Todays Report: Today, Och-Ziff Capital Management Group LLC (OZM) Expected to Post Q4 2016 Earnings of ($0.04) Per Share

Today, Och-Ziff Capital Management Group LLC (OZM) Expected to Post Q4 2016 Earnings of ($0.04) Per Share

Och-Ziff Capital Management Group LLC (NYSE:OZM) – Investment analysts at Jefferies Group lifted their Q4 2016 earnings per share (EPS) estimates for Och-Ziff Capital Management Group in a research note issued on Tuesday. Jefferies Group analyst D. Fannon now forecasts that the brokerage will post earnings per share of ($0.04) for the quarter, up from their prior forecast of ($0.05). Jefferies Group has a “Hold” rating and a $4.00 price target on the stock. Jefferies Group also issued estimates for Och-Ziff Capital Management Group’s Q1 2017 earnings at $0.06 EPS, Q2 2017 earnings at $0.06 EPS, Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.10 EPS and FY2017 earnings at $0.28 EPS.

Och-Ziff Capital Management Group (NYSE:OZM) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. The business earned $152.55 million during the quarter, compared to analysts’ expectations of $144.40 million. Och-Ziff Capital Management Group’s revenue for the quarter was down 52.5% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS.

OZM has been the subject of several other research reports. Bank of America Corp. set a $5.00 target price on shares of Och-Ziff Capital Management Group and gave the company a “hold” rating in a research note on Saturday, October 1st. Citigroup Inc. restated a “sell” rating on shares of Och-Ziff Capital Management Group in a research note on Wednesday. Credit Suisse Group AG restated a “hold” rating and set a $4.60 price target on shares of Och-Ziff Capital Management Group in a research note on Wednesday, August 3rd. Royal Bank Of Canada cut their price target on shares of Och-Ziff Capital Management Group from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, July 21st. Finally, RBC Capital Markets set a $5.00 price target on shares of Och-Ziff Capital Management Group and gave the stock a “buy” rating in a research note on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.28.

Och-Ziff Capital Management Group (NYSE:OZM) traded down 5.85% during midday trading on Thursday, reaching $3.54. The company’s stock had a trading volume of 1,062,873 shares. Och-Ziff Capital Management Group has a 52-week low of $2.89 and a 52-week high of $8.44. The stock’s market capitalization is $642.35 million. The firm has a 50-day moving average price of $4.01 and a 200 day moving average price of $3.85.

Large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Och-Ziff Capital Management Group by 7.7% in the first quarter. Royal Bank of Canada now owns 27,517 shares of the company’s stock valued at $119,000 after buying an additional 1,963 shares during the last quarter. Sterneck Capital Management LLC acquired a new stake in shares of Och-Ziff Capital Management Group during the second quarter valued at about $129,000. Alpine Partners VI LLC acquired a new stake in shares of Och-Ziff Capital Management Group during the second quarter valued at about $160,000. Harvest Management LLC purchased a new position in Och-Ziff Capital Management Group during the second quarter valued at $190,000. Finally, Hsbc Holdings PLC raised its position in Och-Ziff Capital Management Group by 82.3% in the second quarter. Hsbc Holdings PLC now owns 51,102 shares of the company’s stock valued at $194,000 after buying an additional 23,064 shares in the last quarter.

Och-Ziff Capital Management Group Company Profile

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