Ares Management L.P. (ARES) Earns Daily Coverage Optimism Rating of 0.13
Headlines about Ares Management L.P. (NYSE:ARES) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Management L.P. earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 45.8968953251976 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Ares Management L.P. (ARES) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- Zacks: Brokerages Anticipate Ares Management L.P. (ARES) Will Announce Quarterly Sales of $190.50 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate Ares Management L.P. (ARES) to Post $0.41 Earnings Per Share (americanbankingnews.com)
- Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2017 – Business Wire (press release) (businesswire.com)
- Should You Sell Ares Management LP (ARES) At This PE Ratio? (finance.yahoo.com)
Ares Management L.P. (NYSE:ARES) opened at 18.70 on Tuesday. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 25.03 and a beta of 1.25. Ares Management L.P. has a one year low of $14.75 and a one year high of $23.25. The stock’s 50 day moving average price is $18.29 and its 200-day moving average price is $18.41.
Ares Management L.P. (NYSE:ARES) last issued its quarterly earnings data on Friday, August 4th. The asset manager reported $0.69 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. Ares Management L.P. had a return on equity of 40.94% and a net margin of 5.86%. The firm had revenue of $554.00 million during the quarter, compared to the consensus estimate of $442.10 million. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 49.9% compared to the same quarter last year. On average, equities research analysts anticipate that Ares Management L.P. will post $1.82 earnings per share for the current fiscal year.
ARES has been the topic of several analyst reports. TheStreet raised Ares Management L.P. from a “c” rating to a “b-” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Ares Management L.P. from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, July 11th. Royal Bank Of Canada set a $21.00 price target on Ares Management L.P. and gave the company a “buy” rating in a report on Saturday, August 5th. ValuEngine lowered Ares Management L.P. from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $22.00 price target on shares of Ares Management L.P. in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Ares Management L.P. presently has an average rating of “Buy” and an average price target of $21.00.
Ares Management L.P. 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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