Ares Capital Corp. (ARCC) to Release Quarterly Earnings on Tuesday
Ares Capital Corp. (NASDAQ:ARCC) is set to announce its Q214 earnings results on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $230.70 million for the quarter.
Ares Capital Corp. (NASDAQ:ARCC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.06. During the same quarter last year, the company posted $0.45 earnings per share. On average, analysts expect Ares Capital Corp. to post $1.62 EPS for the current fiscal year and $1.68 EPS for the next fiscal year.
Ares Capital Corp. (NASDAQ:ARCC) traded down 0.41% on Monday, hitting $17.12. 1,014,454 shares of the company’s stock traded hands. Ares Capital Corp. has a one year low of $16.15 and a one year high of $18.63. The stock has a 50-day moving average of $17.37 and a 200-day moving average of $17.69.
A number of research firms have recently commented on ARCC. Analysts at Barclays raised their price target on shares of Ares Capital Corp. from $17.00 to $18.00 in a research note on Thursday, February 27th. 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. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Ares Capital Corp. presently has a consensus rating of “Hold” and a consensus target price of $18.62.
Ares Capital Corporation (NASDAQ:ARCC) is a specialty finance company, which is a closed-end, non-diversified management investment company.
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