Equities analysts predict that Ares Capital Co. (NASDAQ:ARCC) will post earnings of $0.44 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Ares Capital’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.42. Ares Capital posted earnings per share of $0.39 during the same quarter last year, which suggests a positive year over year growth rate of 12.8%. The business is scheduled to report its next earnings report on Tuesday, October 26th.
On average, analysts expect that Ares Capital will report full year earnings of $1.84 per share for the current year, with EPS estimates ranging from $1.73 to $1.91. For the next year, analysts expect that the business will report earnings of $1.85 per share, with EPS estimates ranging from $1.77 to $1.94. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Ares Capital.
Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings data on Tuesday, July 27th. The investment management company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.10. The firm had revenue of $459.00 million during the quarter, compared to analysts’ expectations of $385.97 million. Ares Capital had a net margin of 101.77% and a return on equity of 10.87%.
ARCC traded up $0.25 during trading on Wednesday, hitting $20.18. 2,041,569 shares of the company traded hands, compared to its average volume of 2,149,729. Ares Capital has a 1 year low of $13.15 and a 1 year high of $20.46. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.16. The stock’s 50-day simple moving average is $20.04 and its two-hundred day simple moving average is $19.54. The company has a market cap of $9.00 billion, a PE ratio of 5.12 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be issued a dividend of $0.41 per share. This is a positive change from Ares Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.13%. Ares Capital’s dividend payout ratio is presently 94.25%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. raised its holdings in Ares Capital by 195.3% in the first quarter. Baillie Gifford & Co. now owns 5,554,970 shares of the investment management company’s stock valued at $103,933,000 after acquiring an additional 3,674,100 shares in the last quarter. Van ECK Associates Corp increased its stake in Ares Capital by 92.4% in the second quarter. Van ECK Associates Corp now owns 3,681,525 shares of the investment management company’s stock valued at $72,121,000 after purchasing an additional 1,768,073 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Ares Capital in the first quarter valued at approximately $21,198,000. Nicola Wealth Management LTD. increased its stake in Ares Capital by 479.0% in the first quarter. Nicola Wealth Management LTD. now owns 892,834 shares of the investment management company’s stock valued at $16,705,000 after purchasing an additional 738,644 shares during the last quarter. Finally, TCW Group Inc. increased its stake in Ares Capital by 383.8% in the first quarter. TCW Group Inc. now owns 685,566 shares of the investment management company’s stock valued at $12,827,000 after purchasing an additional 543,856 shares during the last quarter. 29.42% of the stock is currently owned by institutional investors.
Ares Capital Company Profile
Ares Capital Corp is a closed-end non-diversified management investment company. The fund targets companies operating in the fields of Health Care Services, Software & Services, Consumer Durables & Apparel, Energy, Food & Beverage, and Retail. It provides financing for buyouts, acquisitions, recapitalizations, restructurings, rescue financing, growth capital and general refinancing.
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