Zacks Research Brokers Decrease Earnings Estimates for OBDC

Blue Owl Capital Corporation (NYSE:OBDC) – Equities research analysts at Zacks Research cut their Q1 2027 earnings estimates for shares of Blue Owl Capital in a note issued to investors on Wednesday, March 4th. Zacks Research analyst Team now expects that the company will earn $0.32 per share for the quarter, down from their previous forecast of $0.33. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.71 per share. Zacks Research also issued estimates for Blue Owl Capital’s Q3 2027 earnings at $0.33 EPS, FY2027 earnings at $1.30 EPS and FY2028 earnings at $1.31 EPS.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. The company had revenue of $439.50 million for the quarter, compared to analyst estimates of $454.38 million.

Several other equities analysts have also issued reports on the company. Citizens Jmp reduced their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Royal Bank Of Canada reduced their price objective on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Wells Fargo & Company decreased their target price on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating on the stock in a report on Monday, February 23rd. Finally, Truist Financial reduced their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.06.

Blue Owl Capital Trading Up 0.1%

NYSE:OBDC opened at $11.56 on Friday. Blue Owl Capital has a 52 week low of $10.70 and a 52 week high of $15.36. The firm has a 50-day moving average price of $12.04 and a two-hundred day moving average price of $12.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 9.32 and a beta of 0.67.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.8%. Blue Owl Capital’s payout ratio is presently 119.35%.

Blue Owl Capital declared that its board has approved a share repurchase plan on Wednesday, February 18th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Blue Owl Capital

A number of large investors have recently made changes to their positions in OBDC. IFP Advisors Inc raised its stake in shares of Blue Owl Capital by 79.6% during the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Blue Owl Capital by 166.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after buying an additional 1,320 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Blue Owl Capital during the third quarter valued at about $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Blue Owl Capital during the third quarter valued at about $30,000. Finally, AG Campbell Advisory LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $36,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.