On Friday, Ares Management Corp (NYSE: ARES) was 0.69% up from the session before settling in for the closing price of $168.73. A 52-week range for ARES has been $96.00 – $171.14.
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During the last 5-year period, the sales growth of Financial Sector giant was 47.97%. When this article was written, the company’s average yearly earnings per share was at 12.85%. With a float of $186.58 million, this company’s outstanding shares have now reached $187.07 million.
Let’s determine the extent of company efficiency that accounts for 2850 employees. In terms of profitability, gross margin is 48.01%, operating margin of 29.68%, and the pretax margin is 39.06%.
Ares Management Corp (ARES) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Ares Management Corp stocks. The insider ownership of Ares Management Corp is 7.55%, while institutional ownership is 87.12%. The most recent insider transaction that took place on Oct 17 ’24, was worth 6,539,200. Before that another transaction happened on Oct 04 ’24, when Company’s Chief Mktg. & Strategy Officer sold 20,000 for $160.07, making the entire transaction worth $3,201,400. This insider now owns 344,202 shares in total.
Ares Management Corp (ARES) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.83 earnings per share (EPS) during the time that was less than consensus figure (set at 0.87) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.06% during the next five years compared to 52.32% growth over the previous five years of trading.
Ares Management Corp (NYSE: ARES) Trading Performance Indicators
You can see what Ares Management Corp (ARES) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.54. Likewise, its price to free cash flow for the trailing twelve months is 15.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.98, a number that is poised to hit 0.94 in the next quarter and is forecasted to reach 5.72 in one year’s time.
Technical Analysis of Ares Management Corp (ARES)
Looking closely at Ares Management Corp (NYSE: ARES), its last 5-days average volume was 1.16 million, which is a jump from its year-to-date volume of 1.15 million. As of the previous 9 days, the stock’s Stochastic %D was 90.24%. Additionally, its Average True Range was 3.73.
During the past 100 days, Ares Management Corp’s (ARES) raw stochastic average was set at 97.10%, which indicates a significant increase from 93.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.62% in the past 14 days, which was lower than the 30.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $150.91, while its 200-day Moving Average is $138.51. However, in the short run, Ares Management Corp’s stock first resistance to watch stands at $170.89. Second resistance stands at $171.88. The third major resistance level sits at $173.25. If the price goes on to break the first support level at $168.53, it is likely to go to the next support level at $167.16. Now, if the price goes above the second support level, the third support stands at $166.17.
Ares Management Corp (NYSE: ARES) Key Stats
There are 309,815K outstanding shares of the company, which has a market capitalization of 34.29 billion. As of now, sales total 3,632 M while income totals 474,330 K. Its latest quarter income was 788,680 K while its last quarter net income were 94,940 K.
