Ares Capital Corporation

ARCC

US04010L1035

Closed End Funds

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
20.78 ^USD	-0.10%		-0.34%	+3.74%

May. 02	B. Riley Securities Lifts Ares Capital's PT to $20.50 From $20, Keeps Neutral Rating	MT
May. 02	Oppenheimer Adjusts Ares Capital Price Target to $22 From $21	MT

Ares Capital Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 24, 2023 at 06:12 am EDT

Ares Capital Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 655 million compared to USD 537 million a year ago. Net income was USD 500 million compared to USD 104 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.21 a year ago.
For the nine months, revenue was USD 1,907 million compared to USD 1,456 million a year ago. Net income was USD 1,109 million compared to USD 426 million a year ago. Basic earnings per share from continuing operations was USD 2.03 compared to USD 0.86 a year ago. Diluted earnings per share from continuing operations was USD 1.98 compared to USD 0.86 a year ago.

Latest news about Ares Capital Corporation

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
Transcript : Ares Capital Corporation, Q1 2024 Earnings Call, May 01, 2024	May. 01
Ares Capital's Q1 Core Earnings, Total Investment Income Rise	May. 01	MT
Earnings Flash (ARCC) ARES CAPITAL CORPORATION Reports Q1 EPS $0.59	May. 01	MT
Ares Capital Corporation Declares Dividend for the Second Quarter 2024, Payable on June 28, 2024	May. 01	CI
Ares Capital Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 01	CI
North American Morning Briefing : Traders Wait for -2-	May. 01	DJ
Ares Capital Corporation Amends and Restates Its Senior Secured Credit Facility	Apr. 17	CI
Ares Management Insider Sold Shares Worth $6,485,848, According to a Recent SEC Filing	Apr. 17	MT
Ares Capital Jb Funding LLC and Ares Capital Corporation Entered into an Amendment to the Documents Governing Revolving Funding Facility	Apr. 03	CI
Ares Management Insider Sold Shares Worth $11,350,158, According to a Recent SEC Filing	Apr. 03	MT
Ares Capital Corporation Announces Board Changes	Mar. 06	CI
Transcript : Ares Capital Corporation Presents at 2024 RBC Capital Markets Financial Institutions Conference, Mar-06-2024 02:40 PM	Mar. 06
Transcript : Ares Capital Corporation Presents at UBS Financial Services Conference 2024, Feb-27-2024 12:10 PM	Feb. 27
Transcript : Ares Capital Corporation Presents at Bank of America Securities Financial Services Conference 2024, Feb-21-2024 12:50 PM	Feb. 21
Ares Management Corp overtakes long-time rival Carlyle	Feb. 08	MT
UBS Adjusts Ares Capital Price Target to $21 From $20, Maintains Neutral Rating	Feb. 08	MT
B. Riley Trims Ares Capital's Price Target to $20 From $21, Keeps Neutral Rating	Feb. 08	MT
Transcript : Ares Capital Corporation, Q4 2023 Earnings Call, Feb 07, 2024	Feb. 07
Sector Update: Financial Stocks Gain Pre-Bell Wednesday	Feb. 07	MT
Ares Capital's Q4 Core Earnings Flat, Total Investment Income Rises	Feb. 07	MT
Earnings Flash (ARCC) ARES CAPITAL CORPORATION Reports Q4 EPS $0.63	Feb. 07	MT
Ares Capital Corporation Declares First Quarter Dividend, Payable on March 29, 2024	Feb. 07	CI

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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.

Sector

Closed End Funds

Calendar

2024-05-10 - Annual General Meeting

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Ratings for Ares Capital Corporation

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

20.78 USD

Average target price

21.96 USD

Spread / Average Target

+5.70%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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Closed End Funds