Ares Management Corporation (ARES) is set to release its latest quarterly earnings on Thursday, April 30th, with a consensus estimate EPS of 1.33.
Currently, ARES is trading at $110.28, showing a price decrease of $1.9 (-1.69%) from the previous close of $112.18. The trading volume stands at $814,475, representing a 19.18% increase relative to the average volume.
In the previous quarterly earnings report on Wednesday, February 4th, ARES achieved an EPS of 1.71 against the consensus estimate. However, specific revenue figures are not available.
Ares Management offers a forward dividend yield of 4.9%, with a dividend per share MRQ of $1.35 and a total of $4.71 over the trailing twelve months.
The company experienced a net change in cash of -$51.98 million, ending the period with $1.45 billion in cash. Operating cash flow was -$2.13 billion, impacted by acquisitions and debt repayment.
ARES reported a revenue of $1.77 billion with a gross profit of $1.28 billion. The net income for the period was $54.25 million, resulting in an EPS of 13 cents.
Key ratios for ARES include a gross profit margin of 72.65%, a return on equity of 1.27, and a price-to-earnings ratio of 164.72.
The balance sheet shows total assets of $28.99 billion, total liabilities of $20.29 billion, and net debt of $13.41 billion.
This report provides insights into Ares Management Corporation's recent performance and upcoming earnings expectations, aiding investors in making informed decisions.
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. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.