Ares Capital Co. Expected to Post Q2 2018 Earnings of $0.40 Per Share (ARCC)

Ares Capital Co. (NASDAQ:ARCC) – Equities researchers at SunTrust Banks issued their Q2 2018 earnings estimates for shares of Ares Capital in a research report issued on Monday, July 30th. SunTrust Banks analyst M. Hughes expects that the investment management company will post earnings per share of $0.40 for the quarter. SunTrust Banks also issued estimates for Ares Capital’s Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.60 EPS, Q1 2019 earnings at $0.42 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.69 EPS.

Several other brokerages have also commented on ARCC. BidaskClub raised shares of Ares Capital from a “sell” rating to a “hold” rating in a research report on Thursday. JMP Securities increased their price objective on shares of Ares Capital from $18.00 to $18.50 and gave the company a “market outperform” rating in a research report on Monday, June 4th. National Securities reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Ares Capital in a research report on Tuesday, May 15th. Zacks Investment Research lowered shares of Ares Capital from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, Oppenheimer set a $18.00 price objective on shares of Ares Capital and gave the company a “buy” rating in a research report on Thursday, May 3rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.96.

NASDAQ:ARCC opened at $17.24 on Thursday. The stock has a market capitalization of $7.18 billion, a PE ratio of 12.40, a PEG ratio of 3.54 and a beta of 0.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.71. Ares Capital has a fifty-two week low of $15.03 and a fifty-two week high of $17.32.

Ares Capital (NASDAQ:ARCC) last released its quarterly earnings results on Wednesday, August 1st. The investment management company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Ares Capital had a net margin of 65.81% and a return on equity of 8.80%. The business had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $322.06 million. During the same period last year, the business earned $0.42 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of ARCC. Jane Street Group LLC raised its position in Ares Capital by 19.6% during the 4th quarter. Jane Street Group LLC now owns 37,822 shares of the investment management company’s stock worth $595,000 after buying an additional 6,198 shares during the last quarter. Macquarie Group Ltd. raised its position in Ares Capital by 8.9% during the 4th quarter. Macquarie Group Ltd. now owns 63,600 shares of the investment management company’s stock worth $999,000 after buying an additional 5,200 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Ares Capital by 20.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 24,752 shares of the investment management company’s stock worth $389,000 after buying an additional 4,144 shares during the last quarter. Algebris UK Ltd purchased a new position in Ares Capital during the 1st quarter worth approximately $5,126,000. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Ares Capital by 11.5% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 174,324 shares of the investment management company’s stock worth $2,767,000 after buying an additional 18,043 shares during the last quarter. 41.87% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.39 per share. This is a positive change from Ares Capital’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 9.05%. Ares Capital’s dividend payout ratio (DPR) is currently 109.35%.

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.

Read More: Growth Stocks

Earnings History and Estimates for Ares Capital (NASDAQ:ARCC)

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