Ares Capital posts slight Q1 earnings miss as NAV, investing activity rises

seekingalpha05-01

Ares Capital (NASDAQ:ARCC) Q1 earnings fell just short of the Wall Street consensus even as its investing activity picked up and its net asset value per share reached a record. Q1 core EPS of $0.59,...

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Q1 core EPS of $0.59,...</p>\n\n<a href=\"https://seekingalpha.com/news/4096724-ares-capital-q1-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NAV","symbol_name":"纳威司达","start_time":0,"source_url":"https://seekingalpha.com/news/4096724-ares-capital-q1-earnings","article_id":"2432070572","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1129810557/image_1129810557.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432070572","pubTimestamp":1714570127,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Ares Capital (NASDAQ:ARCC) Q1 earnings fell just short of the Wall Street consensus even as its investing activity picked up and its net asset value per share reached a record.  Q1 core EPS of $0.59,m","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NAV":"纳威司达","ARCC":"阿瑞斯","AACT.U":"ARES ACQUISITION CORPORATION II UNIT 1 CL A & 1/2 WT"},"translate_title":"Ares Capital公布Q1收益略有下降，资产净值和投资活动增加","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AACT.U":1,"ARCC":1,"NAV":1},"content_text":"Ares Capital (NASDAQ:ARCC) Q1 earnings fell just short of the Wall Street consensus even as its investing activity picked up and its net asset value per share reached a record.  Q1 core EPS of $0.59,missing the average analyst estimate of $0.60, fell from $0.63 in the previous quarter and rose from $0.57 a year ago. Net investment income of $325M declined from $345M in Q4 2023 and increased from $318M in Q1 2023. Interest income from investments slipped to $513M, vs. the Visible Alpha consensus of $530.7M, from $521M in Q4 and climbed from $470M in Q1 2023. \"We are off to a strong start to the year, with a healthy level of earnings, low non-accruals, moderate leverage, increased year-over-year investment activity and record net asset value per share,\" said CEO Kipp deVeer. Net asset per share climbed to $19.53 at the end of Q1 rm $19.24 at the end of Q4. Ares Capital's (ARCC) debt-equity ratio declined to 0.99x at March 31, 2024, from 1.07x at Dec. 31, 2023. Expenses totaled $369M, increasing from $353M in the prior quarter and $298M a year ago. Portfolio investments at fair value rose to $23.1B at March 31, 2024, from $22.9B at Dec. 31. 2023. During the quarter, Ares Capital (ARCC) made gross commitments of $3.55B vs. $2.38B in the previous quarter and $766M a year ago. Exits of commitments came to $3.41B vs. $1.43B in Q4 and $1.88B in Q1 2023. As of April 24, 2024, the company's investment backlog stood at $1.3B and pipeline was $30M. From April 1 through April 24, 2024, ARCC made new investment commitments of ~$1.2B, of which ~$1.1B were funded. During the same period it exited ~$249M of investment commitments. Conference call at 10:00 AM ET. Earlier, Ares Capital non-GAAP EPS of $0.59 misses by $0.01 More on Ares Capital  Ares Capital: Floating Interests Would Be Affected By Rate Cuts Ares Capital: The Investment Attractiveness Has Increased Despite The Share Price Run Up Ares Capital: High Quality But Awaiting Better Entry (Downgrade)","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432070572"}