On Tuesday, Ares Management Corp (NYSE: ARES) opened lower -2.92% from the last session, before settling in for the closing price of $183.70. Price fluctuations for ARES have ranged from $112.83 to $185.06 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 47.97% annually for the last half of the decade. Company’s average yearly earnings per share was noted 11.31% at the time writing. With a float of $187.50 million, this company’s outstanding shares have now reached $198.33 million.
In an organization with 2850 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 52.69%, operating margin of 34.22%, and the pretax margin is 36.33%.
Ares Management Corp (ARES) Insider Updates
A key investor’s attitude towards the stock of the Asset Management industry is another important factor to consider. The insider ownership of Ares Management Corp is 7.12%, while institutional ownership is 89.15%. The most recent insider transaction that took place on Dec 11 ’24, was worth 2,586,557. In this transaction Chief Mktg. & Strategy Officer of this company sold 14,357 shares at a rate of $180.16, taking the stock ownership to the 233,214 shares. Before that another transaction happened on Nov 27 ’24, when Company’s Chief Mktg. & Strategy Officer sold 200 for $180.07, making the entire transaction worth $36,014. This insider now owns 253,014 shares in total.
Ares Management Corp (ARES) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.31% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.71% 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
Check out the current performance indicators for Ares Management Corp (ARES). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.84. Likewise, its price to free cash flow for the trailing twelve months is 20.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.23, a number that is poised to hit 1.32 in the next quarter and is forecasted to reach 5.55 in one year’s time.
Technical Analysis of Ares Management Corp (ARES)
Let’s dig in a bit further. During the last 5-days, its volume was 1.31 million. That was better than the volume of 1.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 66.64%. Additionally, its Average True Range was 4.11.
During the past 100 days, Ares Management Corp’s (ARES) raw stochastic average was set at 88.21%, which indicates a significant increase from 40.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.20% in the past 14 days, which was lower than the 28.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $170.66, while its 200-day Moving Average is $148.11. However, in the short run, Ares Management Corp’s stock first resistance to watch stands at $181.32. Second resistance stands at $184.32. The third major resistance level sits at $186.39. If the price goes on to break the first support level at $176.26, it is likely to go to the next support level at $174.19. Assuming the price breaks the second support level, the third support level stands at $171.19.
Ares Management Corp (NYSE: ARES) Key Stats
There are currently 313,056K shares outstanding in the company with a market cap of 55.83 billion. Presently, the company’s annual sales total 3,632 M according to its annual income of 474,330 K. Last quarter, the company’s sales amounted to 1,130 M and its income totaled 117,870 K.
