Ares Capital (ARCC) to Release Earnings on Wednesday

Ares Capital (NASDAQ:ARCC) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ares Capital (NASDAQ:ARCC) last released its earnings results on Wednesday, February 7th. The investment management company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $707.00 million during the quarter, compared to analysts’ expectations of $669.78 million. Ares Capital had a return on equity of 12.50% and a net margin of 58.22%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 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 0.4 %

Shares of NASDAQ:ARCC opened at $20.74 on Wednesday. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 7.77 and a beta of 1.00. The stock has a fifty day simple moving average of $20.33 and a two-hundred day simple moving average of $19.99. Ares Capital has a 12-month low of $17.53 and a 12-month high of $20.86. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.06.

Ares Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date was Thursday, March 14th. Ares Capital’s payout ratio is 71.91%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Ares Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. B. Riley downgraded shares of Ares Capital from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Monday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 price target on shares of Ares Capital in a report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.80.

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.