Financial Metrics Unveiled: Ares Capital Corp (ARCC)’s Key Ratios in the Spotlight

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The price of Ares Capital Corp (NASDAQ: ARCC) closed at $21.10 in the last session, up 0.86% from day before closing price of $20.92. In other words, the price has increased by $0.86 from its previous closing price. On the day, 3.38 million shares were traded. ARCC stock price reached its highest trading level at $21.14 during the session, while it also had its lowest trading level at $20.9.

Ratios:

We take a closer look at ARCC’s different ratios to gain a better understanding of the stock.

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.

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 12823820288 and an Enterprise Value of 24090810368. As of this moment, Ares’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.20, and their Forward P/E ratio for the next fiscal year is 9.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.75 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 8.932.

Stock Price History:

The Beta on a monthly basis for ARCC is 1.04, which has changed by 0.14736271 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, ARCC has reached a high of $21.04, while it has fallen to a 52-week low of $18.00. The 50-Day Moving Average of the stock is 3.12%, while the 200-Day Moving Average is calculated to be 6.18%.

Shares Statistics:

According to the various share statistics, ARCC traded on average about 3.45M shares per day over the past 3-months and 3293790 shares per day over the past 10 days. A total of 607.76M shares are outstanding, with a floating share count of 603.18M. Insiders hold about 0.59% of the company’s shares, while institutions hold 30.11% stake in the company. Shares short for ARCC as of 1714435200 were 17834540 with a Short Ratio of 5.18, compared to 1711584000 on 16093486. Therefore, it implies a Short% of Shares Outstanding of 17834540 and a Short% of Float of 2.9499999999999997.

Dividends & Splits

The forward annual dividend rate for ARCC is 1.92, which was 1.92 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.091778204The stock’s 5-year Average Dividend Yield is 9.23.

Earnings Estimates

Ares Capital Corp (ARCC) is currently under the scrutiny of 14.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $0.58 for the current quarter, with a high estimate of $0.61 and a low estimate of $0.56, while EPS last year was $0.58. The consensus estimate for the next quarter is $0.58, with high estimates of $0.61 and low estimates of $0.54.

Analysts are recommending an EPS of between $2.43 and $2.19 for the fiscal current year, implying an average EPS of $2.33. EPS for the following year is $2.2, with 13.0 analysts recommending between $2.27 and $2.12.

Revenue Estimates

According to 10 analysts, the current quarter’s revenue is expected to be $715.47M. It ranges from a high estimate of $744.18M to a low estimate of $696.77M. As of the current estimate, Ares Capital Corp’s year-ago sales were $622.05MFor the next quarter, 10 analysts are estimating revenue of $724.28M. There is a high estimate of $766.14M for the next quarter, whereas the lowest estimate is $682.06M.

A total of 9 analysts have provided revenue estimates for ARCC’s current fiscal year. The highest revenue estimate was $2.99B, while the lowest revenue estimate was $2.76B, resulting in an average revenue estimate of $2.87B. In the same quarter a year ago, actual revenue was $2.87BBased on 9 analysts’ estimates, the company’s revenue will be $2.89B in the next fiscal year. The high estimate is $3.06B and the low estimate is $2.73B.

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