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

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.92.

Blue Owl Capital Stock Performance

OBDC traded down $0.06 during trading on Friday, hitting $14.85. The company’s stock had a trading volume of 2,831,650 shares, compared to its average volume of 2,399,074. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The business’s 50 day simple moving average is $15.12 and its 200-day simple moving average is $15.04. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a market cap of $5.79 billion, a PE ratio of 9.22 and a beta of 0.84.

Blue Owl Capital Increases Dividend

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

About Blue Owl Capital

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.