Ares Capital Q3 core EPS meets estimates
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Ares Capital reported Q3 core EPS of $0.50, meeting analyst expectations, while GAAP net income per share fell to $0.57 from $0.62 year-over-year. The company maintained its dividend at $0.48 per share and made $3.9 billion in new investment commitments. Ares Capital raised over $1 billion in new debt capital, enhancing its balance sheet. Analysts have a "buy" rating on the stock, with a median 12-month price target of $23.00, reflecting an 11.7% upside from its recent closing price of $20.32.
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