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

Blue Owl Capital (NYSE:OBDC) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.470-0.470 for the period, compared to the consensus earnings per share estimate of 0.460. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

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

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.06 on Friday, hitting $14.85. The company’s stock had a trading volume of 2,831,650 shares, compared to its average volume of 2,399,074. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day simple moving average of $15.12 and a 200 day simple moving average of $15.04. The company has a market capitalization of $5.79 billion, a PE ratio of 9.22 and a beta of 0.84. Blue Owl Capital has a 1 year low of $13.98 and a 1 year high of $16.91.

Blue Owl Capital Increases Dividend

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

About Blue Owl Capital

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.