Earnings growth has slowed to just 2% in Q2. But this is only temporary and three recent acquisition should drive growth much higher in Q3. Long-term prospects remain intact.
Blue Owl Capital (NYSE:OWL ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Ann Dai - Investor Relations Marc Lipschultz - Co-Chief Executive Officer Alan Kirshenbaum - Chief Financial Officer Conference Call Participants John Rodis - Janney Montgomery Scott LLC Ross Haberman - RLH Investments Operator Good morning, and welcome to Blue Owl Capital Second Quarter 2024 Earnings Call. During the presentation, the lines will be in listen-only.
Blue Owl Capital Inc. (OWL) came out with quarterly earnings of $0.19 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago.
Blue Owl Capital (OWL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Blue Owl Capital Corporation offers a 10%+ dividend yield with strong total returns, trading at book value. The company focuses on direct lending to middle-market companies with a diversified portfolio and low default risk. Despite economic weakness concerns, Blue Owl Capital has consistently paid large dividends and outperformed the S&P 500.
Blue Owl BDC investors suffered near-term downside as the market possibly priced in a potentially more dovish Fed. A more challenging lending environment could also hamper OBDC's earnings growth trajectory. OBDC remains well-poised to navigate a higher-for-longer Fed.
Private equity investments are seen as a better long-term growth opportunity than traditional stock choices, according to a new wealth survey. Blue Owl Capital continues to perform well with strong earnings projections and a rising dividend with a decent chart. Analysts forecast significant EPS and revenue growth for Blue Owl Capital, with the potential for high dividend yield and stock price increase.
While going after the top-tier growth plays may be the most enticing pathway, investors seeking consistent success in the market may want to consider the case for dividend stocks. No, these ideas aren't the sexiest opportunities available.
Blue Owl (OWL) completes the acquisition of Prima to expand its offerings in the real estate sector. The deal is in alignment with the company's inorganic growth strategy.
Blue Owl Capital's shares reached a 1-year high last week. The BDC's non-accrual percentage deteriorated in Q1'24, but the BDC supports its dividend with net investment income easily. Despite trading at a premium to NAV, Blue Owl Capital is a solid income play for dividend investors seeking recurring, high-quality dividends.
Blue Owl Capital delivered a +3.1% total NAV return in Q1, extending its strong performance. OBDC's portfolio targets borrowers in the upper middle-market space, with top sectors including software, insurance, and food/beverage. Net income fell moderately on the back of portfolio repositioning and a non-repeatable interest expense.
Earning a premium status comes with many benefits. Investors are starting to wake up to Blue Owl's quality. We keep on collecting outstanding income.