Wall Street brokerages expect Ares Capital Co. (NASDAQ:ARCC) to report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Ares Capital’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.43. Ares Capital posted earnings of $0.39 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, April 30th.
According to Zacks, analysts expect that Ares Capital will report full-year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.67 to $1.76. For the next year, analysts anticipate that the business will report earnings of $1.75 per share, with EPS estimates ranging from $1.68 to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ares Capital.
Ares Capital (NASDAQ:ARCC) last issued its quarterly earnings data on Tuesday, February 12th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. The firm had revenue of $345.00 million during the quarter, compared to analysts’ expectations of $327.24 million. Ares Capital had a return on equity of 9.69% and a net margin of 64.17%. During the same period in the previous year, the firm posted $0.38 earnings per share.
Shares of NASDAQ ARCC traded up $0.03 during trading on Thursday, reaching $17.36. The company had a trading volume of 53,144 shares, compared to its average volume of 1,949,180. Ares Capital has a twelve month low of $14.50 and a twelve month high of $17.63. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.71.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.40 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.22%. This is a positive change from Ares Capital’s previous quarterly dividend of $0.39. Ares Capital’s dividend payout ratio (DPR) is 95.24%.
Several hedge funds have recently bought and sold shares of the company. Capital Financial Planning LLC acquired a new stake in Ares Capital during the 4th quarter valued at approximately $28,000. Lavaca Capital LLC bought a new position in Ares Capital during the 4th quarter worth approximately $32,000. Ffcm LLC lifted its holdings in shares of Ares Capital by 53.4% in the 4th quarter. Ffcm LLC now owns 2,201 shares of the investment management company’s stock worth $34,000 after purchasing an additional 766 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Ares Capital in the 4th quarter worth approximately $53,000. Finally, Covington Capital Management bought a new stake in shares of Ares Capital in the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 39.26% of the company’s stock.
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.
Further Reading: How Do You Calculate Return on Equity (ROE)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.