Blue Owl Capital Inc. (NYSE:OWL) to Post FY2022 Earnings of $0.53 Per Share, Oppenheimer Forecasts

Blue Owl Capital Inc. (NYSE:OWL – Get Rating) – Research analysts at Oppenheimer increased their FY2022 earnings per share estimates for shares of Blue Owl Capital in a report issued on Monday, May 23rd. Oppenheimer analyst C. Kotowski now forecasts that the company will earn $0.53 per share for the year, up from their prior forecast of $0.52. Oppenheimer also issued estimates for Blue Owl Capital’s Q1 2023 earnings at $0.16 EPS, Q2 2023 earnings at $0.18 EPS, Q3 2023 earnings at $0.18 EPS, Q4 2023 earnings at $0.19 EPS and FY2023 earnings at $0.72 EPS.

Other analysts have also issued research reports about the company. The Goldman Sachs Group restated a “buy” rating and set a $16.25 target price on shares of Blue Owl Capital in a report on Tuesday. Zacks Investment Research raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, May 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Buy” and an average target price of $16.18.

Blue Owl Capital stock opened at $11.87 on Thursday. The business has a fifty day moving average of $12.52 and a two-hundred day moving average of $13.37. Blue Owl Capital has a twelve month low of $9.94 and a twelve month high of $17.89.

Blue Owl Capital (NYSE:OWL – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $275.98 million for the quarter, compared to analysts’ expectations of $290.30 million. Blue Owl Capital had a negative return on equity of 21.35% and a negative net margin of 43.10%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, May 19th.

In other news, Director Claudia A. Holz bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 9th. The shares were purchased at an average cost of $12.24 per share, with a total value of $122,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 31.19% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $30,000. Quantbot Technologies LP purchased a new stake in Blue Owl Capital in the first quarter valued at $33,000. Steph & Co. purchased a new stake in Blue Owl Capital in the first quarter valued at $61,000. Deutsche Bank AG purchased a new stake in Blue Owl Capital in the fourth quarter valued at $75,000. Finally, Advisor Group Holdings Inc. boosted its holdings in Blue Owl Capital by 298.1% in the third quarter. Advisor Group Holdings Inc. now owns 5,342 shares of the company’s stock valued at $83,000 after purchasing an additional 4,000 shares during the last quarter. 31.96% of the stock is currently owned by hedge funds and other institutional investors.

About Blue Owl Capital (Get Rating)

Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.

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