ARES CAPITAL CORPORATION (NASDAQ: ARCC) has reported earnings for its third fiscal quarter (ending September 30) of $0.62 versus $0.89 for the same period a year ago — a decline of -30%. For the latest four quarters through September 30, E.P.S. were $2.62 versus $2.37 for the same period a year ago — an increase of 11%.
Recent Price Action
ARES CAPITAL CORPORATION (NASDAQ: ARCC) stock closed at $21.34 on 10/30/24 after a modest decline of -1.1%. Moreover, trading volume in this decline was above average at 133% of normal. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. ARES CAPITAL CORPORATION has a good Appreciation Score of 70 but a slightly negative Power Rating of 38, and the Neutral Value Trend Rating results.
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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