Ares Management (ARES) Expected to Announce Quarterly Earnings on Wednesday

Ares Management (NYSE:ARES) is anticipated to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $1.23 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Ares Management (NYSE:ARES) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $833.58 million. During the same period in the previous year, the business posted $0.83 earnings per share. On average, analysts expect Ares Management to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Ares Management Trading Up 1.9 %

Shares of ARES stock opened at $193.51 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. Ares Management has a 12-month low of $119.76 and a 12-month high of $197.53. The stock has a market capitalization of $60.58 billion, a P/E ratio of 89.18, a P/E/G ratio of 1.46 and a beta of 1.18. The firm’s 50 day moving average is $180.21 and its 200 day moving average is $162.87.

Ares Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.92%. Ares Management’s dividend payout ratio (DPR) is currently 171.43%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ARES shares. TD Cowen increased their target price on Ares Management from $184.00 to $187.00 and gave the company a “buy” rating in a report on Monday, November 4th. StockNews.com cut shares of Ares Management from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded shares of Ares Management from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $166.00 to $202.00 in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Ares Management from $146.00 to $150.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, UBS Group lifted their price target on shares of Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Ares Management currently has an average rating of “Moderate Buy” and an average target price of $176.08.

Insider Transactions at Ares Management

In related news, insider Ryan Berry sold 1,671 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $175.00, for a total transaction of $292,425.00. Following the completion of the transaction, the insider now owns 253,214 shares in the company, valued at approximately $44,312,450. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider R. Kipp Deveer sold 115,838 shares of Ares Management stock in a transaction on Friday, December 6th. The shares were sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the completion of the sale, the insider now owns 1,259,162 shares in the company, valued at approximately $223,916,778.46. This represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 574,167 shares of company stock valued at $99,996,647 over the last 90 days. Company insiders own 1.20% of the company’s stock.

Ares Management Company Profile

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.