Brokerages Expect Oaktree Capital Management (OAK) Will Announce Earnings of $0.53 Per Share

Equities analysts expect Oaktree Capital Management (NYSE:OAK) to announce $0.53 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Oaktree Capital Management’s earnings, with estimates ranging from $0.39 to $0.61. Oaktree Capital Management reported earnings of $1.73 per share in the same quarter last year, which would indicate a negative year over year growth rate of 69.4%. The firm is expected to announce its next quarterly earnings results on Thursday, July 26th.

On average, analysts expect that Oaktree Capital Management will report full year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $3.58. For the next year, analysts forecast that the company will post earnings of $3.64 per share, with EPS estimates ranging from $3.20 to $4.21. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Oaktree Capital Management.

Oaktree Capital Management (NYSE:OAK) last released its quarterly earnings results on Thursday, April 26th. The asset manager reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.23. Oaktree Capital Management had a net margin of 15.11% and a return on equity of 12.90%. The business had revenue of $451.20 million for the quarter, compared to analysts’ expectations of $331.82 million. During the same period in the prior year, the firm earned $0.86 earnings per share. Oaktree Capital Management’s revenue was up 15.3% compared to the same quarter last year.

A number of brokerages have issued reports on OAK. Zacks Investment Research raised shares of Oaktree Capital Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut shares of Oaktree Capital Management from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Keefe, Bruyette & Woods cut shares of Oaktree Capital Management from an “outperform” rating to a “market perform” rating in a research note on Friday, April 27th. Morgan Stanley reduced their price objective on shares of Oaktree Capital Management from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 10th. Finally, Deutsche Bank reduced their price objective on shares of Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, April 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Oaktree Capital Management presently has a consensus rating of “Hold” and an average target price of $49.40.

OAK opened at $39.90 on Friday. Oaktree Capital Management has a one year low of $39.45 and a one year high of $39.65. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.40. The company has a market cap of $6.22 billion, a PE ratio of 10.05, a P/E/G ratio of 0.86 and a beta of 0.69.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Shareholders of record on Monday, May 7th were paid a $0.96 dividend. The ex-dividend date of this dividend was Friday, May 4th. This is a boost from Oaktree Capital Management’s previous quarterly dividend of $0.76. This represents a $3.84 dividend on an annualized basis and a yield of 9.62%. Oaktree Capital Management’s dividend payout ratio (DPR) is presently 96.73%.

In other news, major shareholder Oaktree Capital Management Lp purchased 5,634 shares of Oaktree Capital Management stock in a transaction dated Wednesday, May 16th. The shares were bought at an average cost of $6.09 per share, with a total value of $34,311.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Oaktree Capital Group Holdings sold 1,821,377 shares of Oaktree Capital Management stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $20.15, for a total transaction of $36,700,746.55. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 338,273 shares of company stock worth $2,271,905.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC boosted its position in shares of Oaktree Capital Management by 8.5% during the first quarter. Guggenheim Capital LLC now owns 42,132 shares of the asset manager’s stock worth $1,668,000 after purchasing an additional 3,304 shares in the last quarter. Natixis bought a new position in shares of Oaktree Capital Management during the first quarter worth $5,101,000. Ostrum Asset Management bought a new position in shares of Oaktree Capital Management during the first quarter worth $354,000. The Manufacturers Life Insurance Company boosted its position in shares of Oaktree Capital Management by 101.1% during the first quarter. The Manufacturers Life Insurance Company now owns 9,600 shares of the asset manager’s stock worth $380,000 after purchasing an additional 4,826 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Oaktree Capital Management by 23.4% during the first quarter. UBS Group AG now owns 405,955 shares of the asset manager’s stock worth $16,076,000 after purchasing an additional 76,965 shares in the last quarter. 23.19% of the stock is currently owned by institutional investors.

Oaktree Capital Management 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 Management (NYSE:OAK)

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