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

Blue Owl Capital (NYSE:OWL - Get Free Report) will be posting its quarterly earnings results 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 interested in participating in the company's conference call can do so using this link.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates 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 quarter in the previous year, the company earned $0.16 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 Price Performance

Shares of OWL stock traded up $0.33 during trading hours on Thursday, reaching $23.38. 6,136,751 shares of the company's stock were exchanged, compared to its average volume of 5,270,707. The company's 50 day moving average is $19.08 and its two-hundred day moving average is $18.49. The company has a market cap of $33.41 billion, a P/E ratio of 192.08, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. Blue Owl Capital has a 1 year low of $12.11 and a 1 year high of $24.17.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital's payout ratio is 600.00%.

Analysts Set New Price Targets

OWL has been the topic of a number of recent analyst reports. JMP Securities upped their price target on shares of 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. TD Cowen reaffirmed a "hold" rating and issued a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Piper Sandler raised their price objective on Blue Owl Capital from $20.00 to $23.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Evercore ISI boosted their target price on Blue Owl Capital from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Blue Owl Capital from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.65.

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.