Ares Capital Corporation (ARCC)

Market Cap	11.34B
Revenue (ttm)	2.55B
Net Income (ttm)	1.28B
Shares Out	569.44M
EPS (ttm)	2.30
PE Ratio	8.66
Forward PE	8.30
Dividend	$1.92 (9.64%)
Ex-Dividend Date	Dec 14, 2023

Volume	3,553,342
Open	19.83
Previous Close	19.82
Day's Range	19.77 - 19.94
52-Week Range	16.95 - 20.17
Beta	1.05
Analysts	Buy
Price Target	20.54 (+3.11%)
Earnings Date	Oct 24, 2023

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...

• Industry: Asset Management
• Sector: Financials
• IPO Date: Oct 6, 2004
• Employees: 2,550
• Stock Exchange: NASDAQ
• Ticker Symbol: ARCC

Financial Performance

In 2022, Ares Capital's revenue was $2.10 billion, an increase of 15.16% compared to the previous year's $1.82 billion. Earnings were $600.00 million, a decrease of -61.71%.

Analyst Forecast

According to 6 analysts, the average rating for ARCC stock is "Buy." The 12-month stock price forecast is $20.54, which is an increase of 3.11% from the latest price.

Price Target

$20.54

(3.11% upside)

Analyst Consensus: Buy