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.
COPYRIGHT VIOLATION WARNING: This report was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://sportsperspectives.com/2018/02/11/ares-capital-arcc-to-release-earnings-on-tuesday.html.
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.
Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.