Ares Capital (ARCC) to Release Quarterly Earnings on Wednesday

Ares Capital (NASDAQ:ARCC - Get Free Report) is scheduled to be issuing 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. Parties interested in participating in the company's conference call can do so using this link.

Ares Capital (NASDAQ:ARCC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The investment management company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. Ares Capital had a return on equity of 12.50% and a net margin of 58.22%. The company had revenue of $707.00 million during the quarter, compared to analyst estimates of $669.78 million. During the same period in the previous year, the company earned $0.68 earnings per share. The company's quarterly revenue was up 10.5% compared to the same quarter last year. 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 Performance

Shares of ARCC stock traded up $0.05 during trading hours on Wednesday, reaching $20.79. 2,125,719 shares of the company's stock were exchanged, compared to its average volume of 3,574,647. Ares Capital has a fifty-two week low of $17.53 and a fifty-two week high of $20.86. The stock has a market capitalization of $12.61 billion, a P/E ratio of 7.79 and a beta of 1.00. The business has a fifty day moving average price of $20.34 and a 200-day moving average price of $20.00. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.48 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.24%. Ares Capital's dividend payout ratio (DPR) is presently 71.91%.

Analyst Ratings Changes

ARCC has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on Ares Capital from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. JMP Securities restated a "market outperform" rating and issued a $21.00 target price on shares of Ares Capital in a research note on Tuesday, March 26th. Finally, B. Riley lowered Ares Capital from a "buy" rating to a "neutral" rating and set a $21.00 target price for the company. in a research note on Monday, January 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.80.

About Ares Capital

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.