Blue Owl Capital (NYSE:OBDC) Releases Earnings Results, Beats Estimates By $0.01 EPS

Blue Owl Capital (NYSE:OBDC) released its quarterly earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01, Zacks reports. The business had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%.

Blue Owl Capital Stock Down 0.5 %

Shares of NYSE OBDC traded down $0.08 during mid-day trading on Thursday, reaching $15.56. 344,778 shares of the company traded hands, compared to its average volume of 2,874,440. The stock has a market cap of $6.07 billion, a PE ratio of 9.68 and a beta of 0.83. The company’s fifty day moving average is $15.10 and its two-hundred day moving average is $14.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Analyst Ratings Changes

OBDC has been the subject of several research analyst reports. JMP Securities increased their price objective on Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.08.

Blue Owl Capital Company Profile

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.