Ares Capital (ARCC) to Release Earnings on Wednesday

Ares Capital (NASDAQ:ARCC) 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) 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

A number of research analysts have weighed in on ARCC shares. Wells Fargo & Company raised shares of Ares Capital from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, B. Riley lifted their price target on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.29.

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.