ARCC

Ares Capital Corp

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22.560

+0.17(0.759%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

22.590

Open

22.400

VWAP

22.52

Vol

3.58M

Mkt Cap

15.91B

Low

22.3551

Amount

80.53M

EV/EBITDA(TTM)

20.58

Total Shares

614.52M

29.58B

EV/OCF(TTM)

P/S(TTM)

5.03

Ares Capital Corporation is a specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. The Company invests primarily in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position), and second lien senior secured loans. In addition to senior secured loans, it also invests in subordinated debt, which in some cases includes an equity component, and preferred equity. It also may invest up to 30% of its portfolio in non-qualifying assets. Its investment activities are focused on industries, such as software and services, health care services, commercial and professional services, financial services, commercial and professional services, insurance services, energy, food and beverage and others. The Company is externally managed by Ares Capital Management LLC (investment adviser).

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q1

FY2024Q4

750.39M

-0.61%

0.506

-17.11%

769.95M

+9.84%

0.536

-9.22%

787.50M

+11.39%

0.579

-8.06%

Estimates Revision

The market is revising No Change the revenue expectations for Ares Capital Corporation (ARCC) for FY2024, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 4.49%.

Revenue Estimates for FY2024

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2024

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+4.49%

In Past 3 Month

12 Analyst Rating

2.35% Upside

Wall Street analysts forecast ARCC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARCC is 23.09 USD with a low forecast of 22.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

10 Buy

2 Hold

0 Sell

Strong Buy

2.35% Upside

Current: 22.560

Low

22.00

Averages

23.09

High

24.00

2.35% Upside

Current: 22.560

Low

22.00

Averages

23.09

High

24.00

Keefe Bruyette

Outperform

maintain

$22 -> $25

2025-07-30

Reason

Keefe Bruyette

Price Target

$22 -> $25

2025-07-30

maintain

Outperform

Reason

Keefe Bruyette raised the firm's price target on Ares Capital to $25 from $22 and keeps an Outperform rating on the shares. The company reported a good quarter with "sector-leading" fundamentals, the analyst tells investors in a research note. Keefe cites an improved credit outlook for the sector for the target increase.

B. Riley

Sean-Paul Adams

Neutral -> Buy

upgrade

2025-07-30

Reason

B. Riley

Sean-Paul Adams

Price Target

2025-07-30

upgrade

Neutral -> Buy

Reason

B. Riley analyst Sean-Paul Adams upgraded Ares Capital to Buy from Neutral with a price target of $23.50, up from $22.50, post the Q2 report. The firm says that while the business development company sector faces earnings pressure, Ares Capital's track record of deploying capital and generating above-average recovery rates versus peers in periods of economic volatility should drive share outperformance. It sees an attractive risk/reward at current share levels.

Keefe Bruyette

Outperform

maintain

$22 -> $23

2025-07-30

Reason

Keefe Bruyette

Price Target

$22 -> $23

2025-07-30

maintain

Outperform

Reason

Keefe Bruyette raised the firm's price target on Ares Capital to $23 from $22 and keeps an Outperform rating on the shares. The company reported a good quarter with "sector-leading" fundamentals, the analyst tells investors in a research note. Keefe cites an improved credit outlook for the sector for the target increase.

UBS

Doug Harter

Neutral

maintain

$22

2025-07-16

Reason

UBS

Doug Harter

Price Target

$22

2025-07-16

maintain

Neutral

Reason

UBS analyst Doug Harter raised the firm's price target on Ares Capital to $22.50 from $22 and keeps a Neutral rating on the shares.

UBS

Doug Harter

Hold

Maintains

$22 → $21

2025-04-17

Reason

UBS

Doug Harter

Price Target

$22 → $21

2025-04-17

Maintains

Hold

Reason

UBS analyst Doug Harter lowered the firm's price target on Ares Capital to $21 from $22 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the business development companies. The focus for investors during earnings will be on the outlook for credit quality given the increased economic uncertainty, the analyst tells investors in a research note. The firm says that while the pullback in the sector has made valuations more attractive, the overhang from credit quality concerns and earnings drag from lower short-term rates will persist. UBS cut price targets to reflect a lower return on equity outlook from slower loan growth and lower target multiples given increased economic uncertainty.

Keefe, Bruyette & Woods

Paul Johnson

Buy

Maintains

$23 → $22

2025-04-08

Reason

Keefe, Bruyette & Woods

Paul Johnson

Price Target

$23 → $22

2025-04-08

Maintains

Buy

Reason

Keefe Bruyette lowered the firm's price target on Ares Capital to $22 from $23 and keeps an Outperform rating on the shares.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Ares Capital Corp (ARCC.O) is 9.81, compared to its 5-year average forward P/E of 9.42. For a more detailed relative valuation and DCF analysis to assess Ares Capital Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

9.42

Current PE

9.81

Overvalued PE

10.50

Undervalued PE

8.34

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

4.57

Current PS

5.50

Overvalued PS

5.08

Undervalued PS

4.05