Brokerages expect Apollo Investment Corp. (NASDAQ:AINV) to announce earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Apollo Investment’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.45. Apollo Investment reported earnings of $0.45 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 29th.
On average, analysts expect that Apollo Investment will report full-year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $1.87. For the next year, analysts anticipate that the business will report earnings of $1.80 per share, with EPS estimates ranging from $1.65 to $1.89. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Apollo Investment.
Apollo Investment (NASDAQ:AINV) last announced its quarterly earnings data on Tuesday, August 6th. The asset manager reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.04. Apollo Investment had a return on equity of 9.88% and a net margin of 31.99%. The firm had revenue of $66.52 million for the quarter, compared to analyst estimates of $65.60 million. During the same quarter in the prior year, the company posted $0.45 earnings per share.
AINV has been the topic of a number of recent analyst reports. Wells Fargo & Co lowered Apollo Investment from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a report on Wednesday, August 7th. BidaskClub lowered Apollo Investment from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. Compass Point lowered Apollo Investment from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Monday, September 16th. TheStreet raised Apollo Investment from a “c” rating to a “b-” rating in a report on Friday, June 7th. Finally, Zacks Investment Research lowered Apollo Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.43.
A number of institutional investors have recently bought and sold shares of AINV. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Apollo Investment in the first quarter valued at $317,000. Advisor Group Inc. lifted its position in shares of Apollo Investment by 25.7% in the first quarter. Advisor Group Inc. now owns 187,097 shares of the asset manager’s stock valued at $2,833,000 after acquiring an additional 38,265 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Apollo Investment by 26.1% in the first quarter. Wells Fargo & Company MN now owns 1,901,653 shares of the asset manager’s stock valued at $28,791,000 after acquiring an additional 393,440 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Apollo Investment in the first quarter valued at $433,000. Finally, Alphasimplex Group LLC purchased a new stake in shares of Apollo Investment in the first quarter valued at $1,434,000. 41.31% of the stock is currently owned by institutional investors.
AINV stock traded down $0.10 on Monday, reaching $16.09. 237,543 shares of the company’s stock were exchanged, compared to its average volume of 331,741. The stock has a fifty day moving average of $16.38 and a 200-day moving average of $15.96. Apollo Investment has a twelve month low of $12.05 and a twelve month high of $17.00. The firm has a market cap of $1.10 billion, a PE ratio of 8.89, a P/E/G ratio of 8.99 and a beta of 1.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.05.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Friday, September 20th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 11.19%. The ex-dividend date of this dividend is Thursday, September 19th. Apollo Investment’s dividend payout ratio (DPR) is 99.45%.
Apollo Investment Company Profile
Apollo Investment Corporation is business development company specializing in middle market companies. It provides direct equity capital, mezzanine and senior secured loans, unsecured debt, and subordinated debt and loans. It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.
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