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Ares Capital Corp (ARCC)
NASDAQ:ARCC
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.58Last Year’s EPS
$0.63Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -0.86%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted several strong performance indicators, including record NAV per share, strong core earnings, and a positive credit rating upgrade. However, there were concerns about declining yields and consistent GAAP net income compared to a year ago. Overall, the positive aspects such as liquidity, portfolio growth, and credit quality improvements largely outweighed the negatives.Company Guidance
In the Q3 2024 earnings call for Ares Capital Corporation (ARCC), the company provided several key metrics that underscore its financial health and strategic positioning. The company reported strong core earnings of $0.58 per share and a record net asset value (NAV) per share of $19.77. ARCC reviewed approximately $155 billion in quarterly deal volume, reflecting nearly a 30% increase in transactions compared to the same period last year. The company added 23 new companies to its portfolio, which now includes over 530 companies, demonstrating its diversification strategy. The weighted average yield on the company's debt and other income-producing securities at amortized cost was 11.7%, down from 12.2% in the previous quarter, largely due to reduced base rates. Furthermore, ARCC's stockholders' equity reached $12.8 billion or $19.77 per share, marking another record high. With over $5 billion in available liquidity and a debt-to-equity ratio of just over 1x, ARCC is poised for continued growth in a more active investing environment.Record NAV Per Share
Ares Capital reported a record NAV per share of $19.77 for the third quarter.
Strong Core Earnings
Reported strong core earnings of $0.58 per share for the third quarter.
Increased Deal Volume
Reviewed 30% more transactions compared to the same period last year, resulting in $155 billion in quarterly deal volume reviewed.
Low Nonaccrual Rates
Nonaccrual rates declined quarter-over-quarter, remaining below industry averages.
Credit Rating Upgrade
Recently upgraded by Moody's to a higher investment-grade notch, solidifying Ares Capital as the highest rated company in its sector by all 3 major rating agencies.
Increased Portfolio Size
Added 23 new companies to the portfolio, growing it to over 530 companies with a fair value of $25.9 billion.
Strong Liquidity Position
Maintained nearly $5.8 billion of total available liquidity, with a net debt-to-equity ratio of 1.03x.
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ARCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $21.10 | $20.88 | -1.04% |
| Jul 30, 2024 | $19.96 | $20.33 | +1.85% |
| May 01, 2024 | $19.25 | $19.47 | +1.14% |
| Feb 07, 2024 | $18.19 | $18.42 | +1.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ares Capital Corp (ARCC) report earnings?
Ares Capital Corp (ARCC) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Ares Capital Corp (ARCC) earnings time?
Ares Capital Corp (ARCC) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARCC EPS forecast?
ARCC EPS forecast for the fiscal quarter 2024 (Q4) is $0.58.
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