Ares Capital Stock Up Slightly as Solid Growth Expected Despite Premium Valuation
• Ares Capital (ARCC) stock rose 0.93% on Tuesday, lagging behind broader market gains
• ARCC earnings are expected to grow 3.57% year-over-year in the next quarterly report
• Consensus estimates call for ARCC fiscal year earnings per share of $2.32 and revenue of $2.84 billion
• ARCC trades at a premium valuation compared to industry peers, with a Forward P/E of 8.85
• Zacks Investment Research recommends ARCC as a #3 (Hold) ranked stock currently