Blue Owl Capital (OBDC) Scheduled to Post Earnings on Wednesday

Blue Owl Capital (NYSE:OBDC) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Blue Owl Capital to post earnings of $0.47 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. The firm had revenue of $399.58 million for the quarter, compared to analysts’ expectations of $399.16 million. On average, analysts expect Blue Owl Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Blue Owl Capital Stock Down 3.3 %

Shares of NYSE:OBDC opened at $14.49 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14. Blue Owl Capital has a 12 month low of $12.99 and a 12 month high of $16.91. The company has a 50-day moving average price of $15.79 and a 200 day moving average price of $15.56. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 7.31 and a beta of 0.87.

Blue Owl Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a $0.05 dividend. This represents a dividend yield of 10%. The ex-dividend date of this dividend was Friday, May 31st. Blue Owl Capital’s payout ratio is 74.75%.

Analysts Set New Price Targets

A number of brokerages recently commented on OBDC. Truist Financial increased their price target on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 13th. Hovde Group increased their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 23rd. Finally, Royal Bank of Canada raised their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.19.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.