Apollo Investment Corporation (AINV) Expected to Announce Earnings of $0.16 Per Share
Equities analysts expect that Apollo Investment Corporation (NASDAQ:AINV) will report earnings per share (EPS) of $0.16 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Apollo Investment’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.16. Apollo Investment reported earnings per share of $0.17 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.9%. The company is scheduled to report its next quarterly earnings report on Monday, February 5th.
According to Zacks, analysts expect that Apollo Investment will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.62 to $0.63. For the next year, analysts expect that the business will post earnings of $0.66 per share, with EPS estimates ranging from $0.63 to $0.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Apollo Investment.
Apollo Investment (NASDAQ:AINV) last posted its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $66.46 million for the quarter, compared to analysts’ expectations of $67.75 million. Apollo Investment had a net margin of 29.87% and a return on equity of 9.51%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS.
Several research firms recently commented on AINV. SunTrust Banks reaffirmed a “buy” rating on shares of Apollo Investment in a research report on Friday, November 3rd. ValuEngine raised shares of Apollo Investment from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub cut shares of Apollo Investment from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Jefferies Group reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Apollo Investment in a research report on Friday, September 22nd. Finally, Raymond James Financial raised shares of Apollo Investment from a “market perform” rating to an “outperform” rating and set a $7.00 price objective on the stock in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $6.41.
Shares of Apollo Investment (NASDAQ:AINV) opened at $5.85 on Friday. The company has a market cap of $1,280.00, a price-to-earnings ratio of 9.08, a P/E/G ratio of 1.89 and a beta of 0.93. Apollo Investment has a 52-week low of $5.69 and a 52-week high of $6.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.61 and a quick ratio of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, December 20th. This represents a $0.60 annualized dividend and a yield of 10.26%. Apollo Investment’s dividend payout ratio (DPR) is presently 166.67%.
A number of large investors have recently modified their holdings of the business. Muzinich & Co. Inc. lifted its position in Apollo Investment by 8.1% during the 2nd quarter. Muzinich & Co. Inc. now owns 9,566,415 shares of the asset manager’s stock worth $61,129,000 after buying an additional 720,293 shares in the last quarter. Wells Fargo & Company MN lifted its position in Apollo Investment by 4.5% during the 3rd quarter. Wells Fargo & Company MN now owns 3,030,493 shares of the asset manager’s stock worth $18,516,000 after buying an additional 129,374 shares in the last quarter. Van ECK Associates Corp lifted its position in Apollo Investment by 1.2% during the 3rd quarter. Van ECK Associates Corp now owns 1,538,895 shares of the asset manager’s stock worth $9,403,000 after buying an additional 18,131 shares in the last quarter. Nomura Holdings Inc. lifted its position in Apollo Investment by 10.4% during the 2nd quarter. Nomura Holdings Inc. now owns 1,342,609 shares of the asset manager’s stock worth $8,591,000 after buying an additional 126,477 shares in the last quarter. Finally, Telemus Capital LLC lifted its position in Apollo Investment by 34.9% during the 3rd quarter. Telemus Capital LLC now owns 1,245,571 shares of the asset manager’s stock worth $7,610,000 after buying an additional 322,123 shares in the last quarter. 46.70% of the stock is currently owned by hedge funds and other institutional investors.
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Apollo Investment Company Profile
Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation. It invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies.
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