• Mon. Nov 30th, 2020

Pharma Oracle

Evolving Today for better Tomorrow

Notable News Spotlight: Ares Management Corporation (NYSE: ARES)

On 17 March 2020, Ares Management Corporation (NYSE: ARES) spotted trading -27.48% off 52-week high price. On the other end, the stock has been noted 34.80% away from the low price over the last 52-weeks. The stock changed 10.80% to recent value of $30.37. The stock transacted 1382508 shares during most recent day however it has an average volume of 668.79K shares. The company has 254.31M of outstanding shares and 198.64M shares were floated in the market.

Ares Management Corporation (ARES) recently stated its financial results for its fourth quarter and fiscal year ended December 31, 2019.

GAAP net income attributable to Ares Management Corporation was $38.5M and $148.9M, respectively, for the quarter and year ended December 31, 2019. On a diluted basis, net income attributable to Ares Management Corporation per share of Class A ordinary stock was $0.25 and $1.06, respectively, for the quarter and year ended December 31, 2019.

After-tax realized income, net of Series A preferred stock dividends, was $180.1M and $436.7M, respectively, for the quarter and year ended December 31, 2019. After-tax realized income per share of Class A ordinary stock, net of Series A preferred stock dividends, was $0.67 and $1.67, respectively, for the quarter and year ended December 31, 2019. Fee related earnings was $88.7M and $323.7M, respectively, for the quarter and year ended December 31, 2019.

“Our fourth quarter capped off a strong year for Ares with growth in management fees and fee related earnings each in excess of 20% and 25%, respectively, together with quality fund performance for our clients,” stated Michael Arougheti, Chief Executive Officer and President of Ares. “We are well positioned to continue our firm’s growth into 2020 with the deployment of a portion of our dry powder and multiple flagship fundraises predictable across our strategies.”

“Based on the trajectory of our business and strong outlook, we are excited to announce a 25% increase in our 2020 dividend,” stated Michael McFerran, Chief Operating Officer and Chief Financial Officer of Ares. “With multiple planned investments recently reported, we believe we are laying the groundwork for new growth initiatives to fuel expansion in future years.”

Ordinary Dividend

Ares reported a quarterly dividend of $0.40 per share of its Class A ordinary stock, payable on March 31, 2020 to its Class A ordinary stockholders of record at the close of business on March 17, 2020.

Preferred Dividend

Ares reported a quarterly dividend of $0.4375 per share of its Series A preferred stock with a payment date of March 31, 2020 to its Series A preferred stockholders of record as of the close of business on March 15, 2020. As March 15, 2020 falls on a Sunday, the effective record date for the dividend will be Friday, March 13, 2020.

 Its earnings per share (EPS) expected to touch remained 237.40% for this year while earning per share for the next 5-years is expected to reach at 19.01%. ARES has a gross margin of # ref and an operating margin of 17.10% while its profit margin remained 6.80% for the last 12 months.   According to the most recent quarter its current ratio was # ref that represents company’s ability to meet its current financial obligations. The price moved ahead of -13.73% from the mean of 20 days, -16.82% from mean of 50 days SMA and performed -2.59% from mean of 200 days price. Company’s performance for the week was -7.18%, -24.09% for month and YTD performance remained -14.91%.

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