Ares Capital Corporation [ARCC] has traded in a range of $7.90 to $19.33 in the last 1 year. As of this writing, the stock is at $14.02, down -0.05%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, ARCC shares are -1.06% down with the monthly amount drift of -0.14% and seems bad in a long time frame.

On 1, October 2020, Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2020. According to news published on Yahoo Finance, Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the third quarter ended September 30, 2020 on Tuesday, October 27, 2020 prior to the opening of the Nasdaq Global Select Market. Ares Capital invites all interested persons to attend its webcast/conference call at 12:00 p.m. (Eastern Time) on the same day to discuss its third quarter ended September 30, 2020 financial results.

Analyst Birdseye View:

The most recent analyst activity for Ares Capital Corporation [NASDAQ:ARCC] stock was on April 13, 2020, when it was Upgrade with a Buy rating from BofA/Merrill, which also raised its 12-month price target on the stock to $16. Before that, on April 16, 2020, Raymond James Recapitulated an Outperform rating and elevated its amount target to $14. On April 02, 2020, Compass Point Upgrade a Buy rating and boosted its price target on this stock to $13. On November 12, 2019, RBC Capital Mkts Initiated an Outperform rating and increased its price target to $20. On October 22, 2019, Raymond James Downgrade a Mkt perform rating. On August 23, 2019, Compass Point Downgrade a Neutral rating. On August 19, 2019, BMO Capital Markets Upgrade an Outperform rating and boosted its target amount on this stock from $19 to $20. On August 23, 2018, Citigroup Initiated a Buy rating and improved its amount target to $19.

In the past 52 weeks of trading, this stock has oscillated between a low of $7.90 and a peak of $19.33. Right now, according to Wall Street analyst the average 12-month amount target is $15.91. At the most recent market close, shares of Ares Capital Corporation [NASDAQ:ARCC] were valued at $14.02. According to the average price forecast, investors can expect a potential return of 0.75%.

FUNDAMENTAL ANALYSIS

Ares Capital Corporation [NASDAQ:ARCC] most recently reported quarterly sales of 359.0 billion, which represented growth of -8.40%. This publicly-traded organization’s revenue is $1,168,333 per employee, while its income is $660,833 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.71, 10.74, 5.58 and 5.92 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 48.81 and the whole liability to whole assets at 47.77. It shows enduring liability to the whole principal at 48.65 and enduring liability to assets at 0.48 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 13.95 points at 1st support level, the second support level is making up to 13.88. But as of 1st resistance point, this stock is sitting at 14.15 and at 14.27 for 2nd resistance point.

Ares Capital Corporation [ARCC] reported its earnings at $0.39 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.38/share signifying the difference of 0.01 and 2.60% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.41 calling estimates for $0.43/share with the difference of -0.02 depicting the surprise of -4.70%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 5.68, it’s amount to book ratio is 1.08 and showing 136.21 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Smith Michael Lewis, Co-President, and it was the purchase of 35000.0 shares on Sep 14. SIEGEL ERIC B, the Director, completed a purchase of 1816.0 shares on Sep 11. On Sep 11, PARKS MICHAEL K, Director, completed a purchase of 2500.0 shares.