Ares Capital Q2 Adjusted EPS Meets Estimates, Declares $0.48 Dividend
ARCC is trading near its 52-week low of $17.4 (9.1% above the low).
Summary
Ares Capital reported Q2 adjusted EPS of $0.47, matching consensus, while GAAP EPS fell to $0.24 due to higher unrealized losses. The company declared a Q3 dividend of $0.48 per share and highlighted $6.0 billion in available liquidity and a $1.5 billion investment backlog. This follows a Q1 marked by significant unrealized losses and a recent $800 million debt offering. The stable core earnings and healthy portfolio metrics provide a steady outlook, but the year-over-year GAAP decline and ongoing unrealized losses warrant attention. The next catalyst is the deployment of the investment backlog and any further credit deterioration.
At the time of this announcement, ARCC was trading at $18.99 on NASDAQ in the Finance sector, with a market capitalization of approximately $13.7B. The 52-week trading range was $17.40 to $23.12. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.