With 1.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.19 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $176.3 whereas the lowest price it dropped to was $171.1. The 52-week range on ARES shows that it touched its highest point at $175.74 and its lowest point at $105.89 during that stretch. It currently has a 1-year price target of $174.71. With its current market cap of 54.79 billion, ARES has annualized dividend of $3.56 while the current yield stands at 2.03%. ARES paid its most recent dividend on 1726444800, while the ex-dividend date for that was 1734393600. Beta for the stock currently stands at 1.20.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARES was up-trending over the past week, with a rise of 3.54%, but this was up by 4.56% over a month. Three-month performance surged to 19.05% while six-month performance rose 20.91%. The stock gained 62.23% in the past year, while it has gained 47.17% so far this year. A look at the trailing 12-month EPS for ARES yields 2.23 with Next year EPS estimates of 5.55. For the next quarter, that number is 1.32. This implies an EPS growth rate of 11.24% for this year and 36.66% for next year. EPS is expected to grow by 22.71% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 52.32%.
Float and Shares Shorts:
At present, 201.88 million ARES shares are outstanding with a float of 187.15 million shares on hand for trading. On 2024-10-31, short shares totaled 3.9 million, which was 192.99999 higher than short shares on 1727654400. In addition to Mr. Antony Peter Ressler as the firm’s Co-Founder & Executive Chairman, Mr. Michael J. Arougheti serves as its Co-Founder, CEO, President & Director.
Institutional Ownership:
Through their ownership of 0.83734 of ARES’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ARES reported revenue of $1431730000.0 and operating income of $576843000.0. The EBITDA in the recently reported quarter was $558038000.0 and diluted EPS was $0.55.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARES since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ARES analysts setting a high price target of 195.0 and a low target of 150.0, the average target price over the next 12 months is 174.38461. Based on these targets, ARES could surge 11.42% to reach the target high and fall by -14.29% to reach the target low. Reaching the average price target will result in a decline of -0.36% from current levels.
Analysts have provided yearly estimates in a range of $4.22614 being high and $3.95639 being low. For ARES, this leads to a yearly average estimate of $4.06629.
