Headlines about Ares Management (NYSE:ARES) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ares Management earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 46.1621662143516 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Ares Management LP (ARES) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Ares Management (ARES) Upgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Apollo to Ares Get a Surprise Win in $1.3 Trillion Spending Bill – Yahoo Finance (finance.yahoo.com)
- Ares Management, L.P. Announces Tax Reporting Information … – Business Wire (press release) (businesswire.com)
- Apollo CEO Sees Ares Offering Little Incentive for Stock Conversion – U.S. News & World Report (money.usnews.com)
ARES has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Ares Management from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Thursday, January 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $24.00 target price on shares of Ares Management in a research report on Thursday, January 11th. Morgan Stanley restated an “equal weight” rating and issued a $24.00 target price (up from $20.00) on shares of Ares Management in a research report on Thursday, March 1st. Credit Suisse Group restated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Ares Management in a research report on Wednesday, January 10th. They noted that the move was a valuation call. Finally, Wells Fargo cut shares of Ares Management from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.50.
Ares Management (NYSE:ARES) last released its quarterly earnings data on Thursday, February 15th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The business had revenue of $356.30 million during the quarter, compared to analysts’ expectations of $376.37 million. Ares Management had a net margin of 5.38% and a return on equity of 40.87%. Ares Management’s quarterly revenue was down .5% on a year-over-year basis. analysts anticipate that Ares Management will post 1.7 earnings per share for the current year.
The business also recently disclosed a dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 26th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 23rd. Ares Management’s dividend payout ratio is 262.30%.
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Ares Management 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.
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