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Ares Capital Corp (ARCC)
NASDAQ:ARCC
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.59Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -4.49%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with record NAV per share, strong origination performance, and an excellent credit rating position. However, there were challenges with declining core earnings and an increase in non-accrual rates, though these remained below historical averages. The overall sentiment of the call is positive, with significant achievements in terms of market positioning, financial strength, and dividend stability.Company Guidance
During the Ares Capital Corporation's fourth-quarter earnings call for the fiscal year ending December 31, 2024, several key metrics and guidance were highlighted. The company reported a GAAP net income per share of $0.55 for Q4 2024, down from $0.62 in the previous quarter, and $2.44 for the year, compared to $2.75 in 2023. Core earnings per share were also noted at $0.55 for the fourth quarter. Ares Capital ended 2024 with a record NAV per share of $19.89, marking the eighth consecutive quarter of NAV growth. The portfolio at fair value increased to $26.7 billion, with $15 billion in new commitments for the year. The company maintained a non-accrual rate of 1.7% at cost, and the weighted average yield on debt and income-producing securities was 11.1% at the end of the year. Additionally, Ares Capital declared a Q1 2025 dividend of $0.48 per share and ended the year with a stockholders' equity of $13.4 billion. The call also mentioned a significant taxable income spillover estimated at $1.37 per share for 2025, providing further dividend visibility and stability.Record NAV Per Share and Strong Credit Performance
The company ended 2024 with a record NAV per share of $19.89, marking the eighth consecutive quarter of NAV growth. The organic weighted average LTM EBITDA growth rate of portfolio companies reached 11% in Q4 2024, indicating strong underlying performance.
Robust Origination and Market Share Growth
In 2024, Ares Capital reviewed over $650 billion in new opportunities and generated record new commitments of $5 billion. More than 70% of new commitments were to existing borrowers, emphasizing strong relationships and market positioning.
Strong Financial Position and Credit Ratings
Ares Capital secured ratings upgrades from two major credit rating agencies, making it the highest-rated BDC among the three major agencies. The leverage ratio was at 0.99 times net debt to equity, providing significant flexibility.
Dividend Stability and Spillover Income
The company declared a first-quarter 2025 dividend of $0.48 per share, consistent with Q4 2024, and has an estimated $922 million in spillover income available for distribution in 2025.
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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 |
|---|---|---|---|
| Feb 05, 2025 | $23.81 | $23.10 | -2.98% |
| 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% |
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 Apr 29, 2025, TBA Not Confirmed.
What is Ares Capital Corp (ARCC) earnings time?
Ares Capital Corp (ARCC) earnings time is at Apr 29, 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 2025 (Q1) is 0.55.
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