Ares Capital (ARCC) Projected to Post Quarterly Earnings on Wednesday

Ares Capital (NASDAQ:ARCC) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Ares Capital to post earnings of $0.58 per share and revenue of $785.38 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ares Capital (NASDAQ:ARCC) last posted its quarterly earnings data on Wednesday, October 30th. The investment management company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). The firm had revenue of $755.00 million for the quarter, compared to analyst estimates of $770.45 million. Ares Capital had a return on equity of 12.06% and a net margin of 53.71%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. 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 ARCC opened at $23.54 on Wednesday. The company has a market capitalization of $15.21 billion, a P/E ratio of 9.05 and a beta of 1.00. Ares Capital has a one year low of $19.32 and a one year high of $23.55. The business’s 50 day simple moving average is $22.19 and its 200-day simple moving average is $21.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29.

Analyst Upgrades and Downgrades

ARCC has been the topic of several research analyst reports. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. B. Riley raised their price objective on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company upgraded shares of Ares Capital from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.29.

Ares Capital Company Profile

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.