Ares Capital Corp. (ARCC) Set to Announce Quarterly Earnings on Wednesday
Ares Capital Corp. (NASDAQ:ARCC) will be announcing its Q114 earnings results on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $231.67 million for the quarter.
Shares of Ares Capital Corp. (NASDAQ:ARCC) opened at 18.49 on Tuesday. Ares Capital Corp. has a 1-year low of $16.15 and a 1-year high of $18.67. The stock has a 50-day moving average of $17.75 and a 200-day moving average of $17.62.
ARCC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Ares Capital Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 11th. They now have a $19.70 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Ares Capital Corp. currently has a consensus rating of “Hold” and a consensus price target of $18.67.
Ares Capital Corporation (NASDAQ:ARCC) is a specialty finance company, which is a closed-end, non-diversified management investment company.
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