Ares Management (ARES) to Release Earnings on Wednesday

Ares Management (NYSE:ARES) is anticipated to release 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Ares Management (NYSE:ARES) last released 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. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same quarter last year, the business posted $0.83 EPS. 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 %

ARES opened at $196.69 on Tuesday. The business has a 50 day moving average of $182.03 and a 200-day moving average of $164.31. The stock has a market cap of $61.57 billion, a PE ratio of 90.64, a PEG ratio of 1.50 and a beta of 1.18. Ares Management has a 52 week low of $123.85 and a 52 week high of $199.94. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In related news, insider Ryan Berry sold 1,671 shares of Ares Management stock in a transaction on Monday, November 11th. The stock was sold at an average price of $175.00, for a total transaction of $292,425.00. Following the transaction, the insider now directly owns 253,214 shares in the company, valued at approximately $44,312,450. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Arougheti sold 20,096 shares of Ares Management stock in a transaction on Friday, November 15th. The shares were sold at an average price of $167.44, for a total value of $3,364,874.24. Following the transaction, the chief executive officer now owns 229,904 shares in the company, valued at $38,495,125.76. This trade represents a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 574,167 shares of company stock valued at $99,996,647 over the last 90 days. Company insiders own 41.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARES. Keefe, Bruyette & Woods upgraded Ares Management from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $166.00 to $202.00 in a research note on Friday, December 20th. Barclays reiterated an “overweight” rating and set a $224.00 price objective on shares of Ares Management in a research note on Monday, January 27th. TD Cowen lifted 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. UBS Group lifted their target price on Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their target price on Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Ares Management has a consensus rating of “Moderate Buy” and a consensus target price 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.