Ares Management (ARES) to Release Earnings on Wednesday

Ares Management (NYSE:ARES) will likely be releasing its earnings data before the market opens on Wednesday, February 5th. Analysts expect Ares Management to post earnings of $1.35 per share and revenue of $1.23 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ares Management (NYSE:ARES) last issued its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $833.58 million. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, analysts expect Ares Management to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Ares Management Trading Down 0.8 %

Shares of NYSE ARES opened at $196.69 on Tuesday. The stock has a market capitalization of $61.57 billion, a P/E ratio of 90.64, a PEG ratio of 1.50 and a beta of 1.18. The business’s 50 day moving average is $182.03 and its two-hundred day moving average is $164.31. Ares Management has a 1-year low of $123.85 and a 1-year high of $199.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 1.05.

Insiders Place Their Bets

In other news, insider Ryan Berry sold 14,357 shares of Ares Management stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $180.16, for a total transaction of $2,586,557.12. Following the sale, the insider now owns 233,214 shares of the company’s stock, valued at approximately $42,015,834.24. The trade was a 5.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David B. Kaplan sold 19,775 shares of Ares Management stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $167.45, for a total transaction of $3,311,323.75. Following the sale, the insider now directly owns 230,225 shares in the company, valued at approximately $38,551,176.25. The trade was a 7.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 574,167 shares of company stock valued at $99,996,647 in the last ninety days. 41.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price on Ares Management from $212.00 to $207.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. TD Cowen upped their target price on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley upped their target price on Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. UBS Group increased their price objective on Ares Management from $158.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their price objective on Ares Management from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.08.

About Ares Management

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.