Ares Management (ARES) Given Daily Coverage Optimism Score of 0.18
Press coverage about Ares Management (NYSE:ARES) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ares Management earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.5254212176313 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s analysis:
- S&P Downgrades Guitar Center Rating to CCC- (ww2.cfo.com)
- Ares Management LP breached its 50 day moving average in a Bearish Manner : ARES-US : November 30, 2017 (finance.yahoo.com)
- Ares Management LP : Energy Infrastructure Funds Divest Operating Coal Portfolio (4-traders.com)
- Ares Management’s Energy Infrastructure Funds Divest Operating Coal Portfolio – Business Wire (press release) (businesswire.com)
- Ares Management’s Energy Infrastructure Funds Divest Operating Coal Portfolio (finance.yahoo.com)
A number of brokerages recently issued reports on ARES. TheStreet downgraded Ares Management from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. BidaskClub upgraded Ares Management from a “hold” rating to a “buy” rating in a research report on Saturday, November 11th. Royal Bank Of Canada reiterated a “buy” rating on shares of Ares Management in a research report on Friday, November 3rd. Zacks Investment Research upgraded Ares Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, October 9th. Finally, Oppenheimer began coverage on Ares Management in a research report on Thursday, September 21st. They issued an “outperform” rating and a $18.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $21.00.
Shares of Ares Management (ARES) opened at $18.45 on Friday. Ares Management has a 1-year low of $15.75 and a 1-year high of $23.25. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.56. The company has a market cap of $1,549.68, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.75 and a beta of 1.23.
Ares Management (NYSE:ARES) last announced its earnings results on Friday, November 3rd. The asset manager reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. Ares Management had a net margin of 4.98% and a return on equity of 39.54%. The company had revenue of $283.67 million for the quarter, compared to analysts’ expectations of $286.76 million. During the same quarter in the previous year, the company posted $0.45 EPS. The firm’s quarterly revenue was down 15.4% on a year-over-year basis. analysts expect that Ares Management will post 1.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.41 dividend. This is a positive change from Ares Management’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, November 16th. This represents a $1.64 annualized dividend and a dividend yield of 8.89%. Ares Management’s dividend payout ratio is 292.86%.
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About Ares Management
Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.
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