Ares Management Corp (NYSE: ARES) on Friday, plunged -3.46% from the previous trading day, before settling in for the closing price of $167.68. Within the past 52 weeks, ARES’s price has moved between $97.96 and $171.78.
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Financial Sector giant saw their annual sales surged by 47.97% over the last five years. The company achieved an average annual earnings per share of 12.15%. With a float of $186.62 million, this company’s outstanding shares have now reached $187.07 million.
The firm has a total of 2850 workers. Let’s measure their productivity. In terms of profitability, gross margin is 57.18%, operating margin of 31.69%, and the pretax margin is 36.33%.
Ares Management Corp (ARES) Insider Activity
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Ares Management Corp is 7.53%, while institutional ownership is 87.86%. The most recent insider transaction that took place on Oct 17 ’24, was worth 6,719,793. In this transaction Chief Mktg. & Strategy Officer of this company sold 40,000 shares at a rate of $167.99, taking the stock ownership to the 304,202 shares. Before that another transaction happened on Oct 17 ’24, when Company’s Officer proposed sale 40,000 for $163.48, making the entire transaction worth $6,539,200.
Ares Management Corp (ARES) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.21 earnings per share (EPS) for the period topping the consensus outlook (set at 1.09) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.15% 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
Ares Management Corp (ARES) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.21. Likewise, its price to free cash flow for the trailing twelve months is 22.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.27, a number that is poised to hit 1.36 in the next quarter and is forecasted to reach 5.63 in one year’s time.
Technical Analysis of Ares Management Corp (ARES)
Analysing the last 5-days average volume posted by the [Ares Management Corp, ARES], we can find that recorded value of 1.62 million was better than the volume posted last year of 1.15 million. As of the previous 9 days, the stock’s Stochastic %D was 35.22%. Additionally, its Average True Range was 4.08.
During the past 100 days, Ares Management Corp’s (ARES) raw stochastic average was set at 77.36%, which indicates a significant increase from 28.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.68% in the past 14 days, which was lower than the 28.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $155.88, while its 200-day Moving Average is $141.08. Now, the first resistance to watch is $169.05. This is followed by the second major resistance level at $176.24. The third major resistance level sits at $181.76. If the price goes on to break the first support level at $156.34, it is likely to go to the next support level at $150.82. Should the price break the second support level, the third support level stands at $143.63.
Ares Management Corp (NYSE: ARES) Key Stats
Market capitalization of the company is 49.25 billion based on 312,994K outstanding shares. Right now, sales total 3,632 M and income totals 474,330 K. The company made 788,680 K in profit during its latest quarter, and 94,940 K in sales during its previous quarter.
