Ares Management L.P. (NYSE:ARES) will be issuing its quarterly earnings data before the market opens on Friday, November 3rd. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
Ares Management L.P. (NYSE:ARES) last issued its quarterly earnings results on Friday, August 4th. The asset manager reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. The company had revenue of $554.00 million during the quarter, compared to analyst estimates of $442.10 million. Ares Management L.P. had a net margin of 5.86% and a return on equity of 40.94%. The business’s revenue for the quarter was up 49.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. On average, analysts expect Ares Management L.P. to post $1.82 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
COPYRIGHT VIOLATION NOTICE: “Ares Management L.P. (ARES) Scheduled to Post Quarterly Earnings on Friday” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2017/11/02/ares-management-l-p-ares-scheduled-to-post-quarterly-earnings-on-friday.html.
Several research firms have weighed in on ARES. BidaskClub upgraded shares of Ares Management L.P. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Ares Management L.P. from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Royal Bank Of Canada set a $21.00 price objective on shares of Ares Management L.P. and gave the company a “buy” rating in a research report on Wednesday, October 18th. Oppenheimer Holdings, Inc. began coverage on shares of Ares Management L.P. in a research report on Thursday, September 21st. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $22.00 price objective on shares of Ares Management L.P. in a research report on Tuesday, September 5th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.00.
Ares Management L.P. Company Profile
Ares Management, L.P. is an alternative asset manager. The Company offers its investors a range of investment strategies. It operates through three segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment manages credit strategies across the non-investment grade credit universe in the United States and Europe.
What are top analysts saying about Ares Management L.P.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ares Management L.P. and related companies.