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

Blue Owl Capital (NYSE:OBDC) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. 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 -.

Blue Owl Capital Stock Down 0.4 %

Shares of OBDC stock opened at $14.85 on Friday. 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. The firm has a market capitalization of $5.79 billion, a PE ratio of 9.22 and a beta of 0.84. The stock’s 50-day simple moving average is $15.12 and its 200-day simple moving average is $15.04.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 9.97%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio is presently 91.93%.

Wall Street Analyst Weigh In

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

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.