With 3.29 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.7 million shares. The 52-week range on ARCC shows that it touched its highest point at $23.84 and its lowest point at $19.32 during that stretch. It currently has a 1-year price target of $23.25. With its current market cap of 15.71 billion, ARCC has annualized dividend of $1.92 while the current yield stands at 8.21%. Beta for the stock currently stands at 1.06.
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 ARCC was up-trending over the past week, with a rise of 2.14%, but this was up by 0.13% over a month. Three-month performance surged to 8.79% while six-month performance rose 12.28%. The stock gained 16.13% in the past year, while it has gained 6.90% so far this year. A look at the trailing 12-month EPS for ARCC yields 2.44 with Next year EPS estimates of 2.13. For the next quarter, that number is 0.54. This implies an EPS growth rate of -7.17% for this year and -1.33% for next year.
Float and Shares Shorts:
At present, 671.48 million ARCC shares are outstanding with a float of 665.85 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARCC since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.38096 being high and $2.34111 being low. For ARCC, this leads to a yearly average estimate of $2.35107. Based on analyst estimates, the high estimate for the next quarter is $0.55 and the low estimate is $0.53. The average estimate for the next quarter is thus $0.54.
