Ares Capital Corp. (ARCC) to Release Quarterly Earnings on Tuesday
Ares Capital Corp. (NASDAQ:ARCC) is scheduled to be issuing its Q314 quarterly earnings data on Tuesday, August 5th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $231.50 million for the quarter.
Ares Capital Corp. (NASDAQ:ARCC) opened at 16.73 on Monday. Ares Capital Corp. has a 1-year low of $16.47 and a 1-year high of $18.63. The stock’s 50-day moving average is $17. and its 200-day moving average is $17.4.
A number of analysts have recently weighed in on ARCC shares. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Ares Capital Corp. in a research note on Monday. They set an “overweight” rating on the stock. Analysts at Goldman Sachs initiated coverage on shares of Ares Capital Corp. in a research note on Tuesday, May 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.54.
Ares Capital Corporation (NASDAQ:ARCC) is a specialty finance company, which is a closed-end, non-diversified management investment company.
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