Ares Management Q3 revenue beats estimates on increased investment activity 

Overview

• US alternative asset manager's Q3 revenue beat analyst expectations

• Adjusted EPS for Q3 missed analyst expectations

• Company declared quarterly dividend of $1.35 per share

Outlook

• Company expects another record year in fundraising with strong Q4 visibility

• Ares expects to meet or exceed key financial objectives for 2026

• Company sees continued management fee and earnings growth in 2027 and beyond from embedded capital

Result Drivers

• CAPITAL RAISING - Co said strong capital raising across multiple investment groups contributed to Q3 results, per CEO Michael Arougheti

• INVESTMENT ACTIVITY - Co said increased investment activity across diversified strategies supported results

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy"

• Wall Street's median 12-month price target for Ares Management Corporation is $145.00, about 17.1% above its October 28 closing price of $123.82

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)