Headlines about Ares Capital (NASDAQ:ARCC) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ares Capital earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.8804179923422 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
- Ares Capital Target of Unusually Large Options Trading (ARCC) (americanbankingnews.com)
- How Risky Are These Stocks: Knight-Swift Transportation Holdings Inc. (KNX), Ares Capital Corporation (ARCC) – Market Movers (financialqz.com)
- Featured Volatile Stock – Ares Capital Corporation (NASDAQ: ARCC) – Alpha Beta Stock (alphabetastock.com)
- Ares Capital’s (ARCC) CEO Kipp deVeer on Q4 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- Ares Capital Corp. Reports Rise In Q4 Bottom Line (markets.businessinsider.com)
A number of brokerages have commented on ARCC. Oppenheimer set a $18.00 target price on Ares Capital and gave the company a “buy” rating in a research note on Tuesday. BidaskClub upgraded Ares Capital from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Zacks Investment Research downgraded Ares Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Jefferies Group restated a “buy” rating and issued a $19.50 target price on shares of Ares Capital in a research note on Friday, November 3rd. Finally, TheStreet downgraded Ares Capital from a “b” rating to a “c+” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.00.
Ares Capital (NASDAQ:ARCC) last released its quarterly earnings results on Tuesday, February 13th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $301.38 million. Ares Capital had a return on equity of 8.60% and a net margin of 45.78%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. research analysts predict that Ares Capital will post 1.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 9.45%. Ares Capital’s dividend payout ratio (DPR) is presently 96.82%.
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.
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