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Ares Capital Corporation (ARCC)

Stock Price: $16.97 USD 0.16 (0.92%)
Updated December 2, 11:22 AM EST - Market open

Stock Price Chart

Key Info

Market Cap 7.17B
Revenue (ttm) 1.46B
Net Income (ttm) 310.00M
Shares Out 423.00M
EPS (ttm) 0.73
PE Ratio 23.24
Forward PE 10.07
Dividend $1.60
Dividend Yield 9.43%

Stock Quote

Trading Day December 2
Last Price $16.97
Previous Close $16.81
Change ($) 0.16
Change (%) 0.92%
Day's Open 16.74
Day's Range 16.73 - 16.98
Day's Volume 490,082
52-Week Range 7.64 - 17.68

More Stats

Market Cap 7.17B
Enterprise Value 14.55B
Earnings Date (est) n/a
Ex-Dividend Date Sep 14, 2020
Shares Outstanding 423.00M
Float n/a
EPS (basic) 0.75
EPS (diluted) 0.73
FCF / Share -0.37
Dividend $1.60
Dividend Yield 9.43%
Earnings Yield 4.30%
FCF Yield n/a
Payout Ratio 216.00%
Shares Short 7.59M
Short Ratio 3.76
Short % of Float n/a
Beta 1.20
PE Ratio 23.24
Forward PE 10.07
P/FCF Ratio n/a
PS Ratio 4.92
PB Ratio 1.02
Revenue 1.46B
Operating Income 1.08B
Net Income 310.00M
Free Cash Flow -157.00M
Net Cash -7.38B
Net Cash / Share -17.47
Gross Margin 104.87%
Operating Margin 74.40%
Profit Margin 21.30%
FCF Margin -10.78%
ROA 4.61%
ROE 4.33%
ROIC 2.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (15)

Buy 14
Overweight 1
Hold 0
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$16.22*
(-4.39% downside)
Low
15.5
Current: $16.97
High
17.0
Target: 16.22
*Average 12-month price target from 15 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,5281,3371,1601,0121,025989882748634483
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
Assets14,90512,89512,3479,2459,5079,4988,1426,4015,3874,563
Liabilities7,4385,5955,2494,0804,3344,2143,2372,4132,2401,512
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 Robert deVeer

Stock Information

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

Description

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.