Ares Management (ARES) Stock

TipRanks' analyst ranking service highlights three stocks that pay dividends, which include Walmart and Gaming and Leisure Properties.

SYDNEY--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) has announced the launch of the Ares Private Markets Fund (AUT), a unit trust based in Australia. This fund aims to give wholesale clients in Australia access to the Ares Private Markets Fund (APMF), which is a U.S.-registered investment vehicle. APMF is offered through Ares' Wealth Management Solutions platform and focuses on private equity investments.

Ares Management Corporation has announced that its Co-Founder and CEO, Michael Arougheti, will speak at the Goldman Sachs Financial Services Conference on December 11, 2024, at 9:20 am ET. You can listen to the presentation live through the Investor Resources section on the company's website at www.aresmgmt.com.

Even though this investment management firm has a strong track record of exceeding expectations, their estimates have recently decreased.

Ares Corporation's earnings for the third quarter demonstrated impressive growth in earnings per share and record deployment. Although the stock fell initially after the earnings announcement, it bounced back to reach a new high, thanks to positive market reactions after Donald Trump's election. The company's total assets under management reached $463.8 billion, indicating strong potential for future earnings growth from capital that has not yet been deployed.

In September, there were two new convertible preferred stock offerings, one term preferred offering, and one Exchange Traded Debt (ETD) offering, with yields between 6% and 8.125%. When compared to the top-quality preferred stocks we track, which are rated 10 out of 10 on our "CDx3 Compliance Score," these stocks are currently selling for an average premium of about 7 cents above par and provide an average yield of 6.23%.

Ares Management (ARES) reported quarterly earnings of $0.95 per share, which is higher than the Zacks Consensus Estimate of $0.94 per share. This is an increase compared to earnings of $0.83 per share from the same time last year.

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) has announced its financial results for the third quarter that ended on September 30, 2024. The company reported a GAAP net income of $118.5 million for this quarter. Additionally, the net income per share for Class A and non-voting common stock was $0.55, with an after-tax realized income of $316.0 million.

In addition to looking at analysts' predictions for Ares Management's (ARES) revenue and earnings, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.