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Ares Capital Corp (ARCC)
NASDAQ:ARCC
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.51Last Year’s EPS
0.61Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 1.32%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced sentiment with strong first-quarter performance, increased investment activity, and a consistent dividend strategy. However, challenges include a decline in core earnings and GAAP net income, issues in the liquid loan market, and potential tariff impacts.Company Guidance
In the recent earnings call, Ares Capital Corporation provided guidance on several key financial metrics for the first quarter of 2025. The company reported core earnings per share (EPS) of $0.50, translating to an annualized return on equity of 10%. Gross commitments for the quarter were $3.5 billion, marking a 54% increase compared to the same period last year, excluding commitments fronted and sold as agents. The company maintained a conservative balance sheet with a net debt to equity ratio below one, and significant liquidity totaling nearly $6.8 billion. Ares declared a $0.48 per share dividend for the second quarter, continuing a 63-quarter streak of stable or increasing dividends. The company also noted a reduction in non-accrual loans, with a cost percentage of 1.5% and a fair value percentage of 0.9%, both below historical averages. Additionally, portfolio companies demonstrated robust performance, with a 12% weighted average last twelve months (LTM) EBITDA growth and leverage levels below the five-year average.Strong First Quarter Performance
Reported solid first-quarter results with $0.50 in core earnings, equating to an annualized return on equity of 10%. Credit quality remains strong with non-accrual loans and lower risk-rated credits at historically low levels.
Increased Investment Activity
Committed $3.5 billion in gross commitments during the first quarter, with a 54% increase in gross commitments versus the same period last year.
Conservative Balance Sheet and Liquidity
Ended the quarter with conservative balance sheet leverage and significant dry powder to make new investments, with nearly $6.8 billion of total available liquidity.
Successful Debt Management
Issued $1 billion of seven-year unsecured notes with a new issued spread of 150 basis points, representing a new low for the company and the BDC sector.
Consistent Dividend Strategy
Declared a $0.48 per share quarterly dividend for the second quarter of 2025, marking the 63rd consecutive quarter of delivering stable or increasing regular quarterly dividends.
ARCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ARCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $21.25 | $20.67 | -2.73% |
Feb 05, 2025 | $23.28 | $22.58 | -3.01% |
Oct 30, 2024 | $20.63 | $20.41 | -1.07% |
Jul 30, 2024 | $19.51 | $19.88 | +1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ares Capital Corp (ARCC) report earnings?
Ares Capital Corp (ARCC) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Ares Capital Corp (ARCC) earnings time?
Ares Capital Corp (ARCC) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARCC EPS forecast?
ARCC EPS forecast for the fiscal quarter 2025 (Q2) is 0.51.