Ares Management (NYSE:ARES) issued its quarterly earnings data on Thursday. The asset manager reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02), MarketWatch Earnings reports. Ares Management had a return on equity of 28.58% and a net margin of 5.95%. During the same period last year, the firm earned $0.39 EPS.
Ares Management stock opened at $24.48 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.31 and a beta of 1.60. Ares Management has a fifty-two week low of $16.18 and a fifty-two week high of $24.88.
Several equities analysts recently issued reports on ARES shares. Goldman Sachs Group raised Ares Management from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Friday, January 4th. ValuEngine cut Ares Management from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Zacks Investment Research raised Ares Management from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $25.00.
TRADEMARK VIOLATION WARNING: This piece was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://weekherald.com/2019/05/03/ares-management-ares-announces-quarterly-earnings-results-misses-estimates-by-0-02-eps.html.
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.
Recommended Story: How does a reverse stock split work?
Receive News & Ratings for Ares Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Management and related companies with MarketBeat.com's FREE daily email newsletter.