group LLC Unit (NYSE:OAK) to post sales of $316.39 million for the current quarter, Zacks reports. Four analysts have provided estimates for Oaktree Capital Group LLC Unit’s earnings. The lowest sales estimate is $283.90 million and the highest is $355.68 million. Oaktree Capital Group LLC Unit reported sales of $273.53 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.7%. The business is expected to report its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Oaktree Capital Group LLC Unit will report full-year sales of $1.57 billion for the current financial year, with estimates ranging from $1.48 billion to $1.67 billion. For the next year, analysts anticipate that the business will report sales of $1.63 billion, with estimates ranging from $1.54 billion to $1.69 billion. Zacks Investment Research’s sales calculations 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 quarterly earnings results on Thursday, April 25th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.18. The company had revenue of $266.42 million for the quarter, compared to analyst estimates of $522.21 million. Oaktree Capital Group LLC Unit had a net margin of 17.09% and a return on equity of 18.49%. The business’s quarterly revenue was down 21.0% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS.

Several research firms have issued reports on OAK. ValuEngine lowered shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research upgraded shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Thursday, March 7th. Morgan Stanley downgraded shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 14th. Finally, Wells Fargo & Co raised their price objective on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the stock a “market perform” rating in a report on Thursday, March 14th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $46.50.

In other news, Director Ocm Growth Holdings Llc purchased 1,628,366 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $15.16 per share, with a total value of $24,686,028.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings purchased 77,065 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were purchased at an average cost of $4.57 per share, with a total value of $352,187.05. The disclosure for this purchase can be found here. Insiders have bought a total of 2,385,613 shares of company stock valued at $28,216,412 over the last ninety days.

A number of hedge funds have recently made changes to their positions in OAK. Goldman Sachs Group Inc. lifted its holdings in Oaktree Capital Group LLC Unit by 2,922.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,546,723 shares of the asset manager’s stock valued at $176,095,000 after purchasing an additional 3,429,395 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Oaktree Capital Group LLC Unit by 751.1% during the 1st quarter. JPMorgan Chase & Co. now owns 3,271,739 shares of the asset manager’s stock valued at $162,442,000 after purchasing an additional 2,887,319 shares during the last quarter. FMR LLC lifted its holdings in Oaktree Capital Group LLC Unit by 24.0% during the 4th quarter. FMR LLC now owns 6,438,972 shares of the asset manager’s stock valued at $255,949,000 after purchasing an additional 1,245,698 shares during the last quarter. Water Island Capital LLC bought a new position in Oaktree Capital Group LLC Unit during the 1st quarter valued at about $55,303,000. Finally, Mackenzie Financial Corp lifted its holdings in Oaktree Capital Group LLC Unit by 51.1% during the 4th quarter. Mackenzie Financial Corp now owns 2,736,011 shares of the asset manager’s stock valued at $108,756,000 after purchasing an additional 925,604 shares during the last quarter. 32.42% of the stock is owned by hedge funds and other institutional investors.

NYSE OAK traded up $0.01 during midday trading on Monday, hitting $49.19. The company had a trading volume of 32,608 shares, compared to its average volume of 1,124,157. 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 firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 2.22 and a beta of 0.54. Oaktree Capital Group LLC Unit has a fifty-two week low of $38.65 and a fifty-two week high of $50.76.

Oaktree Capital Group LLC Unit Company Profile

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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Earnings History and Estimates for Oaktree Capital Group LLC Unit (NYSE:OAK)

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