Ares Capital (ARCC) to Release Earnings on Tuesday

Ares Capital (NASDAQ:ARCC) is set to announce its earnings results before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.

Ares Capital (NASDAQ ARCC) opened at $15.46 on Friday. Ares Capital has a 12 month low of $15.03 and a 12 month high of $17.87. The stock has a market capitalization of $6,550.00, a PE ratio of 12.27, a PEG ratio of 3.32 and a beta of 0.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.29 and a current ratio of 1.29.

A number of research analysts have recently issued reports on ARCC shares. Jefferies Group reaffirmed a “buy” rating and set a $19.50 price objective on shares of Ares Capital in a research note on Friday, November 3rd. National Securities reaffirmed a “buy” rating and set a $19.00 price objective on shares of Ares Capital in a research note on Friday, November 3rd. Zacks Investment Research cut Ares Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. TheStreet cut Ares Capital from a “b” rating to a “c+” rating in a research note on Monday, November 13th. Finally, Wedbush started coverage on Ares Capital in a research note on Monday, November 27th. They set an “outperform” rating and a $18.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Ares Capital has a consensus rating of “Buy” and an average target price of $18.00.

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Ares Capital Company Profile

Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.

Earnings History for Ares Capital (NASDAQ:ARCC)

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