Blue Owl Capital (NYSE:OBDC) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Blue Owl Capital (NYSE:OBDC) released its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01, Zacks reports. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. The firm had revenue of $387.00 million for the quarter, compared to analyst estimates of $383.82 million.

Blue Owl Capital Trading Up 2.6%

Blue Owl Capital stock traded up $0.27 during midday trading on Wednesday, reaching $10.77. The stock had a trading volume of 3,970,141 shares, compared to its average volume of 4,091,157. Blue Owl Capital has a twelve month low of $9.81 and a twelve month high of $13.57. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 19.24 and a beta of 0.66. The firm’s fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $11.14.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Capital One Financial set a $13.00 target price on Blue Owl Capital in a research note on Friday, July 24th. Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, July 24th. Raymond James Financial set a $11.00 price target on Blue Owl Capital in a research note on Thursday, October 22nd. Finally, Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.57.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.