Ares Management (ARES) to Release Earnings on Thursday

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

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

Shares of ARES stock opened at $135.90 on Thursday. The company’s 50 day moving average is $133.13 and its 200 day moving average is $120.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. Ares Management has a 52-week low of $77.97 and a 52-week high of $139.48. The firm has a market cap of $42.07 billion, a price-to-earnings ratio of 56.86, a PEG ratio of 0.99 and a beta of 1.17.

Ares Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.93 dividend. This is a positive change from Ares Management’s previous quarterly dividend of $0.77. This represents a $3.72 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, March 14th. Ares Management’s payout ratio is currently 155.65%.

Insider Buying and Selling at Ares Management

In other Ares Management news, insider R. Kipp Deveer sold 80,637 shares of Ares Management stock in a transaction on Friday, February 16th. The shares were sold at an average price of $135.25, for a total value of $10,906,154.25. Following the completion of the transaction, the insider now owns 1,116,676 shares of the company’s stock, valued at $151,030,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider R. Kipp Deveer sold 80,637 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $135.25, for a total transaction of $10,906,154.25. Following the completion of the sale, the insider now owns 1,116,676 shares of the company’s stock, valued at $151,030,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David B. Kaplan sold 39,088 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $132.47, for a total transaction of $5,177,987.36. Following the sale, the insider now directly owns 210,912 shares of the company’s stock, valued at approximately $27,939,512.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,494,440 shares of company stock valued at $199,049,946. Corporate insiders own 47.34% of the company’s stock.

Wall Street Analyst Weigh In

ARES has been the topic of several analyst reports. UBS Group lifted their price target on shares of Ares Management from $156.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Barclays cut their price target on shares of Ares Management from $157.00 to $153.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. Royal Bank of Canada lifted their price objective on shares of Ares Management from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. JMP Securities reiterated a “market perform” rating on shares of Ares Management in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Ares Management from $112.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.17.

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.