Ares Capital (NASDAQ:ARCC) Q4 2023 Earnings Conference Call February 7, 2024 11:00 AM ET Company Participants John Stilmar – Partner, Co-Head of Public Markets Investor Relations Kipp DeVeer – Chief Executive Officer Penni Roll – Chief Financial Officer Kort Schnabel – Co-President, Los Angeles Conference Call Participants John Hecht – Jefferies Finian O'Shea – Wells Fargo Securities Melissa Wedel – JPMorgan Ryan Lynch – KBW Robert Dodd – Raymond James Mark Hughes – Truist Erik Zwick – Hovde Group Casey Ale ...

For the quarter ended December 2023, Ares Capital (ARCC) reported revenue of $707 million, up 10.5% over the same period last year. EPS came in at $0.63, compared to $0.63 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $684.52 million, representing a surprise of +3.28%. The company delivered an EPS surprise of +6.78%, with the consensus EPS estimate being $0.59.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Ares Capital (ARCC) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.78%. A quarter ago, it was expected that this private equity firm would post earnings of $0.58 per share when it actually produced earnings of $0.59, delivering a surprise of 1.72%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 814-00663 ____________________________________________________ ...

marrio31 Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving the market or that investors ought to be mindful of. This update covers the period through the fourth week of January. ...

z1b A little over a year ago, I compared two blue-chip Business Development Companies (BIZD) in Ares Capital Corp stock (NASDAQ:ARCC) and Capital Southwest stock (NASDAQ:CSWC). In that analysis, we rated both stocks as Buys. Since then, our bullishness has been rewarded, as both (and CSWC in particular) have delivered very strong total returns for shareholders: Data by YCharts However, a lot has changed since then, as interest rates now appear to have reached their peak, the economy continues to sustain ...

In its upcoming report, Ares Capital (ARCC) is predicted by Wall Street analysts to post quarterly earnings of $0.59 per share, reflecting a decline of 6.4% compared to the same period last year. Revenues are forecasted to be $683.52 million, representing a year-over-year increase of 6.8%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company' ...

EschCollection Investment Thesis Ares Capital (NASDAQ:ARCC) is a business development company (BDC) that specializes in buying debt and equity of private middle market companies. As of Q3 of 2023, Ares Capital had a portfolio of over $21.9 billion, consisting of ~66% senior secured loans. Ares Capital is the largest business development company by market capitalization, with a current market cap of over $11.5 billion. 2023 has been a great year for BDCs as a whole with high interest rates leading to rec ...

Prospect Capital CEO Unloads Shares as Stock Rebounds Mike Rosiana / iStock via Getty Images Investors can learn a lot by following the behavior of company insiders when it comes to how they handle positions in their own company. People can sell for many reasons (buying a house, paying for college, or getting ready for retirement). They generally only buy for one reason: to make more money.The chief executive officer is often one of the largest and best-informed shareholders in any company. Let’s see whet ...

Ares Capital (ARCC) ended the recent trading session at $20.23, demonstrating a -1.84% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.61%. At the same time, the Dow lost 0.82%, and the tech-heavy Nasdaq lost 2.23%.Shares of the private equity firm have appreciated by 2.9% over the course of the past month, outperforming the Finance sector's loss of 1.3% and lagging the S&P 500's gain of 3.28%.The upcoming earnings release of Ares Capital will b ...