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Ares Management Corporation  (ARES)
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    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial


 

Ares Management Corporation

ARES's Financial Statements and Analysis



Ares Management Corporation reported in the forth quarter of 2023 net earnings per share of $0.74 an increase by 11.81 % year on year from $0.66 and an improvement of 147.34 % from $0.30 realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.74 $  1,345 Mill
$+0.08     +11.81 % $+218M     +19.39 %



Ares Management's Revenue rose by 19.39 % in forth quarter of 2023 (Dec 31 2023) year on year, to $1,345 million and advanced by 44.32 % sequentially.


Ares Management is

More on ARES's Income Statement



Ares Management's net income of $149.251 million in the forth quarter of 2023 decreased by -49.09 % from net earnings of $293.190 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -24.23 % from net income of $196.974 million realized in previous quarter.

More on ARES's Growth

Ares Management Inventories
ARES's Cash flow In the forth quarter of 2023 company's net cash flow was $36 million, capital expenditures fell by -7.408210.56%, to $-23 millions compare to same quarter a year ago

More on ARES's Cash flow Statement


Ares Management Corporation payed out dividend of $5.47 per share in last 52 weeks representing 239.91 % of net earning per share in trailing twelve-month period.

During the same period Ares Management Corporation payed $ -1.20 cash per share, on a free-cash flow basis .

Book value grew by 6.66 % sequentially to $23.02 per share, 144.22% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.71 per share from $ 13.72.

Company issued 8.18 million shares or 4.39 % in Dec 31 2023.
Interest Coverage Ratio was 13.54. Debt Coverage Ratio was 0.58.

More on ARES's Dividends

 Market Capitalization (Millions) 25,305
 Shares Outstanding (Millions) 194
 Total Debt (Millions $) 2,965
 Revenue (TTM) (Millions $) 4,647
 Net Income (TTM) (Millions $) 886
 Cash Flow (TTM) (Millions $) -42
 Capital Exp. (TTM) (Millions $) -67
 Dividend TTM ($) 5.47 $
 Dividend Yield TTM (%) 4.28 %
 Employees (TTM) $ 870




Ares Management Corporation payed out dividend of $5.47 per share in the last 52 weeks representing 239.91 % of net earning per share in trailing twelve-month period.

During the same period Ares Management Corporation had negative $ -1.20 cash flow per share, on a free-cash flow basis .

Book value grew by 6.66 % sequentially to $23.02 per share, 144.22% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.71 per share from $ 13.72.

Company issued 8.18 million shares or 4.39 % in Dec 31 2023.
Interest Coverage Ratio was 13.54. Debt Coverage Ratio was 0.58.

More on ARES's Balance Sheets

 Market Capitalization (Millions) 25,305
 Shares Outstanding (Millions) 194
 Total Debt (Millions $) 2,965
 Revenue (TTM) (Millions $) 4,647
 Net Income (TTM) (Millions $) 886
 Cash Flow (TTM) (Millions $) -42
 Capital Exp. (TTM) (Millions $) -67
 Dividend TTM ($) 5.47 $
 Dividend Yield TTM (%) 4.28 %
 Employees (TTM) $ 870
   


  News about Ares Management Corporation Earnings

Ares Management Corporation Reports Impressive Financial Performance for Q4 20232.

The stock market is a constantly evolving landscape, where investors are always on the lookout for promising opportunities. In this regard, Ares Management Corporation (NYSE: ARES) has recently reported impressive financial results for its fourth quarter and full year ended December 31, 2023, showcasing its commitment to growth and profitability.
The highlight of Ares Management Corporation's financial performance in the October to December 31, 2023 time-frame was the remarkable double-digit revenue advance of 19.389%, amounting to $1.34 billion. This surge in revenue, coupled with a modest profits advance of 11.81% to $0.74 per share, demonstrates the company's ability to generate substantial returns fo...

Enhancing Financial Outlook: Ares Management Corporation Witnesses Minimal -3.138% Downturn in Revenue Amidst Current Fiscal Period

Ares Management Corporation (NYSE:ARES) has recently announced its financial results f...

Ares Management Corporation Shocks Industry by Doubling EPS and Surging Profits by an Astonishing 212.5% in Q2, 2023!

Ares Management Corporation, an Investment Services company, has showcased exceptional performance in its fiscal interval closing on June 30, 2023. The company's revenue witnessed a remarkable surge of 57.466%, reaching an impressive $1.33 billion. Moreover, the earnings per share more than doubled by 212.5%, reaching $0.75 per share, compared to the same reporting season a year ago.
This outstanding performance is particularly significant when juxtaposed with the downward trajectory experienced by most contemporaries in the Investment Services industry during the same period. While other companies in the industry were facing business demise, Ares Management Corporation defied the odds and achieved subst...

Ares Management Corporation Generates Disappointing First Quarter Results, with Falling Return on Assets

Ares Management Corporation is a global alternative investment management firm that specializes in managing ...


Date modified: 2024-02-27T17:32:38+00:00





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