Ares Management (ARES) to Release Earnings on Thursday

Ares Management (NYSE:ARES) is scheduled to announce 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 quarterly earnings results on Thursday, February 8th. The asset manager reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.11. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $862.71 million. Ares Management had a return on equity of 21.01% and a net margin of 13.06%. During the same quarter in the previous year, the business earned $1.21 earnings per share. 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 Trading Up 1.0 %

ARES opened at $134.93 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average is $133.07 and its two-hundred day moving average is $121.07. The company has a market capitalization of $41.77 billion, a P/E ratio of 56.46, a PEG ratio of 1.01 and a beta of 1.17. Ares Management has a 52 week low of $77.97 and a 52 week high of $139.48.

Ares Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.72 annualized dividend and a dividend yield of 2.76%. This is a positive change from Ares Management’s previous quarterly dividend of $0.77. Ares Management’s dividend payout ratio (DPR) is currently 155.65%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ARES. Morgan Stanley lifted their price target on Ares Management from $109.00 to $118.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Wells Fargo & Company raised their target price on shares of Ares Management from $112.00 to $126.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. JPMorgan Chase & Co. upped their target price on Ares Management from $119.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. JMP Securities reiterated a “market perform” rating on shares of Ares Management in a research report on Tuesday, April 9th. Finally, Barclays decreased their price target on Ares Management from $157.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $126.17.

Insider Activity at Ares Management

In other news, insider R. Kipp Deveer sold 80,637 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.25, for a total transaction of $10,906,154.25. Following the completion of the sale, the insider now owns 1,116,676 shares of the company’s stock, valued at $151,030,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Antony P. Ressler sold 143,569 shares of Ares Management stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $131.51, for a total value of $18,880,759.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider R. Kipp Deveer sold 80,637 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.25, for a total value of $10,906,154.25. Following the completion of the transaction, the insider now directly owns 1,116,676 shares of the company’s stock, valued at $151,030,429. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,494,440 shares of company stock valued at $199,049,946. 41.89% of the stock is owned by company insiders.

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.