Ares Management L.P. (ARES) Scheduled to Post Quarterly Earnings on Friday

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.

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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.

Earnings History for Ares Management L.P. (NYSE:ARES)

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