Blue Owl Capital (NYSE:OWL) Announces Quarterly Earnings Results, Meets Estimates

Blue Owl Capital (NYSE:OWL) posted its quarterly earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21, Zacks reports. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%.

Blue Owl Capital Trading Down 0.9 %

Shares of NYSE:OWL traded down $0.24 during trading on Thursday, hitting $24.71. 7,083,988 shares of the company’s stock were exchanged, compared to its average volume of 6,475,481. The firm has a 50-day moving average price of $24.03 and a two-hundred day moving average price of $21.37. Blue Owl Capital has a 1-year low of $15.18 and a 1-year high of $26.73. The firm has a market cap of $36.91 billion, a P/E ratio of 145.39, a PEG ratio of 1.41 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. The Goldman Sachs Group cut Blue Owl Capital from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $24.75 in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on Blue Owl Capital from $22.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Finally, Oppenheimer boosted their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $25.85.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.