Blue Owl Capital (NYSE:OBDC) Releases 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01, Zacks reports. The business had revenue of $392.06 million for the quarter, compared to analysts’ expectations of $383.82 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.

Blue Owl Capital Stock Up 2.6%

NYSE:OBDC opened at $10.77 on Thursday. Blue Owl Capital has a 1 year low of $9.81 and a 1 year high of $13.57. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 19.24 and a beta of 0.66. The stock has a 50-day moving average price of $10.66 and a two-hundred day moving average price of $11.14.

Wall Street Analyst Weigh In

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

About Blue Owl Capital

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.