Ares Management (ARES) Set to Announce Quarterly Earnings on Thursday

Ares Management (NYSE:ARESGet Rating) will be announcing its earnings results before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ares Management (NYSE:ARESGet Rating) last posted its quarterly earnings data on Friday, February 11th. The asset manager reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. Ares Management had a return on equity of 15.16% and a net margin of 9.71%. The company had revenue of $731.16 million during the quarter, compared to analysts’ expectations of $659.06 million. During the same period last year, the firm earned $0.54 EPS. On average, analysts expect Ares Management to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ares Management stock opened at $82.01 on Thursday. Ares Management has a twelve month low of $50.46 and a twelve month high of $90.08. The stock has a 50 day moving average of $77.82 and a two-hundred day moving average of $79.24. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 0.90 and a beta of 0.97.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.98%. This is a boost from Ares Management’s previous quarterly dividend of $0.47. The ex-dividend date was Wednesday, March 16th. Ares Management’s dividend payout ratio (DPR) is presently 115.09%.

In other Ares Management news, CEO Michael J. Arougheti sold 54,102 shares of the firm’s stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $79.41, for a total transaction of $4,296,239.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ares Capital Management Ii Llc purchased 3,000,000 shares of the company’s stock in a transaction on Friday, April 1st. The shares were bought at an average cost of $25.00 per share, with a total value of $75,000,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 266,520 shares of company stock valued at $21,408,641 over the last ninety days. 49.34% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. KB Financial Partners LLC purchased a new stake in shares of Ares Management in the fourth quarter valued at $31,000. Cubist Systematic Strategies LLC boosted its holdings in Ares Management by 4.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 3,873 shares of the asset manager’s stock valued at $315,000 after acquiring an additional 149 shares during the last quarter. Sei Investments Co. acquired a new position in Ares Management in the fourth quarter valued at $313,000. Guggenheim Capital LLC acquired a new position in Ares Management in the fourth quarter valued at $387,000. Finally, Marshall Wace LLP acquired a new position in Ares Management in the fourth quarter valued at $439,000. 44.85% of the stock is owned by institutional investors and hedge funds.

ARES has been the subject of a number of recent research reports. Piper Sandler initiated coverage on Ares Management in a research report on Tuesday, January 25th. They set an “overweight” rating and a $97.00 price objective for the company. Wells Fargo & Company decreased their price objective on Ares Management from $94.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group increased their price objective on Ares Management from $85.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, February 14th. StockNews.com assumed coverage on Ares Management in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Morgan Stanley reduced their price target on Ares Management from $93.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $94.56.

Ares Management Company Profile (Get Rating)

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.

Featured Stories

Earnings History for Ares Management (NYSE:ARES)

Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.com's FREE daily email newsletter.