Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessAres Capital Corporation (NASDAQ: ARCC) Q3 Earnings Overview

Ares Capital Corporation (NASDAQ: ARCC) Q3 Earnings Overview

Add to Favorite
Added to Favorite


Earnings per Share (EPS) of $0.569 missed the estimated $0.59, indicating a slight decline from the previous year.
Revenue reported at $637 million, falling short of the anticipated $774.28 million.
Financial Health Indicators such as a Price-to-Earnings (P/E) ratio of approximately 8.77 and a low debt-to-equity ratio of about 0.001 highlight ARCC’s market position and financial stability.

Ares Capital Corporation (NASDAQ: ARCC) is a leading business development company that provides financing solutions to middle-market companies. It operates primarily in the United States, offering a range of financial products, including senior debt, subordinated debt, and equity investments. ARCC competes with other financial institutions in the business development sector, such as Main Street Capital and Prospect Capital.

On October 30, 2024, ARCC reported its Q3 earnings, revealing an earnings per share (EPS) of $0.569, which was below the estimated $0.59. This performance also marked a slight decline from the $0.59 EPS reported in the same quarter last year. The company’s revenue for the quarter was $637 million, falling short of the anticipated $774.28 million, as highlighted by the earnings call.

The earnings call featured key company figures, including CEO Kipp DeVeer and CFO Scott Lem, along with analysts from major financial institutions like Jefferies and Wells Fargo Securities. The discussion likely covered ARCC’s financial performance and strategic initiatives, although specific details were not provided in the summary. The full transcript is available on Seeking Alpha for those interested in more in-depth information.

Despite the earnings miss, ARCC’s financial metrics provide a broader perspective on its market position. The company has a price-to-earnings (P/E) ratio of approximately 8.77, indicating the price investors are willing to pay for each dollar of earnings. Its price-to-sales ratio is about 5.74, suggesting the company’s market value relative to its sales.

ARCC’s financial health is further highlighted by its low debt-to-equity ratio of about 0.001, indicating minimal reliance on debt financing. Additionally, the company boasts a strong current ratio of approximately 58.08, underscoring its ability to cover short-term liabilities with its short-term assets. However, the negative enterprise value to operating cash flow ratio of approximately -5.85 may indicate challenges in generating cash flow relative to its enterprise value.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Arch Capital Group’s Market Outlook and Financial Performance

Michael Zaremski from Capital One Financial set a price...

Jazz Pharmaceuticals’ Financial and Operational Highlights

Earnings per Share (EPS) of $3.40, missing the estimated...

Clarivate Plc (NYSE:CLVT) Q3 Earnings Overview

Clarivate Plc reported a Q3 EPS of -$0.09128, missing...

Clean Energy Fuels Corp. (NASDAQ: CLNE) Financial Performance Review

Clean Energy Fuels Corp. (NASDAQ:CLNE) reported a revenue of...