Analysts expect Ares Management LP (NYSE:ARES) to report $197.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ares Management’s earnings, with estimates ranging from $193.00 million to $202.00 million. Ares Management posted sales of $161.51 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.3%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 15th.
On average, analysts expect that Ares Management will report full year sales of $197.50 million for the current year, with estimates ranging from $744.00 million to $752.00 million. For the next year, analysts anticipate that the company will post sales of $831.00 million per share, with estimates ranging from $805.00 million to $857.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Ares Management.
A number of research firms recently weighed in on ARES. Royal Bank of Canada set a $21.00 price target on Ares Management and gave the stock a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research raised Ares Management from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $24.00 price target on shares of Ares Management in a report on Thursday, January 11th. BidaskClub raised Ares Management from a “hold” rating to a “buy” rating in a report on Saturday, November 11th. Finally, TheStreet cut Ares Management from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Ares Management currently has a consensus rating of “Buy” and an average target price of $24.29.
Ares Management (ARES) opened at $21.60 on Monday. The firm has a market capitalization of $1,775.76, a PE ratio of 11.80, a P/E/G ratio of 0.86 and a beta of 1.36. Ares Management has a fifty-two week low of $17.25 and a fifty-two week high of $25.24. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.56.
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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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