As of close of business last night, Ares Capital Corporation’s stock clocked out at $19.94, down -0.05% from its previous closing price of $19.95. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 4159905 shares were traded.
Ratios:
To gain a deeper understanding of ARCC’s stock, we examine its different ratios.
On June 16, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $20.50.
Wells Fargo Downgraded its Overweight to Equal Weight on April 18, 2023, whereas the target price for the stock was revised from $20 to $18.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 02 ’23 when SCHNABEL MICHAEL KORT bought 15,000 shares for $17.84 per share. The transaction valued at 267,600 led to the insider holds 15,000 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARCC now has a Market Capitalization of 12.10B. As of this moment, Ares’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.44, and their Forward P/E ratio for the next fiscal year is 8.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.63 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 7.44 whereas that against EBITDA is 10.19.
Stock Price History:
Over the past 52 weeks, ARCC has reached a high of $20.85, while it has fallen to a 52-week low of $16.95. The 50-Day Moving Average of the stock is 20.25, while the 200-Day Moving Average is calculated to be 19.60.
Shares Statistics:
It appears that ARCC traded 3.81M shares on average per day over the past three months and 4.18M shares per day over the past ten days. A total of 606.78M shares are outstanding, with a floating share count of 602.53M. Insiders hold about 0.59% of the company’s shares, while institutions hold 29.32% stake in the company. Shares short for ARCC as of Feb 29, 2024 were 28M with a Short Ratio of 7.35, compared to 22.85M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.81% and a Short% of Float of 4.84%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.92, ARCC has a forward annual dividend rate of 1.92. Against a Trailing Annual Dividend Yield of 9.62%, it implies a Forward Annual Dividend Yield of 9.63%. The stock’s 5-year Average Dividend Yield is 9.22.
Earnings Estimates
As of right now, 15 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.59 for the current quarter, with a high estimate of $0.62 and a low estimate of $0.57, while EPS last year was $0.57. The consensus estimate for the next quarter is $0.6, with high estimates of $0.64 and low estimates of $0.56.
Analysts are recommending an EPS of between $2.54 and $2.26 for the fiscal current year, implying an average EPS of $2.37. EPS for the following year is $2.22, with 13 analysts recommending between $2.43 and $2.06.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $699.55M. It ranges from a high estimate of $716.24M to a low estimate of $685M. As of the current estimate, Ares Capital Corporation’s year-ago sales were $618M, an estimated increase of 13.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $705.12M, an increase of 13.40% over than the figure of $13.20% in the same quarter last year. There is a high estimate of $740.34M for the next quarter, whereas the lowest estimate is $677.45M.
A total of 10 analysts have provided revenue estimates for ARCC’s current fiscal year. The highest revenue estimate was $2.95B, while the lowest revenue estimate was $2.71B, resulting in an average revenue estimate of $2.8B. In the same quarter a year ago, actual revenue was $2.87B, down -2.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.71B in the next fiscal year. The high estimate is $3.06B and the low estimate is $2.07B. The average revenue growth estimate for next year is down -3.40% from the average revenue estimate for this year.
