Ares Management stock has soared, but there's 1 key risk
Ares Management (ARES) stock has had a remarkable performance in the last decade, making it one of the best-performing companies in Wall Street. After launching an IPO at $10 in 2014, it has risen to a record high of $160.
Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2024
NEW YORK, NY / ACCESSWIRE / October 4, 2024 / Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2024 on Friday, November 1, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m.
Ares Management: A Great Business, Just Too Expensive Today
Ares Management is a major player in private credit, managing nearly $447 billion across various strategies, with a strong focus on credit investments. The company has experienced significant growth, with an 18% CAGR in AUM and nearly 1300% total shareholder return over the past decade. Ares is well-positioned to benefit from long-term trends in alternative investments, particularly private credit, which is expected to continue growing.
Ares Management: A Booming Giant With A Price Tag To Match
Ares Management is experiencing explosive growth in assets under management, with a 19% annual growth rate, reaching $447 billion, driving elevated fee revenue growth. The firm excels in credit and alternative investments, benefiting from secular growth trends in private credit, real estate, and infrastructure, offering multiple income streams. Despite strong long-term prospects and a Buy rating, Ares' current P/E ratio of 35.7x suggests it's overvalued, making it prudent to wait for a pullback.
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Ares Management leads private equity drive in Italy
Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities.
Ares Management Corporation (ARES) Q2 2024 Earnings Call Transcript
Ares Management Corporation (NYSE:ARES ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips - CFO Conference Call Participants Craig Siegenthaler - Bank of America Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Brennan Hawken - UBS Bill Katz - TD Cowen Ben Budish - Barclays Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Michael Cyprys - Morgan Stanley Brian Bedell - Deutsche Bank Operator Good morning, everyone, and welcome to the Ares Management Corporation's Second Quarter Earnings Conference Call. All this time all participants are in a listen-only mode.
Here's What Key Metrics Tell Us About Ares Management (ARES) Q2 Earnings
Although the revenue and EPS for Ares Management (ARES) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ares Management (ARES) Q2 Earnings Top Estimates
Ares Management (ARES) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.90 per share a year ago.
Ares Management Announces Second Quarter 2024 U.S. Direct Lending Origination Activity
$12.8 Billion in New Commitments Closed in the Second Quarter, Reaching a Record of $38.3 Billion Closed in the 12 Months Ended June 30, 2024 NEW YORK, NY / ACCESSWIRE / August 2, 2024 / Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct lending commitments across 295 transactions in the 12 months ended June 30, 2024. The $38.3 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business.
Curious about Ares Management (ARES) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Ares Management (ARES) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Ares Management (ARES) Earnings Expected to Grow: Should You Buy?
Ares Management (ARES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
