Ares Capital Corporation (ARCC)
Ares Capital Corporation (ARCC) Q3 2024 Earnings Call Transcript
Ares Capital Corporation (NASDAQ:ARCC ) Q3 2024 Earnings Conference Call October 30, 2024 12:00 PM ET Company Participants John Stilmar - Partner, Co-Head of Public Markets IR Kipp DeVeer - CEO Scott Lem - CFO Kort Schnabel - Co-President, Los Angeles Jim Miller - Co-President Conference Call Participants John Hecht - Jefferies Finian O'Shea - Wells Fargo Securities Casey Alexander - Compass Point Robert Dodd - Raymond James Kenneth Lee - RBC Capital Markets Mark Hughes - Truist Paul Johnson - KBW Derek Hewett - Bank of America Merrill Lynch John Stilmar Thank you. Let me start with some important reminders.
Ares Capital (ARCC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Ares Capital (ARCC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Ares Capital (ARCC) Q3 Earnings Miss Estimates
Ares Capital (ARCC) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.59 per share a year ago.
What's in Store for Ares Capital as it Gears Up to Report Q3 Earnings?
A rise in interest income from investments is expected to have supported ARCC's Q3 earnings.
Unlocking Q3 Potential of Ares Capital (ARCC): Exploring Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Ares Capital (ARCC) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Ares Capital (ARCC) Suffers a Larger Drop Than the General Market: Key Insights
Ares Capital (ARCC) closed at $21.58 in the latest trading session, marking a -0.42% move from the prior day.
Ares Capital (ARCC) Laps the Stock Market: Here's Why
Ares Capital (ARCC) closed at $21.67 in the latest trading session, marking a +0.79% move from the prior day.
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Is Ares Capital Stock a Buy?
This business development company's high-yielding dividend looks surprisingly stable.
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Ares Capital: Still Cheap Even As The Fed Shifts Down
Ares Capital is well-positioned even as the Fed is expected to lower its interest rates through 2025. ARCC's core EPS has likely peaked, but a potentially improved M&A environment and increased investment activity could spur a re-rating. Valuations remain attractive, with a forward dividend yield of nearly 9%. Income investors reallocating from cash should find them appealing.
