Ares Management (ARES) Expected to Announce Quarterly Earnings on Wednesday

Ares Management (NYSE:ARES) is anticipated to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Ares Management to post earnings of $1.35 per share and revenue of $1.23 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 19.89%. During the same period in the prior year, the company earned $0.83 EPS. On average, analysts expect Ares Management to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Ares Management Trading Up 1.9 %

ARES opened at $193.51 on Wednesday. Ares Management has a 12 month low of $119.76 and a 12 month high of $197.53. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $180.21 and a 200 day moving average of $162.87. The firm has a market cap of $60.58 billion, a P/E ratio of 89.18, a P/E/G ratio of 1.46 and a beta of 1.18.

Ares Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, December 17th. Ares Management’s dividend payout ratio (DPR) is 171.43%.

Insiders Place Their Bets

In other news, CEO Michael J. Arougheti sold 15,825 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $167.24, for a total value of $2,646,573.00. Following the completion of the transaction, the chief executive officer now directly owns 214,079 shares of the company’s stock, valued at approximately $35,802,571.96. The trade was a 6.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan Berry sold 18,329 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $175.18, for a total value of $3,210,874.22. Following the sale, the insider now directly owns 254,885 shares in the company, valued at approximately $44,650,754.30. The trade was a 6.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 574,167 shares of company stock worth $99,996,647 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ARES shares. UBS Group raised their price target on Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen raised their target price on shares of Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Royal Bank of Canada increased their price objective on shares of Ares Management from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company dropped their target price on Ares Management from $212.00 to $207.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays reiterated an “overweight” rating and issued a $224.00 price target on shares of Ares Management in a report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Ares Management has a consensus rating of “Moderate Buy” and an average target price of $176.08.

Ares Management Company Profile

Ares Management Corporation 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.