Ares Management (ARES) Expected to Announce Quarterly Earnings on Wednesday

Ares Management (NYSE:ARES - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Ares Management to post earnings of $1.35 per share and revenue of $1.23 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Ares Management (NYSE:ARES - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $833.58 million. Ares Management had a return on equity of 19.89% and a net margin of 12.51%. During the same quarter last year, the business earned $0.83 EPS. On average, analysts expect Ares Management to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Ares Management Stock Performance

Shares of Ares Management stock traded up $0.11 during trading on Friday, reaching $198.19. The company's stock had a trading volume of 1,139,454 shares, compared to its average volume of 843,987. Ares Management has a 52 week low of $119.76 and a 52 week high of $199.94. The firm has a market cap of $62.05 billion, a PE ratio of 91.33, a P/E/G ratio of 1.47 and a beta of 1.18. The business's 50-day moving average price is $182.03 and its 200-day moving average price is $164.05. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In related news, insider R. Kipp Deveer sold 115,838 shares of Ares Management stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $177.83, for a total transaction of $20,599,471.54. Following the sale, the insider now directly owns 1,259,162 shares in the company, valued at $223,916,778.46. This trade represents a 8.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan Berry sold 1,671 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $175.00, for a total transaction of $292,425.00. Following the completion of the transaction, the insider now owns 253,214 shares of the company's stock, valued at approximately $44,312,450. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 574,167 shares of company stock worth $99,996,647 in the last three months. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ARES has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of Ares Management from $136.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. UBS Group raised their price objective on Ares Management from $158.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Ares Management from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their price target on Ares Management from $170.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Ares Management from $212.00 to $207.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $176.08.

Ares Management Company Profile

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.