Analysts See $0.41 EPS for Ares Management, L.P. (ARES)

February 18, 2018 - By Henry Gaston

 Analysts See $0.41 EPS for Ares Management, L.P. (ARES)
Investors sentiment decreased to 1.27 in 2017 Q3. Its down 0.29, from 1.56 in 2017Q2. It is negative, as 5 investors sold Ares Management, L.P. shares while 10 reduced holdings. 5 funds opened positions while 14 raised stakes. 11.98 million shares or 4.64% more from 11.45 million shares in 2017Q2 were reported.
Susquehanna Grp Inc Llp invested in 39,973 shares. Raymond James And Assoc reported 0% stake. Pnc Svcs Gp owns 155,424 shares for 0% of their portfolio. Royal Bank & Trust Of Canada holds 0% or 11,297 shares. Commercial Bank Of New York Mellon Corp accumulated 0% or 18,828 shares. Manufacturers Life Insur Co The invested in 0% or 2,484 shares. Grp One Trading L P holds 0% or 600 shares. Bank Of America De holds 0% or 42,009 shares in its portfolio. Sei Invests reported 0% stake. Citigroup invested 0% of its portfolio in Ares Management, L.P. (NYSE:ARES). Hsbc Public Ltd Com accumulated 12,379 shares or 0% of the stock. Missouri-based American Century Cos Inc has invested 0.02% in Ares Management, L.P. (NYSE:ARES). Wells Fargo & Company Mn invested in 0% or 626,996 shares. Capital World invested in 1.28M shares or 0.01% of the stock. Gsa Cap Prtnrs Llp has invested 0.06% in Ares Management, L.P. (NYSE:ARES).

Analysts expect Ares Management, L.P. (NYSE:ARES) to report $0.41 EPS on February, 23.They anticipate $0.03 EPS change or 6.82 % from last quarter’s $0.44 EPS. ARES’s profit would be $87.18M giving it 14.66 P/E if the $0.41 EPS is correct. After having $0.40 EPS previously, Ares Management, L.P.’s analysts see 2.50 % EPS growth. The stock decreased 1.64% or $0.4 during the last trading session, reaching $24.05. About 184,792 shares traded or 34.48% up from the average. Ares Management, L.P. (NYSE:ARES) has risen 31.82% since February 18, 2017 and is uptrending. It has outperformed by 15.12% the S&P500.

Ares Management, L.P. (NYSE:ARES) Ratings Coverage

Among 11 analysts covering Ares Management (NYSE:ARES), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Ares Management has $33.0 highest and $14 lowest target. $23.30’s average target is -3.12% below currents $24.05 stock price. Ares Management had 35 analyst reports since August 11, 2015 according to SRatingsIntel. Goldman Sachs initiated the shares of ARES in report on Tuesday, August 11 with “Neutral” rating. As per Wednesday, January 10, the company rating was maintained by Credit Suisse. The stock of Ares Management, L.P. (NYSE:ARES) has “Mkt Perform” rating given on Monday, February 27 by Keefe Bruyette & Woods. As per Thursday, February 15, the company rating was maintained by RBC Capital Markets. The stock of Ares Management, L.P. (NYSE:ARES) earned “Buy” rating by Keefe Bruyette & Woods on Monday, September 4. The stock has “Outperform” rating by Wells Fargo on Wednesday, December 21. Wood maintained the shares of ARES in report on Friday, April 7 with “Outperform” rating. The firm has “Buy” rating given on Wednesday, June 14 by Keefe Bruyette & Woods. The company was maintained on Wednesday, November 11 by RBC Capital Markets. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Friday, March 24.

Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company has market cap of $5.11 billion. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. It has a 42.49 P/E ratio. The Company’s Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

More notable recent Ares Management, L.P. (NYSE:ARES) news were published by: Streetinsider.com which released: “Ares Management (ARES) PT Raised to $34 at Credit Suisse; Converting to C-Corp …” on February 16, 2018, also Businesswire.com with their article: “Ares Management and Redevco’s Iberian Joint Venture Acquires Majority Stake in …” published on February 02, 2018, Businesswire.com published: “Ares Management, LP Reports Fourth Quarter and Full Year 2017 Results” on February 15, 2018. More interesting news about Ares Management, L.P. (NYSE:ARES) were released by: Reuters.com and their article: “BRIEF-Ares Management To Acquire Convergint Technologies” published on February 02, 2018 as well as Businesswire.com‘s news article titled: “Development Capital Resources Announces $750 Million Infrastructure Joint …” with publication date: February 07, 2018.

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