Ares Capital Corporation (ARCC)

Market Cap	12.39B
Revenue (ttm)	2.61B
Net Income (ttm)	1.52B
Shares Out	606.78M
EPS (ttm)	2.68
PE Ratio	7.62
Forward PE	8.44
Dividend	$1.92 (9.40%)
Ex-Dividend Date	Mar 14, 2024

Volume	1,976,637
Open	20.33
Previous Close	20.33
Day's Range	20.26 - 20.45
52-Week Range	17.53 - 20.86
Beta	1.03
Analysts	Buy
Price Target	20.83 (+2.01%)
Earnings Date	May 1, 2024

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: 2,800
• Stock Exchange: NASDAQ
• Ticker Symbol: ARCC

Financial Performance

In 2023, Ares Capital's revenue was $2.61 billion, an increase of 24.71% compared to the previous year's $2.10 billion. Earnings were $1.52 billion, an increase of 153.67%.

Analyst Forecast

According to 6 analysts, the average rating for ARCC stock is "Buy." The 12-month stock price forecast is $20.83, which is an increase of 2.01% from the latest price.

Price Target

$20.83

(2.01% upside)

Analyst Consensus: Buy