Ares Capital Corporation (NASDAQ:ARCC) – Jefferies Group dropped their Q2 2018 earnings per share (EPS) estimates for Ares Capital Corporation in a note issued to investors on Friday. Jefferies Group analyst J. Hecht now forecasts that the investment management company will post earnings per share of $0.38 for the quarter, down from their previous forecast of $0.39. Jefferies Group has a “Buy” rating and a $19.50 price objective on the stock. Jefferies Group also issued estimates for Ares Capital Corporation’s Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.55 EPS.

Ares Capital Corporation (NASDAQ:ARCC) last announced its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Ares Capital Corporation had a return on equity of 8.60% and a net margin of 45.78%. The company had revenue of $294.00 million for the quarter, compared to the consensus estimate of $295.02 million. During the same quarter last year, the company posted $0.43 earnings per share. TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/07/ares-capital-corporation-to-post-q2-2018-earnings-of-0-38-per-share-jefferies-group-forecasts-arcc.html.

Several other equities research analysts also recently issued reports on ARCC. BidaskClub downgraded shares of Ares Capital Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. National Securities restated a “buy” rating and issued a $19.00 price objective on shares of Ares Capital Corporation in a research note on Friday. TheStreet upgraded shares of Ares Capital Corporation from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of Ares Capital Corporation from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods set a $19.00 price objective on shares of Ares Capital Corporation and gave the stock a “buy” rating in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $18.06.

Shares of Ares Capital Corporation (NASDAQ ARCC) traded up $0.12 during trading on Monday, hitting $16.11. 1,178,994 shares of the stock traded hands, compared to its average volume of 1,690,000. The firm has a market capitalization of $6,870.00, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 3.87 and a beta of 0.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.29 and a current ratio of 1.29. Ares Capital Corporation has a twelve month low of $15.01 and a twelve month high of $17.87.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.52 annualized dividend and a yield of 9.44%. Ares Capital Corporation’s dividend payout ratio (DPR) is currently 120.63%.

A number of hedge funds have recently modified their holdings of ARCC. Round Table Services LLC lifted its holdings in shares of Ares Capital Corporation by 0.4% during the second quarter. Round Table Services LLC now owns 10,225 shares of the investment management company’s stock valued at $167,000 after acquiring an additional 39 shares during the period. Alpha Omega Wealth Management LLC lifted its holdings in shares of Ares Capital Corporation by 1.7% during the second quarter. Alpha Omega Wealth Management LLC now owns 12,184 shares of the investment management company’s stock valued at $200,000 after acquiring an additional 199 shares during the period. Hudock Capital Group LLC lifted its holdings in shares of Ares Capital Corporation by 3.2% during the second quarter. Hudock Capital Group LLC now owns 6,500 shares of the investment management company’s stock valued at $106,000 after acquiring an additional 200 shares during the period. Honkamp Krueger Financial Services Inc. lifted its holdings in shares of Ares Capital Corporation by 2.0% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,472 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 260 shares during the period. Finally, M&R Capital Management Inc. lifted its holdings in shares of Ares Capital Corporation by 2.8% during the second quarter. M&R Capital Management Inc. now owns 11,755 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 320 shares during the period. 45.28% of the stock is owned by hedge funds and other institutional investors.

About Ares Capital Corporation

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.

Earnings History and Estimates for Ares Capital Corporation (NASDAQ:ARCC)

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