Ares Capital Corporation (ARCC)
| 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...]
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 StatementsAnalyst 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.
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...
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EBC, FHB, UBSI, ARCC and CGBD have been added to the Zacks Rank #1 (Strong Buy) List on September 1, 2022.
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...
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.
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...
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...
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.
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?
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...
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...
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?
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.
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?
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...
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.
3 Stocks to Buy to Battle Rapidly Rising Interest Rates
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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...
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...
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?
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...
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 &...
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...
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.