$299.10 Million in Sales Expected for Ares Capital Co. (ARCC) This Quarter

Equities research analysts expect Ares Capital Co. (NASDAQ:ARCC) to report $299.10 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Ares Capital’s earnings. The lowest sales estimate is $285.20 million and the highest is $307.31 million. Ares Capital posted sales of $261.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.6%. The business is expected to announce its next earnings results before the market opens on Tuesday, February 13th.

According to Zacks, analysts expect that Ares Capital will report full year sales of $299.10 million for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.27 billion per share, with estimates ranging from $1.22 billion to $1.32 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ares Capital.

ARCC has been the subject of a number of research analyst reports. BidaskClub lowered Ares Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research downgraded Ares Capital from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. TheStreet upgraded Ares Capital from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. Compass Point assumed coverage on Ares Capital in a report on Wednesday, December 6th. They set a “buy” rating and a $17.50 price objective on the stock. Finally, Wedbush assumed coverage on Ares Capital in a report on Monday, November 27th. They issued an “outperform” rating and a $18.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Ares Capital presently has a consensus rating of “Buy” and a consensus price target of $18.00.

Institutional investors and hedge funds have recently modified their holdings of the business. Alpha Windward LLC lifted its position in Ares Capital by 4,144.7% during the 3rd quarter. Alpha Windward LLC now owns 29,925 shares of the investment management company’s stock worth $490,000 after acquiring an additional 29,220 shares during the period. Summit X LLC lifted its position in Ares Capital by 61.8% during the 3rd quarter. Summit X LLC now owns 19,270 shares of the investment management company’s stock worth $315,000 after acquiring an additional 7,360 shares during the period. Intl Fcstone Inc. acquired a new stake in Ares Capital during the 2nd quarter worth about $1,084,000. IFC Holdings Incorporated FL acquired a new stake in Ares Capital during the 3rd quarter worth about $677,000. Finally, Boston Partners lifted its position in Ares Capital by 29.5% during the 3rd quarter. Boston Partners now owns 468,278 shares of the investment management company’s stock worth $7,675,000 after acquiring an additional 106,713 shares during the period. 43.62% of the stock is owned by institutional investors.

Shares of Ares Capital (NASDAQ ARCC) opened at $15.46 on Monday. Ares Capital has a one year low of $15.03 and a one year high of $17.87. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6,590.58, a P/E ratio of 12.17, a P/E/G ratio of 3.29 and a beta of 0.62.

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About Ares Capital

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

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