Ares Capital (ARCC) Scheduled to Post Quarterly Earnings on Tuesday
Ares Capital (NASDAQ:ARCC) is set to post its quarterly earnings results before the market opens on Tuesday, February 13th. Analysts expect Ares Capital to post earnings of $0.37 per share for the quarter.
Ares Capital (ARCC) opened at $15.46 on Monday. The firm has a market cap of $6,590.00, a price-to-earnings ratio of 12.27, a P/E/G ratio of 3.29 and a beta of 0.62. Ares Capital has a 52 week low of $15.03 and a 52 week high of $17.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.29 and a current ratio of 1.29.
Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Ares Capital from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Zacks Investment Research cut shares of Ares Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Jefferies Group reaffirmed a “buy” rating and set a $19.50 target price on shares of Ares Capital in a research note on Friday, November 3rd. TheStreet cut shares of Ares Capital from a “b” rating to a “c+” rating in a research note on Monday, November 13th. Finally, National Securities reaffirmed a “buy” rating and set a $19.00 target price on shares of Ares Capital in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Ares Capital currently has an average rating of “Buy” and a consensus price target of $18.00.
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Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.
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