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

Blue Owl Capital (NYSE:OWL) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Friday, February 9th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $494.04 million for the quarter, compared to analyst estimates of $438.77 million. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. During the same period in the previous year, the business posted $0.15 earnings per share. 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 Stock Performance

NYSE OWL opened at $18.90 on Wednesday. The firm has a market cap of $27.00 billion, a PE ratio of 189.02, a P/E/G ratio of 1.22 and a beta of 1.27. Blue Owl Capital has a one year low of $9.70 and a one year high of $19.87. The firm’s fifty day moving average is $18.31 and its two-hundred day moving average is $15.80.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 23rd were paid a $0.14 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 2.96%. Blue Owl Capital’s dividend payout ratio is presently 560.06%.

Wall Street Analyst Weigh In

A number of research analysts have commented on OWL shares. Evercore ISI lifted their price objective on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $22.00 in a report on Tuesday, April 2nd. The Goldman Sachs Group lifted their target price on shares of Blue Owl Capital from $17.75 to $20.25 and gave the company a “buy” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 target price on shares of Blue Owl Capital in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

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.