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

Blue Owl Capital (NYSE:OWL) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect Blue Owl Capital to post earnings of $0.21 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same period last year, the company earned $0.16 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 OWL stock opened at $23.05 on Thursday. Blue Owl Capital has a 1-year low of $12.11 and a 1-year high of $24.17. The company has a market cap of $32.93 billion, a price-to-earnings ratio of 192.08, a PEG ratio of 1.29 and a beta of 1.18. The stock has a 50 day simple moving average of $18.98 and a 200-day simple moving average of $18.45.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Analysts Set New Price Targets

OWL has been the subject of a number of research reports. UBS Group boosted their target price on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer lifted their price objective on Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. TD Cowen reissued a “hold” rating and set a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. JMP Securities lifted their price target on Blue Owl Capital from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler boosted their price target on Blue Owl Capital from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.65.

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.