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

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

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Friday, February 9th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Blue Owl Capital had a return on equity of 17.31% and a net margin of 3.14%. The firm had revenue of $494.04 million for the quarter, compared to the consensus estimate of $438.77 million. During the same quarter in the previous year, the company 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 Price Performance

Shares of NYSE OWL opened at $18.78 on Thursday. The business’s 50-day moving average price is $18.23 and its two-hundred day moving average price is $15.64. Blue Owl Capital has a one year low of $9.70 and a one year high of $19.87. The company has a market capitalization of $26.83 billion, a P/E ratio of 187.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27.

Blue Owl Capital Dividend Announcement

The company also recently announced 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 2.98%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 560.06%.

Analyst Ratings Changes

A number of brokerages have weighed in on OWL. TD Cowen began coverage on Blue Owl Capital in a research report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price target for the company. Evercore ISI boosted their price target on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research report on Thursday, April 4th. UBS Group raised Blue Owl Capital from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $24.00 price target on shares of Blue Owl Capital in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $19.48.

Insider Buying and Selling

In other Blue Owl Capital news, major shareholder Path Solutions 2020 L.P Glide sold 4,500,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $15.81, for a total value of $71,145,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 33.39% of the stock is owned by insiders.

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.