Blue Owl Capital (OWL) Scheduled to Post Earnings on Thursday

Blue Owl Capital (NYSE:OWL) is scheduled to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same period last year, the firm posted $0.16 EPS. On average, analysts expect Blue Owl Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Blue Owl Capital Price Performance

Shares of OWL opened at $23.03 on Tuesday. Blue Owl Capital has a 1 year low of $12.15 and a 1 year high of $24.17. The stock has a 50 day simple moving average of $19.40 and a two-hundred day simple moving average of $18.56. The firm has a market cap of $32.91 billion, a P/E ratio of 191.92, a P/E/G ratio of 1.29 and a beta of 1.18.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.13%. Blue Owl Capital’s payout ratio is 600.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company increased their target price on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. UBS Group raised their price target on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen reissued a “hold” rating and set a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Finally, Evercore ISI lifted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.65.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.