ARES CAPITAL CORPORATION (NASDAQ: ARCC) has reported earnings for its second fiscal quarter (ending June 30) of $0.52 versus $0.61 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.89 versus $1.68 for the same period a year ago.
Recent Price Action
ARES CAPITAL CORPORATION (NASDAQ: ARCC) stock increased 1.9% on 7/30/24. The shares closed at $21.28. Moreover, trading volume in this advance was above average at 140% of normal. The stock has risen 1.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ARCC is expected to continue to be an important Value Builder.
ARES CAPITAL CORPORATION has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ARES CAPITAL CORPORATION has a good Appreciation Score of 72 but a neutral Power Rating of 45, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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