Ares Capital (ARCC) Expected to Announce Quarterly Earnings on Wednesday

Ares Capital (NASDAQ:ARCC) is anticipated to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $785.38 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Ares Capital Price Performance

Shares of ARCC stock opened at $23.80 on Tuesday. The firm’s 50-day moving average is $22.32 and its two-hundred day moving average is $21.47. The company has a market capitalization of $15.38 billion, a PE ratio of 9.15 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. Ares Capital has a 12 month low of $19.32 and a 12 month high of $23.84.

Wall Street Analyst Weigh In

ARCC has been the subject of several recent analyst reports. B. Riley raised their target price on Ares Capital from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their price objective on Ares Capital from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Ares Capital from $23.00 to $24.50 and gave the company an “overweight” rating in a research report on Monday. Finally, StockNews.com upgraded shares of Ares Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.79.

Ares Capital Company Profile

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.