Apollo Investment Corp. (NASDAQ:AINV) Expected to Announce Earnings of $0.46 Per Share

Wall Street analysts expect Apollo Investment Corp. (NASDAQ:AINV) to post earnings per share (EPS) of $0.46 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Apollo Investment’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.48. 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 announce its next quarterly earnings report on Wednesday, February 5th.

On average, analysts expect that Apollo Investment will report full year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $2.00. For the next financial year, analysts forecast that the business will post earnings of $1.83 per share, with EPS estimates ranging from $1.78 to $1.89. 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 results on Tuesday, November 5th. The asset manager reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.11. The business had revenue of $70.32 million during the quarter, compared to analyst estimates of $68.67 million. Apollo Investment had a net margin of 23.47% and a return on equity of 10.39%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Apollo Investment from a “sell” rating to a “hold” rating and set a $18.00 target price for the company in a research report on Wednesday, November 6th. ValuEngine downgraded shares of Apollo Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. TheStreet downgraded shares of Apollo Investment from a “b-” rating to a “c” rating in a research note on Wednesday, November 6th. Royal Bank of Canada initiated coverage on shares of Apollo Investment in a research note on Tuesday, November 12th. They set a “sector perform” rating and a $17.00 price target on the stock. Finally, BidaskClub raised shares of Apollo Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Apollo Investment currently has an average rating of “Hold” and an average price target of $16.71.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new position in Apollo Investment during the 2nd quarter worth about $26,000. BNP Paribas Arbitrage SA bought a new position in Apollo Investment during the 2nd quarter worth about $41,000. Tower Research Capital LLC TRC grew its holdings in Apollo Investment by 117.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,159 shares of the asset manager’s stock worth $67,000 after acquiring an additional 2,245 shares in the last quarter. TCI Wealth Advisors Inc. grew its holdings 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 worth $81,000 after acquiring an additional 2,958 shares in the last quarter. Finally, Barclays PLC grew its holdings in Apollo Investment by 3,528.6% during the 3rd quarter. Barclays PLC now owns 5,040 shares of the asset manager’s stock worth $81,000 after acquiring an additional 5,187 shares in the last quarter. Hedge funds and other institutional investors own 39.46% of the company’s stock.

Shares of NASDAQ:AINV traded down $0.02 during midday trading on Friday, reaching $17.15. 2,270 shares of the company were exchanged, compared to its average volume of 351,871. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.26. The business’s fifty day moving average is $16.43 and its two-hundred day moving average is $16.21. Apollo Investment has a one year low of $12.05 and a one year high of $17.23. The stock has a market cap of $1.14 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 8.94 and a beta of 1.11.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 20th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.50%. The ex-dividend date of this dividend is Thursday, December 19th. Apollo Investment’s payout ratio is presently 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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Earnings History and Estimates for Apollo Investment (NASDAQ:AINV)

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