Blue Owl Capital (NYSE:OBDC) Issues Q4 2024 Earnings Guidance

Blue Owl Capital (NYSE:OBDC) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.470-0.470 for the period, compared to the consensus estimate of 0.460. The company issued revenue guidance of -.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.06 during midday trading on Friday, reaching $14.85. 2,831,674 shares of the stock traded hands, compared to its average volume of 2,399,107. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The firm has a fifty day moving average price of $15.12 and a two-hundred day moving average price of $15.04. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 9.22 and a beta of 0.84.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.97%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio is 91.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Wells Fargo & Company increased their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.92.

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.