Ares Management (ARES) Scheduled to Post Quarterly Earnings on Thursday

Ares Management (NYSE:ARES) is set to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ares Management (NYSE:ARES) last released its quarterly earnings results on Thursday, February 8th. The asset manager reported $1.21 EPS for the quarter, topping the consensus estimate of $1.10 by $0.11. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $862.71 million. Ares Management had a return on equity of 21.01% and a net margin of 13.06%. During the same quarter last year, the business posted $1.21 earnings per share. 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 Down 1.4 %

ARES opened at $133.01 on Wednesday. The firm has a market cap of $41.18 billion, a P/E ratio of 55.65, a P/E/G ratio of 1.01 and a beta of 1.17. Ares Management has a 12 month low of $77.97 and a 12 month high of $139.48. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average of $133.08 and a 200 day moving average of $121.24.

Ares Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Ares Management’s previous quarterly dividend of $0.77. Ares Management’s payout ratio is 155.65%.

Wall Street Analyst Weigh In

ARES has been the topic of several research analyst reports. Morgan Stanley increased their price objective on Ares Management from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upped their target price on Ares Management from $119.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Barclays lowered their target price on Ares Management from $157.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, April 8th. JMP Securities restated a “market perform” rating on shares of Ares Management in a report on Tuesday, April 9th. Finally, Royal Bank of Canada upped their target price on Ares Management from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $126.17.

Insider Activity at Ares Management

In related news, Chairman Antony P. Ressler sold 143,569 shares of Ares Management stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $131.51, for a total value of $18,880,759.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ares Management news, CEO Michael J. Arougheti sold 74,585 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $132.97, for a total value of $9,917,567.45. Following the completion of the transaction, the chief executive officer now owns 1,375,000 shares in the company, valued at $182,833,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Antony P. Ressler sold 143,569 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $131.51, for a total transaction of $18,880,759.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,494,440 shares of company stock worth $199,049,946. Insiders own 41.89% of the company’s stock.

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.