Ares Management LP Unit (NYSE:ARES) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 1st. Analysts expect Ares Management LP Unit to post earnings of $0.39 per share for the quarter.
Ares Management LP Unit (NYSE:ARES) last released its quarterly earnings data on Thursday, August 2nd. The asset manager reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Ares Management LP Unit had a return on equity of 30.98% and a net margin of 8.70%. The business had revenue of $204.20 million for the quarter, compared to analysts’ expectations of $320.11 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Ares Management LP Unit’s quarterly revenue was down 63.1% compared to the same quarter last year. On average, analysts expect Ares Management LP Unit to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
ARES opened at $19.41 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.41. Ares Management LP Unit has a 52-week low of $18.00 and a 52-week high of $25.95. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25.
In other news, CFO Michael R. Mcferran bought 7,500 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was acquired at an average cost of $21.21 per share, for a total transaction of $159,075.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Ares Management LP Unit Company Profile
Ares Management, L.P. 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.
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