Ares Capital Corporation

ARCC

US04010L1035

Closed End Funds

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-04 pm EST			After market 05:04:29 pm
22.10 ^USD	-0.36%		22.24	+0.61%

Dec. 02	Wells Fargo Upgrades Ares Capital to Overweight, Price Target is $23	MT
Nov. 18	UBS Adjusts Ares Capital Price Target to $22 From $21.50, Maintains Neutral Rating	MT

Ares Capital Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

July 25, 2023 at 06:18 am EDT

Ares Capital Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 634 million compared to USD 479 million a year ago. Net income was USD 331 million compared to USD 111 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 0.22 a year ago.
For the six months, revenue was USD 1,252 million compared to USD 919 million a year ago. Net income was USD 609 million compared to USD 322 million a year ago. Basic earnings per share from continuing operations was USD 1.13 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 1.1 compared to USD 0.65 a year ago.

Latest news about Ares Capital Corporation

Wells Fargo Upgrades Ares Capital to Overweight, Price Target is $23	Dec. 02	MT
UBS Adjusts Ares Capital Price Target to $22 From $21.50, Maintains Neutral Rating	Nov. 18	MT
B. Riley Adjusts Ares Capital's Price Target to $22 From $21, Maintains Neutral Rating	Oct. 31	MT
Ares Capital Corporation, Q3 2024 Earnings Call, Oct 30, 2024	Oct. 30
Earnings Flash (ARCC) ARES CAPITAL CORPORATION Posts Q4 EPS $0.58	Oct. 30	MT
Ares Capital Corporation Announces Executive and Board Changes	Oct. 30	CI
Ares Capital Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	Oct. 30	CI
Ares Capital Corporation and Ares Capital CP Funding LLC Enter into Amendment to the Loan and Servicing Agreement	Oct. 11	CI
ETF of the week: Dare to invest in unlisted funds	Sep. 18
Ares Management Insider Sold Shares Worth $10,728,918, According to a Recent SEC Filing	Sep. 17	MT
Ares Management Insider Sold Shares Worth $3,791,691, According to a Recent SEC Filing	Sep. 05	MT
Ares Management Insider Sold Shares Worth $7,049,630, According to a Recent SEC Filing	Sep. 03	MT
UBS Trims Price Target on Ares Capital to $21.50 From $22, Maintains Neutral Rating	Aug. 23	MT
Ares Management Insider Sold Shares Worth $8,492,699, According to a Recent SEC Filing	Aug. 20	MT
ADMA Biologics, Inc. Announces Partial Paydown of Revolving Credit Facility	Aug. 14	CI
B. Riley Adjusts Price Target on Ares Capital to $21 From $20.50, Maintains Neutral Rating	Jul. 31	MT
Ares Capital Corporation, Q2 2024 Earnings Call, Jul 30, 2024	Jul. 30
Earnings Flash (ARCC) ARES CAPITAL CORPORATION Posts Q3 EPS $0.61	Jul. 30	MT
Ares Capital Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	Jul. 30	CI
Private credit boom drives Sixth Street hiring spree in Europe	Jun. 28	RE
Ares Capital Corporation - Analyst/Investor Day	May. 21
B. Riley Securities Lifts Ares Capital's PT to $20.50 From $20, Keeps Neutral Rating	May. 02	MT
Oppenheimer Adjusts Ares Capital Price Target to $22 From $21	May. 02	MT
Truist Adjusts Ares Capital's PT to $23 From $22 After 'Solid' Q1 Results, Keeps Buy Rating	May. 02	MT
Ares Capital Corporation, Q1 2024 Earnings Call, May 01, 2024	May. 01

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Company Profile

Ares Capital Corporation is a specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. The Company invests primarily in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position), and second lien senior secured loans. In addition to senior secured loans, it also invests in subordinated debt, which in some cases includes an equity component, and preferred equity. It also may invest up to 30% of its portfolio in non-qualifying assets. Its investment activities are focused on industries, such as software and services, health care services, commercial and professional services, financial services, commercial and professional services, insurance Services, energy, food and beverage and others. Its investment adviser is Ares Capital Management LLC.

Employees

Sector

Closed End Funds

Calendar

2024-12-12 - Détachement de

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