Ares Management Corp (NYSE: ARES) has reported E.P.S. of $0.33 for its first fiscal quarter (ending March 31) versus $0.49 for the same period a year ago — a decline of -33%. Relative to the consensus estimate of $1.28, this was a shortfall of $-0.95. E.P.S. were $2.26 for the latest four quarters through March 31 versus $1.12 for the same period a year ago — an increase of 102%.
Recent Price Action
On 5/2/24, Ares Management Corp (NYSE: ARES) stock enjoyed a large increase of 2.2%, closing at $134.64. Moreover, trading volume in this advance was exceptionally high at 251% of normal. The stock has declined -1.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ARES is expected to continue to be a major Value Builder.
Ares Management has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ares Management has a slightly negative Appreciation Score of 32 but a very high Power Rating of 86, 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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