Ares Capital Corporation (ARCC)
| Market Cap | 12.85B |
| Revenue (ttm) | 2.70B |
| Net Income (ttm) | 1.69B |
| Shares Out | 607.76M |
| EPS (ttm) | 2.92 |
| PE Ratio | 7.24 |
| Forward PE | 8.85 |
| Dividend | $1.92 (9.08%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 4,113,284 |
| Open | 21.15 |
| Previous Close | 21.10 |
| Day's Range | 21.09 - 21.31 |
| 52-Week Range | 18.01 - 21.31 |
| Beta | 1.02 |
| Analysts | Buy |
| Price Target | 21.33 (+0.9%) |
| Earnings Date | May 1, 2024 |
About ARCC
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaura... [Read more]
Financial Performance
In 2023, Ares Capital's revenue was $2.61 billion, an increase of 24.71% compared to the previous year's $2.10 billion. Earnings were $1.52 billion, an increase of 153.67%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for ARCC stock is "Buy." The 12-month stock price forecast is $21.33, which is an increase of 0.90% from the latest price.
News
Ares Capital Corporation to Host Investor Day on May 21, 2024
Live Video Stream to Begin at 1:15 p.m. ET NEW YORK, NY / ACCESSWIRE / May 10, 2024 / Ares Capital Corporation (NASDAQ:ARCC) will host an Investor Day on Tuesday, May 21, 2024 via a live video stream.
Ares Capital Corporation Prices Public Offering of $850 Million 5.950% Unsecured Notes Due 2029
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $850 million in aggregate principal amount of 5.950% notes due 2029. ...
Ares Capital Corporation Announces March 31, 2024 Financial Results and Declares Second Quarter 2024 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a second quarter 2024 dividend of $0.48 per share. The second qua...
Ares Capital Corporation Schedules Earnings Release for the First Quarter Ended March 31, 2024
NEW YORK, NY / ACCESSWIRE / April 3, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the first quarter ended March 31, 2024 on Wednesday...
Ares Capital Corporation to Present at the Raymond James 45th Annual Institutional Investors Conference
NEW YORK, NY / ACCESSWIRE / February 27, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Kort Schnabel, Ares Capital's Co-President, and Scott Lem, Ares Capital's C...
Ares Capital Corporation to Present at the 2024 RBCCM Global Financial Institutions Conference
NEW YORK, NY / ACCESSWIRE / February 27, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Kort Schnabel, Ares Capital's Co-President, is scheduled to present at the ...
Ares Capital Corporation to Present at the 2024 UBS Financial Services Conference
NEW YORK, NY / ACCESSWIRE / February 20, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Kipp deVeer, Ares Capital's Chief Executive Officer, is scheduled to presen...
Ares Capital Corporation to Present at the 2024 BofA Securities Financial Services Conference
NEW YORK, NY / ACCESSWIRE / February 14, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Kort Schnabel, Ares Capital's Co-President, is scheduled to present at the ...
Ares Capital Corporation Announces December 31, 2023 Financial Results and Declares First Quarter 2024 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a first quarter 2024 dividend of $0.48 per share. The first quart...
Ares Capital Corporation Announces Tax Reporting Information for Calendar Year 2023
NEW YORK, NY / ACCESSWIRE / January 31, 2024 / Ares Capital Corporation ("Ares Capital" or the "Company") (NASDAQ:ARCC) announced today the tax treatment of the Company's 2023 common stock distributio...
Ares Capital Corporation Prices Public Offering of $1.00 Billion 5.875% Unsecured Notes Due 2029
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $1.00 billion in aggregate principal amount of 5.875% notes due 2029....
Ares Capital Corporation Schedules Earnings Release for the Fourth Quarter and Fiscal Year Ended December 31, 2023
NEW YORK, NY / ACCESSWIRE / January 3, 2024 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the fourth quarter and fiscal year ended December...
Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says
Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development companies covered by Fitch Ratings, amid expectations that the sector wi...
Ares Capital Corporation Appoints Scott Lem as Chief Financial Officer
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that Ares Capital's Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appo...
Top Wall Street analysts say buy these dividend stocks for enhanced returns
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including McDonald's and AT&T.
The 5 Best BDC Stocks to Buy Now
Business development companies (BDCs) are a small but sky-high-yielding industry that effectively acts as private equity for the common investor.
BetterInvesting™ Magazine Update on Gentex Corp. and Ares Capital Corp.
TROY, Mich. , Oct. 30, 2023 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Gentex Corp. (NASDAQ:GNTX) as its "Stock to Study" and Ar...
Ares Capital Corporation Announces September 30, 2023 Financial Results and Declares Fourth Quarter 2023 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a fourth quarter 2023 dividend of $0.48 per share. The fourth qua...
Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2023
NEW YORK, NY / ACCESSWIRE / October 2, 2023 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the third quarter ended September 30, 2023 on Tue...
3 BDC stocks with over 9% dividend yields to buy
American stocks have done well this year, with the S&P 500 and the Nasdaq 100 indices rising by double digits. Inflation has stabilised slightly above 3% while yield is everywhere.
Ares Capital Corporation Prices Public Offering of $600 Million 7.000% Unsecured Notes Due 2027
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $600 million in aggregate principal amount of 7.000% notes due 2027. ...
Ares Capital Corporation Announces June 30, 2023 Financial Results and Declares Third Quarter 2023 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a third quarter 2023 dividend of $0.48 per share. The third quart...
Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2023
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the second quarter ended June 30, 2023 on Tuesday, July 25, 2023 pr...
Ares Capital Corporation Announces March 31, 2023 Financial Results and Declares Second Quarter 2023 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a second quarter 2023 dividend of $0.48 per share. The second qua...
Ares Capital Corporation Schedules Earnings Release for the First Quarter Ended March 31, 2023
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the first quarter ended March 31, 2023 on Tuesday, April 25, 2023 p...