Brokerages Expect Ares Management LP (ARES) to Post $0.48 EPS

Wall Street analysts expect Ares Management LP (NYSE:ARES) to report $0.48 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Ares Management’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.52. Ares Management reported earnings of $0.44 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that Ares Management will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.79 to $1.90. For the next fiscal year, analysts expect that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.70 to $1.92. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Ares Management.

Ares Management (NYSE:ARES) last released its earnings results on Thursday, February 15th. The asset manager reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. Ares Management had a return on equity of 39.54% and a net margin of 4.98%. The firm had revenue of $356.30 million during the quarter, compared to analysts’ expectations of $376.37 million. Ares Management’s revenue was down .5% compared to the same quarter last year.

Several equities research analysts have weighed in on ARES shares. Royal Bank of Canada set a $21.00 target price on Ares Management and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Ares Management from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. BidaskClub upgraded Ares Management from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. TheStreet cut Ares Management from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Ares Management in a research note on Wednesday, January 10th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $24.29.

Ares Management (NYSE:ARES) traded up $2.50 during midday trading on Friday, reaching $25.20. The company’s stock had a trading volume of 215,772 shares, compared to its average volume of 154,565. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.56. Ares Management has a 12-month low of $17.25 and a 12-month high of $25.95. The company has a market capitalization of $4,820.00, a PE ratio of 40.54, a PEG ratio of 0.91 and a beta of 1.36.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in Ares Management by 2.1% in the third quarter. American Century Companies Inc. now owns 1,208,538 shares of the asset manager’s stock valued at $22,539,000 after purchasing an additional 24,976 shares during the period. PM CAPITAL Ltd increased its holdings in Ares Management by 95.8% in the fourth quarter. PM CAPITAL Ltd now owns 820,159 shares of the asset manager’s stock valued at $16,403,000 after purchasing an additional 401,265 shares during the period. Stifel Financial Corp acquired a new stake in Ares Management in the third quarter valued at $278,000. Royce & Associates LP increased its holdings in Ares Management by 0.4% in the third quarter. Royce & Associates LP now owns 3,778,587 shares of the asset manager’s stock valued at $70,471,000 after purchasing an additional 16,811 shares during the period. Finally, EJF Capital LLC increased its holdings in Ares Management by 17.2% in the third quarter. EJF Capital LLC now owns 1,086,804 shares of the asset manager’s stock valued at $20,269,000 after purchasing an additional 159,544 shares during the period. Institutional investors and hedge funds own 16.21% of the company’s stock.

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Ares Management Company Profile

Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.

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