Analysts expect that Ares Management LP Unit (NYSE:ARES) will post earnings of $0.40 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Ares Management LP Unit’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.45. Ares Management LP Unit reported earnings of $0.69 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 42%. The business is scheduled to issue its next earnings report on Friday, August 3rd.

On average, analysts expect that Ares Management LP Unit will report full-year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.81. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.90 per share, with EPS estimates ranging from $1.67 to $2.15. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Ares Management LP Unit.

Ares Management LP Unit (NYSE:ARES) last released its quarterly earnings results on Thursday, May 3rd. The asset manager reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.01). The business had revenue of $317.00 million for the quarter, compared to analysts’ expectations of $267.10 million. Ares Management LP Unit had a net margin of 10.99% and a return on equity of 38.94%. Ares Management LP Unit’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS.

ARES has been the topic of a number of research analyst reports. ValuEngine cut shares of Ares Management LP Unit from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. Zacks Investment Research upgraded shares of Ares Management LP Unit from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Co cut shares of Ares Management LP Unit from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. They noted that the move was a valuation call. Oppenheimer started coverage on shares of Ares Management LP Unit in a research report on Monday, April 30th. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Royal Bank of Canada set a $26.00 price objective on shares of Ares Management LP Unit and gave the company a “buy” rating in a research report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.50.

Shares of ARES opened at $21.25 on Friday. Ares Management LP Unit has a twelve month low of $17.25 and a twelve month high of $25.95. The firm has a market capitalization of $2.11 billion, a PE ratio of 10.82, a PEG ratio of 1.75 and a beta of 1.29. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, June 14th. This is a positive change from Ares Management LP Unit’s previous quarterly dividend of $0.09. This represents a $1.12 dividend on an annualized basis and a yield of 5.27%. Ares Management LP Unit’s dividend payout ratio is 19.17%.

Several institutional investors have recently made changes to their positions in ARES. American Century Companies Inc. lifted its stake in Ares Management LP Unit by 0.8% in the fourth quarter. American Century Companies Inc. now owns 1,218,527 shares of the asset manager’s stock valued at $24,371,000 after buying an additional 9,989 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Ares Management LP Unit by 43.7% during the fourth quarter. Wells Fargo & Company MN now owns 900,886 shares of the asset manager’s stock worth $18,018,000 after purchasing an additional 273,890 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Ares Management LP Unit by 185.9% during the fourth quarter. Bank of New York Mellon Corp now owns 53,827 shares of the asset manager’s stock worth $1,076,000 after purchasing an additional 34,999 shares during the last quarter. LLBH Private Wealth Management LLC raised its position in Ares Management LP Unit by 13.2% in the fourth quarter. LLBH Private Wealth Management LLC now owns 89,863 shares of the asset manager’s stock worth $1,815,000 after acquiring an additional 10,477 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Ares Management LP Unit by 23.2% in the fourth quarter. Renaissance Technologies LLC now owns 155,279 shares of the asset manager’s stock worth $3,106,000 after acquiring an additional 29,279 shares in the last quarter. 39.00% of the stock is owned by institutional investors and hedge funds.

Ares Management LP Unit Company Profile

Ares Management, L.P. 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.

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Earnings History and Estimates for Ares Management LP Unit (NYSE:ARES)

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