Ares Capital Corporation (NASDAQ:ARCC ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants John Stilmar - Partner, Co-Head of Public Markets IR Kipp DeVeer - CEO Scott Lem - CFO Kort Schnabel - Co-President, Los Angeles Conference Call Participants Melissa Wedel - JPMorgan Finian O'Shea - Wells Fargo Securities Paul Johnson - ABW Kenneth Lee - RBC Capital Markets Robert Dodd - Raymond James Mitchel Penn - Oppenheimer Casey Alexander - Compass Point Operator Good morning. Welcome to Ares Capital Corporation's Second Quarter, June 30, 2024, Earnings Conference Call.
While the top- and bottom-line numbers for Ares Capital (ARCC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ares Capital (ARCC) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.58 per share a year ago.
Ares Capital (ARCC) is expected to have recorded growth in revenues in the second quarter of 2024.
Ares Capital offers an especially juicy yield and has beaten the S&P 500's total return over the long term. Enbridge has increased its dividend for 29 consecutive years and has several growth drivers.
Investing in high-flying growth stocks can be risky due to frothy valuations, leading to market rotation towards dividend stocks like iShares Select Dividend ETF in recent days. Barings BDC offers a 10.3% yield with a well-diversified and conservatively structured portfolio, showing steady NAV growth and strong NII per share performance. EPR Properties, a net lease REIT, provides an attractive 7.5% yield and potential for capital appreciation, trading at a discount to peers with strong financials and diverse portfolio.
In the closing of the recent trading day, Ares Capital (ARCC) stood at $20.77, denoting a +0.05% change from the preceding trading day.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ares Capital (ARCC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Ares Capital (ARCC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Hercules Technology Growth Capital makes loans to emerging technology businesses. Ares Capital offers a unique suite of financial products to lower-middle-market businesses.
Ares Capital (ARCC) closed the most recent trading day at $20.70, moving -0.72% from the previous trading session.