Ares Management (ARES) to Release Earnings on Thursday

Ares Management (NYSE:ARES) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ares Management (NYSE:ARES) last announced its earnings results on Thursday, February 8th. The asset manager reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.11. Ares Management had a net margin of 13.06% and a return on equity of 21.01%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $862.71 million. During the same period in the previous year, the business earned $1.21 EPS. 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 Price Performance

Shares of NYSE:ARES opened at $135.90 on Thursday. The company’s fifty day moving average is $133.13 and its two-hundred day moving average is $120.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. Ares Management has a 12-month low of $77.97 and a 12-month high of $139.48. The company has a market cap of $42.07 billion, a P/E ratio of 56.86, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17.

Ares Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.93 per share. This is an increase from Ares Management’s previous quarterly dividend of $0.77. This represents a $3.72 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, March 14th. Ares Management’s payout ratio is 155.65%.

Insider Buying and Selling

In other Ares Management news, CEO Michael J. Arougheti sold 4,488 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $134.01, for a total transaction of $601,436.88. Following the completion of the sale, the chief executive officer now directly owns 1,375,000 shares in the company, valued at $184,263,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael J. Arougheti sold 4,488 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $134.01, for a total transaction of $601,436.88. Following the completion of the transaction, the chief executive officer now owns 1,375,000 shares of the company’s stock, valued at $184,263,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Antony P. Ressler sold 143,569 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $131.51, for a total transaction of $18,880,759.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,494,440 shares of company stock worth $199,049,946. Corporate insiders own 47.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ARES shares. Wells Fargo & Company boosted their target price on shares of Ares Management from $112.00 to $126.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Morgan Stanley upped their price target on shares of Ares Management from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. JMP Securities reaffirmed a “market perform” rating on shares of Ares Management in a research note on Tuesday, April 9th. Jefferies Financial Group downgraded shares of Ares Management from a “buy” rating to a “hold” rating and set a $122.00 price target on the stock. in a research note on Tuesday, January 9th. Finally, UBS Group upped their price target on shares of Ares Management from $156.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Ares Management has an average rating of “Hold” and an average target price of $126.17.

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.