Ares Capital Corporation (ARCC)
| Market Cap | 11.41B |
| Revenue (ttm) | 2.55B |
| Net Income (ttm) | 1.28B |
| Shares Out | 569.44M |
| EPS (ttm) | 2.30 |
| PE Ratio | 8.71 |
| Forward PE | 8.35 |
| Dividend | $1.92 (9.59%) |
| Ex-Dividend Date | Dec 14, 2023 |
| Volume | 3,586,932 |
| Open | 20.08 |
| Previous Close | 20.08 |
| Day's Range | 19.99 - 20.09 |
| 52-Week Range | 16.95 - 20.21 |
| Beta | 1.03 |
| Analysts | Buy |
| Price Target | 20.54 (+2.55%) |
| Earnings Date | Feb 6, 2024 |
About ARCC
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaura... [Read more]
Financial Performance
In 2022, Ares Capital's revenue was $2.10 billion, an increase of 15.16% compared to the previous year's $1.82 billion. Earnings were $600.00 million, a decrease of -61.71%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for ARCC stock is "Buy." The 12-month stock price forecast is $20.54, which is an increase of 2.55% from the latest price.
News
Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says
Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development companies covered by Fitch Ratings, amid expectations that the sector wi...
Ares Capital Corporation Appoints Scott Lem as Chief Financial Officer
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Ares Capital's Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appo...
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BetterInvesting™ Magazine Update on Gentex Corp. and Ares Capital Corp.
TROY, Mich. , Oct. 30, 2023 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Gentex Corp. (NASDAQ:GNTX) as its "Stock to Study" and Ar...
Ares Capital Corporation Announces September 30, 2023 Financial Results and Declares Fourth Quarter 2023 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a fourth quarter 2023 dividend of $0.48 per share. The fourth qua...
Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2023
NEW YORK, NY / ACCESSWIRE / October 2, 2023 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the third quarter ended September 30, 2023 on Tue...
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Ares Capital Corporation Prices Public Offering of $600 Million 7.000% Unsecured Notes Due 2027
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027. ...
Ares Capital Corporation Announces June 30, 2023 Financial Results and Declares Third Quarter 2023 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a third quarter 2023 dividend of $0.48 per share. The third quart...
Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2023
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the second quarter ended June 30, 2023 on Tuesday, July 25, 2023 pr...
Ares Capital Corporation Announces March 31, 2023 Financial Results and Declares Second Quarter 2023 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a second quarter 2023 dividend of $0.48 per share. The second qua...
Ares Capital Corporation Schedules Earnings Release for the First Quarter Ended March 31, 2023
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the first quarter ended March 31, 2023 on Tuesday, April 25, 2023 p...
Ares Capital stock: How safe is ARCC's 10.5% dividend yield?
Ares Capital (NASDAQ: ARCC) stock price has recovered modestly from its lowest point in March. The stock ended the month at $18.28, ~7.4% above the lowest point in 2023.
Ares Capital Corporation to Present at the 2023 RBC Capital Markets Global Financial Institutions Conference
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Kort Schnabel, Ares Capital's Co-President, is scheduled to present at the 2023 RBC Capital Mark...
Ares Capital Corporation to Present at the Raymond James 44th Annual Institutional Investors Conference
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Kort Schnabel, Ares Capital's Co-President, and Penni Roll, Ares Capital's Chief Financial Offic...
Ares Capital Corporation to Present at the BofA Securities 2023 Financial Services Conference
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ:ARCC) announced today that Kipp deVeer, Ares Capital's Chief Executive Officer, is scheduled to present at the BofA Securit...
Ares Capital Corporation Announces December 31, 2022 Financial Results and Declares First Quarter 2023 Dividend of $0.48 Per Share
Ares Capital Corporation Announces December 31, 2022 Financial Results and Declares First Quarter 2023 Dividend of $0.48 Per Share
Ares Capital Corporation Announces Tax Reporting Information for Calendar Year 2022
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital” or the “Company”) (NASDAQ:ARCC) announced today the tax treatment of the Company's 2022 common stock distributions (CUSIP #: 04010...
Ares Capital Corporation Appoints Jana Markowicz as Chief Operating Officer
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Jana Markowicz was appointed as its Chief Operating Officer (COO). In this newly created role...
Ares Capital Corporation Prices Public Offering
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced a public offering of 10,500,000 shares of its common stock. The offering was upsized from its previous...
Ares Capital Corporation Announces Public Offering
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it plans to make a public offering of 9,000,000 shares of its common stock. Ares Capital also plans to grant the und...
Ares Capital Corporation Schedules Earnings Release for the Fourth Quarter and Fiscal Year Ended December 31, 2022
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the fourth quarter and fiscal year ended December 31, 2022 on Tue...
Ares Capital Corporation Appoints Kort Schnabel as Co-President and Michael Smith Joins Board of Directors
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Kort Schnabel was appointed as Co-President.