Brokerages expect that Ares Management Corp (NYSE:ARES) will post $427.50 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Ares Management’s earnings, with the lowest sales estimate coming in at $423.90 million and the highest estimate coming in at $431.10 million. Ares Management posted sales of $214.43 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 99.4%. The firm is expected to issue its next earnings results before the market opens on Thursday, February 13th.

On average, analysts expect that Ares Management will report full-year sales of $1.38 billion for the current year, with estimates ranging from $1.29 billion to $1.48 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.71 billion, with estimates ranging from $1.65 billion to $1.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Ares Management.

Ares Management (NYSE:ARES) last posted its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). Ares Management had a net margin of 7.76% and a return on equity of 18.98%. The business had revenue of $466.49 million during the quarter, compared to analysts’ expectations of $312.15 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 93.7% compared to the same quarter last year.

A number of research firms recently weighed in on ARES. ValuEngine downgraded Ares Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America restated a “buy” rating and issued a $33.00 price target on shares of Ares Management in a research note on Wednesday, September 25th. Royal Bank of Canada reiterated a “buy” rating and set a $38.00 target price on shares of Ares Management in a research report on Monday, January 6th. Oppenheimer downgraded Ares Management from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, BMO Capital Markets started coverage on Ares Management in a research report on Monday, October 7th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ares Management has a consensus rating of “Buy” and a consensus price target of $36.43.

Institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new position in shares of Ares Management in the fourth quarter worth $852,000. Peregrine Capital Management LLC acquired a new position in shares of Ares Management in the fourth quarter worth $27,037,000. Metropolitan Life Insurance Co NY acquired a new position in shares of Ares Management in the third quarter worth $593,000. Millennium Management LLC acquired a new position in shares of Ares Management in the third quarter worth $22,691,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Ares Management in the third quarter worth $3,437,000. Institutional investors own 66.68% of the company’s stock.

Shares of Ares Management stock traded up $0.45 during trading on Friday, reaching $37.28. The company’s stock had a trading volume of 594,800 shares, compared to its average volume of 445,483. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.35. Ares Management has a 12-month low of $19.66 and a 12-month high of $38.09. The company has a market capitalization of $4.32 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.52. The business has a 50 day moving average price of $34.60 and a 200-day moving average price of $30.35.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.43%. This is an increase from Ares Management’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, December 16th. Ares Management’s payout ratio is presently 90.14%.

About Ares Management

Ares Management Corporation 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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