For its second fiscal quarter (ending June 30), Ares Management Corp (NYSE: ARES) has reported E.P.S. of $0.43 compared to $0.75 a year ago. For the latest four quarters through June 30, E.P.S. were $1.94 versus $1.67 for the same period a year ago.
Recent Price Action
Ares Management Corp (NYSE: ARES) stock suffered a large decline of -6.6% on 8/2/24. The stock closed at $139.26. Moreover, this decline was accompanied by unusually high trading volume at 158% of normal. The stock has been strong relative to the market over the last nine months but has declined -4.2% during the last week.
Current PriceTarget Research Rating
ARES’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Ares Management has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ares Management has a slightly negative Appreciation Score of 31 but a very high Power Rating of 87, 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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