Ares Capital (ARCC) Scheduled to Post Earnings on Wednesday

Ares Capital (NASDAQ:ARCC) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Ares Capital to post earnings of $0.58 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Ares Capital (NASDAQ:ARCC) last posted its earnings results on Wednesday, February 7th. The investment management company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. Ares Capital had a net margin of 58.22% and a return on equity of 12.50%. The business had revenue of $707.00 million for the quarter, compared to analyst estimates of $669.78 million. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. 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 Trading Up 0.7 %

ARCC stock opened at $20.78 on Monday. The company’s 50-day simple moving average is $20.36 and its 200-day simple moving average is $20.02. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.06. Ares Capital has a 52-week low of $17.53 and a 52-week high of $20.86. The firm has a market cap of $12.61 billion, a P/E ratio of 7.78 and a beta of 1.00.

Ares Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.24%. The ex-dividend date was Thursday, March 14th. Ares Capital’s payout ratio is currently 71.91%.

Wall Street Analyst Weigh In

ARCC has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Ares Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note 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 research report on Monday, January 8th. Finally, JMP Securities restated a “market outperform” rating and set a $21.00 price target on shares of Ares Capital in a research report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Ares Capital currently has an average rating of “Hold” and an average target price 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.