$0.65 per share earnings expected for Ares Management Co. (NYSE:ARES) this quarter


Brokerages expect Ares Management Co. (NYSE: ARESGet a rating) to post earnings of $0.65 per share for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for Ares Management. The lowest EPS estimate is $0.57 and the highest is $0.68. Ares Management posted earnings per share of $0.46 in the same quarter last year, suggesting a positive year-over-year growth rate of 41.3%. The company is expected to announce its next earnings report before the market opens on Monday, January 1.

According to Zacks, analysts expect Ares Management to report full year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.09 to $3.44. For the next fiscal year, analysts expect the company to report earnings of $3.99 per share, with EPS estimates ranging from $3.65 to $4.16. Zacks earnings per share averages are an average average based on a survey of research analysts who cover Ares Management.

Management of Ares (NYSE: ARESGet a rating) last released its results on Friday, February 11. The asset manager reported earnings per share (EPS) of $0.85 for the quarter, beating the consensus estimate of $0.73 by $0.12. Ares Management achieved a net margin of 9.71% and a return on equity of 15.16%. The company posted revenue of $731.16 million in the quarter, compared to $659.06 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.54.

A number of analysts have weighed in on ARES shares recently. BMO Capital Markets raised its price target on Ares Management shares from $90.00 to $97.00 and gave the stock an “outperform” rating in a Monday, Feb. 14 research note. Zacks Investment Research cut Ares Management shares from a “buy” to a “hold” rating in a Tuesday, March 29 research note. Piper Sandler began covering Ares Management stocks in a research note on Tuesday, January 25. They set an “overweight” rating and a price target of $97.00 for the company. Royal Bank of Canada lowered its price target on Ares Management shares from $98.00 to $90.00 in a Friday, Jan. 28 research note. Finally, Morgan Stanley lowered its price target on Ares Management shares from $93.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday. One equity research analyst gave the stock a sell rating, two gave the company a hold rating and seven gave the company a buy rating. According to MarketBeat.com, Ares Management currently has a consensus rating of “Buy” and a consensus target price of $94.56.

Separately, CEO Michael J. Arougheti sold 114,425 shares in a trade dated Monday, January 31. The shares were sold at an average price of $78.69, for a total value of $9,004,103.25. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Also, CEO Michael J. Arougheti sold 13,334 shares in a transaction dated Wednesday, February 9. The shares were sold at an average price of $80.36, for a total transaction of $1,071,520.24. Disclosure of this sale can be found here. Insiders sold a total of 266,520 shares of the company worth $21,408,641 during the last quarter. Insiders hold 49.34% of the shares of the company.

A number of large investors have recently bought and sold shares of ARES. Marshall Wace LLP bought a new position in Ares Management during Q1 worth approximately $145,000. Morgan Stanley increased its stake in Ares Management shares by 14.4% during the second quarter. Morgan Stanley now owns 732,310 shares of the asset manager worth $46,567,000 after buying an additional 91,931 shares in the last quarter. GWM Advisors LLC acquired a new stake in Ares Management stock during Q3 worth approximately $684,000. Maryland State Retirement & Pension System increased its stake in Ares Management shares by 9.0% during the third quarter. Maryland State Retirement & Pension System now owns 10,475 shares of the asset manager worth $781,000 after buying 867 additional shares in the last quarter. Finally, US Capital Wealth Advisors LLC acquired a new stake in Ares Management stock during Q3 for a value of approximately $221,000. Hedge funds and other institutional investors hold 44.85% of the company’s shares.

Shares of Ares Management Shares traded at $1.99 during Friday trading hours, reaching $75.62. The company had a trading volume of 961,112 shares, compared to its average volume of 828,325. The company’s 50-day moving average is $77.71 and its two-hundred-day moving average is 79, $28. Ares Management has a 12-month low of $50.46 and a 12-month high of $90.08. The company has a debt ratio of 0.43, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $21.92 billion, a P/E ratio of 35.67, a price-to-earnings growth ratio of 0.90 and a beta of 0.97.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 17 received a dividend of $0.61. This represents a dividend of $2.44 on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Wednesday, March 16. This is an increase from Ares Management’s previous quarterly dividend of $0.47. Ares Management’s dividend payout ratio (DPR) is currently 115.09%.

Ares Management Company Profile (Get a rating)

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 combined and separately managed accounts for institutional investors, as well as exchange-listed vehicles and sub-advised funds for retail investors on the negotiable and lower quality corporate credit markets.

Further reading

Get a Free Copy of Zacks’ Research Report on Ares Management (ARES)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Ares Management (NYSE:ARES)



Get news and reviews for Ares Management Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Ares Management and related companies with MarketBeat.com’s free daily email newsletter.