Ares Capital Corporation (ARCC)

NASDAQ: ARCC · IEX Real-Time Price · USD
17.05
+0.08 (0.47%)
At close: Sep 27, 2022 4:00 PM
17.10
+0.05 (0.29%)
After-hours: Sep 27, 2022 5:30 PM EDT
0.47%
Market Cap 8.62B
Revenue (ttm) 1.89B
Net Income (ttm) 1.04B
Shares Out 505.44M
EPS (ttm) 2.20
PE Ratio 7.75
Forward PE 8.35
Dividend $1.34 (7.86%)
Ex-Dividend Date Sep 14, 2022
Volume 4,012,818
Open 17.11
Previous Close 16.97
Day's Range 16.90 - 17.62
52-Week Range 16.90 - 23.00
Beta 1.01
Analysts Buy
Price Target 21.97 (+28.9%)
Earnings Date Oct 24, 2022

About ARCC

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaura... [Read more...]

Industry Capital Markets
IPO Date Oct 6, 2004
CEO Robert deVeer
Country United States
Stock Exchange NASDAQ
Ticker Symbol ARCC
Full Company Profile

Financial Performance

In 2021, Ares Capital's revenue was $1.82 billion, an increase of 20.45% compared to the previous year's $1.51 billion. Earnings were $1.57 billion, an increase of 223.76%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for ARCC stock is "Buy." The 12-month stock price forecast is 21.97, which is an increase of 28.86% from the latest price.

Price Target
$21.97
(28.86% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Here's Why Ares Capital (ARCC) Looks Ripe for Bottom Fishing

After losing some value lately, a hammer chart pattern has been formed for Ares Capital (ARCC), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revi...

1 day ago - Zacks Investment Research

Fight a Hawkish Fed With These 3 Top Financial Stocks

A hawkish Fed is bad news for many stocks. Still, those in the financial sector can realize higher profit margins.

Other symbols: OZKUNM
1 week ago - Zacks Investment Research

Best Momentum Stocks to Buy for September 1st

KEYS and ARCC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 1, 2022.

Other symbols: KEYS
3 weeks ago - Zacks Investment Research

New Strong Buy Stocks for September 1st

EBC, FHB, UBSI, ARCC and CGBD have been added to the Zacks Rank #1 (Strong Buy) List on September 1, 2022.

Other symbols: CGBDEBCFHBUBSI
3 weeks ago - Zacks Investment Research

3 Stocks From the Thriving SBIC & Commercial Finance Industry

Higher rates, decent economic growth, robust asset quality and regulatory changes will keep aiding the Zacks SBIC & commercial finance industry players like Ares Capital (ARCC), Golub Capital (GBDC) and...

Other symbols: GBDCHTGC
1 month ago - Zacks Investment Research

What Makes Ares Capital (ARCC) a New Buy Stock

Ares Capital (ARCC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

1 month ago - Zacks Investment Research

Ares Capital Corporation Prices Public Offering

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 8,000,000 shares of its common stock. Ares Capital has granted the underwriters an op...

1 month ago - Business Wire

Ares Capital Corporation Announces Public Offering

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it plans to make a public offering of 8,000,000 shares of its common stock. Ares Capital also plans to grant the underwr...

1 month ago - Business Wire

Ares Capital (ARCC) Stock Rises on Q2 Earnings Beat, Costs Dip

Ares Capital (ARCC) records a rise in total investment income and lower expenses in the second quarter of 2022.

2 months ago - Zacks Investment Research

Ares Capital (ARCC) Tops Q2 Earnings and Revenue Estimates

Ares Capital (ARCC) delivered earnings and revenue surprises of 20.93% and 2.49%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Ares Capital Corporation Announces June 30, 2022 Financial Results and Declares Third Quarter 2022 Dividend of $0.43 ...

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a third quarter dividend of $0.43 per share. The third quarter divi...

2 months ago - Business Wire

Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2022

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the second quarter ended June 30, 2022 on Tuesday, July 26, 2022 prio...

2 months ago - Business Wire

Why Is Ares Capital (ARCC) Down 8.1% Since Last Earnings Report?

Ares Capital (ARCC) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

Ares Capital (ARCC) Stock Down on Q1 Earnings Miss, Costs Dip

Ares Capital (ARCC) records a rise in total investment income and lower expenses in the first quarter of 2022.

5 months ago - Zacks Investment Research

Ares Capital (ARCC) Q1 Earnings and Revenues Miss Estimates

Ares Capital (ARCC) delivered earnings and revenue surprises of -12.77% and 9.96%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Ares Capital Corporation Announces March 31, 2022 Financial Results and Declares Second Quarter 2022 Dividend of $0.4...

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a second quarter dividend of $0.42 per share. The second quarter di...

5 months ago - Business Wire

What's in the Cards for Ares Capital (ARCC) in Q1 Earnings?

Ares Capital's (ARCC) first-quarter 2022 results are expected to reflect the favorable impacts of an anticipated rise in interest income from investments.

5 months ago - Zacks Investment Research

3 Stocks to Buy to Battle Rapidly Rising Interest Rates

Here are three top stocks to buy for investors concerned about what this rising interest rate environment could mean for their portfolio. The post 3 Stocks to Buy to Battle Rapidly Rising Interest Rates...

Other symbols: ABCOST
5 months ago - InvestorPlace

Ares Capital Corporation Increases and Extends Its Revolving Credit Facility

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it has increased commitments under its Revolving Credit Facility (the “Facility”) to approximatel...

5 months ago - Business Wire

Ares Capital Corporation Schedules Earnings Release for the First Quarter Ended March 31, 2022

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the first quarter ended March 31, 2022 on Tuesday, April 26, 2022 pri...

5 months ago - Business Wire

Why Is Ares Capital (ARCC) Down 7.3% Since Last Earnings Report?

Ares Capital (ARCC) reported earnings 30 days ago. What's next for the stock?

6 months ago - Zacks Investment Research

Ares Capital Corporation Appoints Mary Beth Henson to its Board of Directors

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Mary Beth Henson has joined its Board of Directors (the “Board”) as an independent director. The B...

6 months ago - Business Wire

Ares Capital Corporation to Present at the Raymond James 43rd Annual Institutional Investors Conference

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Penni Roll, Ares Capital's Chief Financial Officer, is scheduled to present at the Raymond James &...

6 months ago - Business Wire

Ares Capital Corporation to Present at the 2022 RBC Capital Markets Financial Institutions Virtual Conference

NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Kipp deVeer, Ares Capital's Chief Executive Officer, is scheduled to present at the RBC Capital Ma...

6 months ago - Business Wire

Ares Capital (ARCC) Q4 Earnings Beat Estimates, Stock Down 1.2%

Increase in total investment income and strong portfolio activity support Ares Capital's (ARCC) Q4 results.

7 months ago - Zacks Investment Research