Ares Capital (NASDAQ:ARCC – Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $785.38 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Ares Capital (NASDAQ:ARCC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The company had revenue of $755.00 million during the quarter, compared to the consensus estimate of $770.45 million. Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. On average, analysts expect Ares Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Ares Capital Stock Up 1.0 %
Shares of Ares Capital stock opened at $23.54 on Wednesday. Ares Capital has a 12-month low of $19.32 and a 12-month high of $23.55. The stock has a market capitalization of $15.21 billion, a P/E ratio of 9.05 and a beta of 1.00. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $22.19 and a two-hundred day moving average price of $21.40.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on ARCC
About Ares Capital
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.
Featured Articles
- Five stocks we like better than Ares Capital
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- What Investors Need to Know to Beat the Market
- What Does the Future Hold for Eli Lilly?
- How to Invest in Biotech Stocks
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.