Blue Owl Capital (NYSE:OWL) Posts Quarterly Earnings Results, Hits Expectations

Blue Owl Capital (NYSE:OWL) released its quarterly earnings data on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20, Zacks reports. Blue Owl Capital had a return on equity of 20.61% and a net margin of 4.95%. The company had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share.

Blue Owl Capital Stock Performance

Shares of OWL stock traded down $0.91 during trading hours on Friday, hitting $21.45. 9,159,480 shares of the company were exchanged, compared to its average volume of 5,858,687. Blue Owl Capital has a fifty-two week low of $12.24 and a fifty-two week high of $24.17. The company has a 50 day simple moving average of $19.81 and a two-hundred day simple moving average of $18.68. The firm has a market cap of $31.39 billion, a P/E ratio of 126.18, a P/E/G ratio of 1.45 and a beta of 1.14.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Monday, November 11th. Blue Owl Capital’s payout ratio is 423.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on OWL shares. Evercore ISI upped their price target on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday. UBS Group lifted their target price on Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer increased their price target on Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $19.00 price objective (down from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $22.15.

Blue Owl Capital Company Profile

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.