Analysts expect Apollo Investment Corp. (NASDAQ:AINV) to report earnings per share (EPS) of $0.43 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Apollo Investment’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.46. Apollo Investment reported earnings per share of $0.45 in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.4%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, November 5th.
According to Zacks, analysts expect that Apollo Investment will report full-year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.76 to $1.87. For the next fiscal year, analysts forecast that the firm will post 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 research analysts that cover Apollo Investment.
Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings results on Tuesday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The company had revenue of $66.52 million during the quarter, compared to analyst estimates of $65.60 million. Apollo Investment had a net margin of 31.99% and a return on equity of 9.88%. During the same period last year, the business earned $0.45 EPS.
Several research analysts recently issued reports on the stock. ValuEngine lowered shares of Apollo Investment from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Compass Point lowered shares of Apollo Investment from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Monday, September 16th. Wells Fargo & Co lowered shares of Apollo Investment from an “outperform” rating to a “market perform” rating and set a $17.00 price target for the company. in a research note on Wednesday, August 7th. BidaskClub upgraded shares of Apollo Investment from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Zacks Investment Research lowered shares of Apollo Investment from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.14.
Shares of Apollo Investment stock traded up $0.09 during trading on Wednesday, hitting $15.98. The company’s stock had a trading volume of 26,782 shares, compared to its average volume of 341,902. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day simple moving average of $16.12 and a two-hundred day simple moving average of $16.01. The company has a market capitalization of $1.09 billion, a PE ratio of 8.83, a P/E/G ratio of 8.80 and a beta of 1.09. Apollo Investment has a 52 week low of $12.05 and a 52 week high of $17.00.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Friday, September 20th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.80 dividend on an annualized basis and a yield of 11.26%. Apollo Investment’s dividend payout ratio is currently 99.45%.
Large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. bought a new stake in Apollo Investment during the 2nd quarter valued at about $26,000. Arlington Partners LLC bought a new stake in Apollo Investment during the 2nd quarter valued at about $36,000. BNP Paribas Arbitrage SA bought a new stake in Apollo Investment during the 2nd quarter valued at about $41,000. TCI Wealth Advisors Inc. increased its stake in Apollo Investment by 141.4% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 5,050 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 2,958 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in Apollo Investment by 13.5% during the 1st quarter. Advisory Services Network LLC now owns 6,250 shares of the asset manager’s stock valued at $95,000 after purchasing an additional 744 shares in the last quarter. Institutional investors and hedge funds own 41.20% of the company’s stock.
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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