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

Posted by James Conley on Feb 4th, 2025

Ares Capital (NASDAQ:ARCC – Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Ares Capital to post earnings of $0.58 per share and revenue of $785.38 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ares Capital Stock Up 0.5 %

NASDAQ ARCC opened at $23.80 on Tuesday. Ares Capital has a 12 month low of $19.32 and a 12 month high of $23.84. The stock’s 50 day moving average is $22.32 and its 200 day moving average is $21.47. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.06. The stock has a market cap of $15.38 billion, a PE ratio of 9.15 and a beta of 1.00.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARCC. B. Riley upped their price objective on Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their target price on shares of Ares Capital from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ares Capital from $23.00 to $24.50 and gave the stock an “overweight” rating in a research note on Monday. Three investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.79.

Check Out Our Latest Report on ARCC

Ares Capital Company Profile

(Get Free Report)

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.