A new trading day began on Friday, with Ares Capital Corp (NASDAQ: ARCC) stock price down -0.42% from the previous day of trading, before settling in for the closing price of $21.67. ARCC’s price has ranged from $18.59 to $21.84 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 9.51%. Meanwhile, its annual earnings per share averaged 0.44%. With a float of $626.74 million, this company’s outstanding shares have now reached $630.39 million.
Let’s determine the extent of company efficiency that accounts for 2800 employees. In terms of profitability, gross margin is 83.53%, operating margin of 77.98%, and the pretax margin is 78.07%.
Ares Capital Corp (ARCC) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Asset Management Industry. The insider ownership of Ares Capital Corp is 0.58%, while institutional ownership is 29.06%.
Ares Capital Corp (ARCC) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.59 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.00% during the next five years compared to 5.85% growth over the previous five years of trading.
Ares Capital Corp (NASDAQ: ARCC) Trading Performance Indicators
Here are Ares Capital Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.92. Likewise, its price to free cash flow for the trailing twelve months is 12.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.84, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.22 in one year’s time.
Technical Analysis of Ares Capital Corp (ARCC)
Looking closely at Ares Capital Corp (NASDAQ: ARCC), its last 5-days average volume was 2.16 million, which is a drop from its year-to-date volume of 3.38 million. As of the previous 9 days, the stock’s Stochastic %D was 61.59%. Additionally, its Average True Range was 0.18.
During the past 100 days, Ares Capital Corp’s (ARCC) raw stochastic average was set at 89.68%, which indicates a significant increase from 76.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 7.03% in the past 14 days, which was lower than the 13.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.95, while its 200-day Moving Average is $20.72. However, in the short run, Ares Capital Corp’s stock first resistance to watch stands at $21.69. Second resistance stands at $21.80. The third major resistance level sits at $21.88. If the price goes on to break the first support level at $21.51, it is likely to go to the next support level at $21.43. Should the price break the second support level, the third support level stands at $21.32.
Ares Capital Corp (NASDAQ: ARCC) Key Stats
With a market capitalization of 13.60 billion, the company has a total of 614,518K Shares Outstanding. Currently, annual sales are 2,614 M while annual income is 1,522 M. The company’s previous quarter sales were 755,000 K while its latest quarter income was 322,000 K.
