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Ares Capital Corporation (ARCC)

Stock Price: $14.80 USD -0.20 (-1.33%)
Updated Aug 13, 2020 4:00 PM EDT - Market closed
After-hours: $14.86 +0.06 (0.41%) Aug 13, 5:09 PM

Stock Price Chart

Key Info

Market Cap 6.25B
Revenue (ttm) 1.49B
Net Income (ttm) 44.00M
Shares Out 422.62M
EPS (ttm) 0.10
PE Ratio 148.00
Forward PE 9.32
Dividend $1.60
Dividend Yield 10.81%

Stock Quote

Trading Day Aug 13, 2020
Last Price $14.80
Previous Close $15.00
Change ($) -0.20
Change (%) -1.33%
Day's Open 14.99
Day's Range 14.75 - 15.08
Day's Volume 2,254,626
52-Week Range 7.90 - 19.33

More Stats

Market Cap 6.25B
Enterprise Value 13.46B
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date Jun 12, 2020
Shares Outstanding 422.62M
Float n/a
EPS (basic) 0.12
EPS (diluted) 0.10
FCF / Share -2.08
Dividend $1.60
Dividend Yield 10.81%
Earnings Yield 0.68%
FCF Yield n/a
Payout Ratio n/a
Shares Short 7.27M
Short Ratio 4.11
Short % of Float 1.83%
Beta 1.17
PE Ratio 148.00
Forward PE 9.32
P/FCF Ratio n/a
PS Ratio 4.19
PB Ratio 0.95
Revenue 1.49B
Operating Income 1.13B
Net Income 44.00M
Free Cash Flow -878.00M
Net Cash -7.21B
Net Cash / Share -17.06
Gross Margin 102.41%
Operating Margin 75.74%
Profit Margin 2.90%
FCF Margin -58.85%
ROA 4.98%
ROE 0.63%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (16)

Buy 14
Overweight 1
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

(6.96% upside)
Current: $14.80
Target: 15.83
*Average 12-month price target from 16 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Revenue Growth14.29%15.26%14.62%-1.27%3.64%12.17%17.87%17.89%31.26%-
Gross Profit1,163995844757797713655535451355
Operating Income1,118953755701753672616503412301
Net Income793858667474379591489508319692
Shares Outstanding427426425314314305267230205177
Earnings Per Share1.862.011.571.511.201.941.832.211.563.91
EPS Growth-7.46%28.03%3.97%25.83%-38.14%6.01%-17.19%41.67%-60.1%-
Dividend Per Share1.681.541.521.521.571.571.571.601.411.40
Dividend Growth9.09%1.32%0%-3.18%0%0%-1.88%13.48%0.71%-
Operating Cash Flow-1,210304-2,048707360-659-1,298-251-397-656
Free Cash Flow-1,210304-2,048707360-659-1,298-251-397-656
Cash & Equivalents176296316223257195150269121101
Total Debt7,0925,2474,8543,8744,1143,9242,9862,1962,0741,379
Net Cash / Debt-6,916-4,951-4,538-3,651-3,857-3,730-2,837-1,927-1,953-1,278
Book Value7,4677,3007,0985,1655,1735,2844,9043,9883,1473,051
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Ares Capital Corporation
Country United States
CEO R. Kipp deVeer

Stock Information

Ticker Symbol ARCC
Stock Exchange NASDAQ
Sector Financial Services
Industry Asset Management
Unique Identifier NASDAQ: ARCC
IPO Date October 6, 2004


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 restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.