Ares Management LP (ARES) Expected to Post Earnings of $0.48 Per Share

Equities analysts expect that Ares Management LP (NYSE:ARES) will announce earnings per share of $0.48 for the current quarter, Zacks reports. Two analysts have issued estimates for Ares Management’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.40. Ares Management reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The firm is expected to announce its next earnings report before the market opens on Thursday, February 15th.

On average, analysts expect that Ares Management will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.79 to $1.90. For the next year, analysts forecast that the business will report earnings of $1.82 per share, with EPS estimates ranging from $1.70 to $1.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Ares Management.

Several equities research analysts recently commented on ARES shares. BidaskClub raised Ares Management from a “hold” rating to a “buy” rating in a research report on Saturday, November 11th. Zacks Investment Research raised Ares Management from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Thursday, January 25th. Royal Bank of Canada set a $21.00 price objective on Ares Management and gave the company a “buy” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $24.00 price objective on shares of Ares Management in a research report on Thursday, January 11th. Finally, TheStreet cut Ares Management from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $24.29.

Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in shares of Ares Management by 37.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 14,483 shares of the asset manager’s stock valued at $261,000 after buying an additional 3,982 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Ares Management by 359.8% during the 2nd quarter. Royal Bank of Canada now owns 9,840 shares of the asset manager’s stock valued at $177,000 after buying an additional 7,700 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Ares Management by 79.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 18,827 shares of the asset manager’s stock valued at $338,000 after buying an additional 8,356 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Ares Management by 0.8% during the 4th 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 in the last quarter. Finally, LLBH Private Wealth Management LLC lifted its position in shares of Ares Management by 13.2% during the 4th quarter. LLBH Private Wealth Management LLC now owns 89,863 shares of the asset manager’s stock valued at $1,815,000 after buying an additional 10,477 shares in the last quarter. 16.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ares Management (NYSE ARES) traded down $0.15 during trading hours on Friday, hitting $21.60. The stock had a trading volume of 276,342 shares, compared to its average volume of 146,715. Ares Management has a 1 year low of $17.25 and a 1 year high of $25.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $4,550.00, a P/E ratio of 38.57, a PEG ratio of 0.87 and a beta of 1.36.

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Ares Management Company Profile

Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.

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