Ares Capital (NASDAQ:ARCC – Get Free Report) released its quarterly earnings data on Wednesday. The investment management company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01), Briefing.com reports. Ares Capital had a net margin of 59.76% and a return on equity of 12.24%. The company had revenue of $755.00 million during the quarter, compared to analyst estimates of $770.45 million. During the same quarter in the prior year, the company earned $0.59 EPS. The business’s revenue was up 15.3% on a year-over-year basis.
Ares Capital Price Performance
Shares of NASDAQ:ARCC traded down $0.12 on Thursday, reaching $21.22. 1,462,082 shares of the company were exchanged, compared to its average volume of 3,360,315. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.05. Ares Capital has a 1-year low of $18.86 and a 1-year high of $22.05. The company has a 50-day moving average of $21.00 and a 200-day moving average of $20.94. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 7.31 and a beta of 1.01.
Ares Capital Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date is Friday, December 13th. Ares Capital’s dividend payout ratio (DPR) is currently 65.75%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on ARCC
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.
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