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

Blue Owl Capital (NYSE:OWL) is scheduled to 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 wish to register for the company’s conference call can do so using this link.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Friday, February 9th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Blue Owl Capital had a net margin of 3.14% and a return on equity of 17.31%. The business had revenue of $494.04 million during the quarter, compared to the consensus estimate of $438.77 million. During the same quarter in the prior year, the firm earned $0.15 EPS. 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 Down 0.7 %

OWL opened at $18.90 on Wednesday. Blue Owl Capital has a 52 week low of $9.70 and a 52 week high of $19.87. The firm has a 50-day simple moving average of $18.31 and a two-hundred day simple moving average of $15.80. The company has a market capitalization of $27.00 billion, a PE ratio of 189.02, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27.

Blue Owl Capital Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Evercore ISI increased their price target on shares of Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Piper Sandler increased their price target on shares of Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. TD Cowen assumed coverage on shares of Blue Owl Capital in a report on Thursday, January 4th. They issued an “outperform” rating and a $17.00 price target for the company. UBS Group raised shares of Blue Owl Capital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a research note on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $19.00 price objective on shares of Blue Owl Capital in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.