Ares Management Co. (NYSE:ARES) is expected to report earnings of $0.69 per share

Analysts expect Ares Management Co. (NYSE:ARES) to report earnings per share (EPS) of $0.69 for the current quarter, according to Zacks. Three analysts released earnings estimates for Ares Management, with the highest EPS estimate of $0.71 and the lowest estimate of $0.67. Ares Management reported earnings per share of $0.46 in the same quarter last year, indicating a positive growth rate of 50% year over year. The company is due to announce its next quarterly results on Thursday, May 5.

On average, analysts expect Ares Management to report annual earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.12 to $3.39. For the next fiscal year, analysts expect the company to post earnings of $4.01 per share, with EPS estimates ranging from $3.65 to $4.17. Zacks Investment Research’s EPS calculations are an average average based on a survey of sell-side research analysts who track Ares Management.

Ares Management Inc (NYSE:ARES) last released its results on Friday, February 11. The asset manager reported earnings per share of $0.85 for the quarter, beating the Zacks consensus estimate of $0.72 by $0.13. Ares Management achieved a net margin of 9.71% and a return on equity of 16.13%. During the same quarter last year, the company posted EPS of $0.54.

A number of research analysts have weighed in on ARES shares. Bank of America launched coverage on the shares of Ares Management in a research report on Thursday, December 16. They set a “buy” rating and a price target of $117.00 on the stock. UBS Group raised its price target on Ares Management shares from $85.00 to $91.00 and gave the company a “buy” rating in a Monday, February 14 research note. Wells Fargo & Company launched Ares Management stock coverage in a Wednesday, Dec. 15 research note. They set an “overweight” rating and a target price of $96.00 for the company. Morgan Stanley raised its price target on Ares Management shares from $90.00 to $93.00 and gave the company an “equal weight” rating in a research note on Wednesday. Ultimately, Zacks Investment Research moved shares of Ares Management from a “hold” rating to a “strong-buy” rating and set a target price of $91.00 for the company in a research note on Friday. Two research analysts gave the stock a hold rating, eight gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and an average target price of $88.55.

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In related news, CEO Michael J. Arougheti sold 114,425 shares in a trade that took place on 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 an SEC filing, available at the SEC website. Additionally, CEO Michael J. Arougheti sold 46,721 shares in a trade that took place on Thursday, January 13. The stock was sold at an average price of $77.81, for a total transaction of $3,635,361.01. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 346,978 shares of the company worth $27,492,390. Company insiders own 49.34% of the company’s shares.

Large investors have recently changed their stock holdings. Marshall Wace LLP bought a new stake in Ares Management in Q1 worth approximately $145,000. Commonwealth Equity Services LLC acquired a new stake in Ares Management in Q2 for a value of approximately $203,000. LPL Financial LLC strengthened its position in Ares Management by 16.0% in the 2nd quarter. LPL Financial LLC now owns 16,336 shares of the asset manager worth $1,039,000 after purchasing an additional 2,254 shares last quarter. Northern Trust Corp increased its position in Ares Management by 10.2% in the second quarter. Northern Trust Corp now owns 591,932 shares of the asset manager worth $37,641,000 after buying an additional 54,905 shares last quarter. Finally, Steward Partners Investment Advisory LLC strengthened its position in Ares Management by 16.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,742 shares of the asset manager worth $365,000 after buying 816 additional shares in the last quarter. Institutional investors hold 44.85% of the company’s shares.

Ares Management Shares opened at $76.95 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt ratio of 0.38. Ares Management has a 1-year minimum of $47.77 and a 1-year maximum of $90.08. The company has a market capitalization of $22.31 billion, a PE ratio of 36.30, a growth price-earnings ratio of 0.94 and a beta of 1.01. The company’s 50-day simple moving average is $77.63 and its 200-day simple moving average is $78.64.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 31. Shareholders of record on Thursday, March 17 will receive a dividend of $0.61. The ex-dividend date is Wednesday, March 16. This is an increase from Ares Management’s previous quarterly dividend of $0.47. This represents a dividend of $2.44 on an annualized basis and a yield of 3.17%. Ares Management’s payout ratio is currently 88.68%.

About Ares Management

Ares Management Corp. provides investment management and advisory services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and loans Americans.

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

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