Analysts Expect Ares Management (ARES) to Post $0.38 Earnings Per Share

Brokerages expect Ares Management (NYSE:ARES) to announce earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ares Management’s earnings, with estimates ranging from $0.30 to $0.51. Ares Management posted earnings of $0.30 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 26.7%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, May 3rd.

On average, analysts expect that Ares Management will report full year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.45 to $2.00. For the next fiscal year, analysts anticipate that the company will report earnings of $1.91 per share, with EPS estimates ranging from $1.62 to $2.30. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Ares Management.

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Ares Management (NYSE:ARES) last announced its quarterly earnings results on Thursday, February 15th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The business had revenue of $356.30 million during the quarter, compared to the consensus estimate of $376.37 million. Ares Management had a net margin of 5.38% and a return on equity of 40.87%. The business’s quarterly revenue was down .5% compared to the same quarter last year.



A number of analysts have recently issued reports on the stock. UBS assumed coverage on shares of Ares Management in a report on Monday, April 9th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Ares Management from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 18th. ValuEngine downgraded shares of Ares Management from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $24.00 price target on shares of Ares Management in a report on Thursday, January 11th. Finally, Credit Suisse Group restated an “outperform” rating and set a $33.00 price target (down previously from $34.00) on shares of Ares Management in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Ares Management presently has an average rating of “Buy” and an average price target of $25.50.

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in Ares Management by 10.2% in the 3rd quarter. Wells Fargo & Company MN now owns 626,996 shares of the asset manager’s stock valued at $11,693,000 after buying an additional 58,216 shares during the period. Stifel Financial Corp purchased a new position in Ares Management in the 3rd quarter valued at approximately $278,000. PM CAPITAL Ltd boosted its position in Ares Management by 95.8% in the 4th quarter. PM CAPITAL Ltd now owns 820,159 shares of the asset manager’s stock valued at $16,403,000 after buying an additional 401,265 shares during the period. Gator Capital Management LLC purchased a new position in Ares Management in the 4th quarter valued at approximately $2,085,000. Finally, American Century Companies Inc. boosted its position in Ares Management by 0.8% in the 4th quarter. American Century Companies Inc. now owns 1,218,527 shares of the asset manager’s stock valued at $24,371,000 after buying an additional 9,989 shares during the period. Hedge funds and other institutional investors own 17.09% of the company’s stock.

Shares of NYSE ARES traded down $0.35 during midday trading on Thursday, reaching $21.90. 79,694 shares of the stock were exchanged, compared to its average volume of 426,101. The company has a market capitalization of $1,862.07, a P/E ratio of 11.42, a P/E/G ratio of 1.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.32 and a quick ratio of 0.32. Ares Management has a twelve month low of $17.25 and a twelve month high of $25.95.

The business also recently announced a dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a $0.093 dividend. The ex-dividend date is Friday, April 13th. Ares Management’s dividend payout ratio (DPR) is presently 19.17%.

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Ares Management Company Profile

Ares Management, L.P. 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.

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