Owl Rock Capital (ORCC) to Release Quarterly Earnings on Wednesday

Posted by Defense World Staff on May 3rd, 2023

Owl Rock Capital (NYSE:ORCC – Get Rating) is scheduled to announce its earnings results after the market closes on Wednesday, May 10th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Owl Rock Capital (NYSE:ORCC – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $350.51 million during the quarter, compared to analysts’ expectations of $328.22 million. Owl Rock Capital had a return on equity of 9.55% and a net margin of 38.80%. On average, analysts expect Owl Rock Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Owl Rock Capital Stock Performance

Shares of ORCC opened at $12.60 on Wednesday. The stock has a 50-day simple moving average of $12.80 and a 200-day simple moving average of $12.59. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $4.93 billion, a PE ratio of 10.68 and a beta of 0.93. Owl Rock Capital has a 1 year low of $10.18 and a 1 year high of $14.64.

Owl Rock Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 10.48%. The ex-dividend date was Thursday, March 30th. Owl Rock Capital’s payout ratio is presently 111.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ORCC shares. JMP Securities restated a “market outperform” rating and set a $15.00 target price on shares of Owl Rock Capital in a research note on Monday, March 13th. TheStreet upgraded Owl Rock Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Owl Rock Capital presently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC acquired a new position in Owl Rock Capital during the fourth quarter worth approximately $179,000. Quantbot Technologies LP increased its position in Owl Rock Capital by 140.9% during the second quarter. Quantbot Technologies LP now owns 14,456 shares of the technology company’s stock worth $178,000 after buying an additional 8,456 shares during the period. Walleye Capital LLC acquired a new position in Owl Rock Capital during the second quarter worth approximately $176,000. Lido Advisors LLC acquired a new position in Owl Rock Capital during the first quarter worth approximately $162,000. Finally, Balyasny Asset Management LLC acquired a new position in Owl Rock Capital during the third quarter worth approximately $127,000. Institutional investors and hedge funds own 42.21% of the company’s stock.

About Owl Rock Capital

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Owl Rock Capital Corp non traded business development company seeks investment opportunities in middle market companies located in the United States with an EBITDA of USD 10 – 250 million and annual revenue of USD 50 million – 2.5 billion. The fund focuses on broad range of sectors including business services, healthcare services, pharma & healthcare technology, aerospace & defense, software & technology and manufacturing & industrials.