News stories about Ares Management (NYSE:ARES) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ares Management earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 44.9166643828965 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
A number of equities analysts have weighed in on ARES shares. Zacks Investment Research cut shares of Ares Management from a “hold” rating to a “sell” rating in a research report on Monday, March 5th. Credit Suisse Group reaffirmed an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Ares Management in a report on Wednesday, January 10th. They noted that the move was a valuation call. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 target price (up previously from $20.00) on shares of Ares Management in a report on Thursday, March 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $24.00 target price on shares of Ares Management in a report on Thursday, January 11th. Finally, ValuEngine raised shares of Ares Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.50.
Shares of Ares Management stock traded down $0.65 during trading hours on Friday, reaching $20.90. 376,060 shares of the company’s stock were exchanged, compared to its average volume of 690,067. Ares Management has a 1 year low of $17.25 and a 1 year high of $25.95. The firm has a market capitalization of $1,783.45, a price-to-earnings ratio of 10.83, a PEG ratio of 1.32 and a beta of 1.30. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.65.
Ares Management (NYSE:ARES) last released its earnings results on Thursday, February 15th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. Ares Management had a net margin of 5.38% and a return on equity of 40.87%. The business had revenue of $356.30 million during the quarter, compared to analyst estimates of $376.37 million. The business’s revenue was down .5% compared to the same quarter last year. research analysts anticipate that Ares Management will post 1.7 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a $0.093 dividend. The ex-dividend date of this dividend is Friday, April 13th. Ares Management’s dividend payout ratio is currently 82.90%.
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Ares Management Company Profile
Ares Management, L.P. 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.
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