Equities analysts expect Apollo Investment Corp. (NASDAQ:AINV) to announce earnings of $0.43 per share for the current quarter, Zacks reports. Four analysts have made estimates for Apollo Investment’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.38. Apollo Investment reported earnings per share of $0.45 in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.4%. The business is expected to issue its next quarterly earnings report on Tuesday, October 29th.
On average, analysts expect that Apollo Investment will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.70 to $1.87. For the next year, analysts anticipate that the firm will post earnings of $1.80 per share, with EPS estimates ranging from $1.65 to $1.89. Zacks Investment Research’s EPS averages 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 results on Tuesday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The firm had revenue of $66.52 million for 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 quarter in the previous year, the firm posted $0.45 EPS.
Several equities research analysts have issued reports on the stock. National Securities reissued a “neutral” rating and issued a $18.00 price target on shares of Apollo Investment in a report on Monday, May 20th. ValuEngine raised Apollo Investment from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. BidaskClub lowered Apollo Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, June 11th. TheStreet upgraded Apollo Investment from a “c” rating to a “b-” rating in a research report on Friday, June 7th. Finally, Zacks Investment Research lowered Apollo Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.50.
Apollo Investment stock traded down $0.07 on Thursday, hitting $15.83. The company’s stock had a trading volume of 385,305 shares, compared to its average volume of 342,620. The firm has a market cap of $1.08 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 8.84 and a beta of 1.11. 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 has a fifty day moving average price of $16.21 and a 200-day moving average price of $15.74. Apollo Investment has a one year low of $12.05 and a one year high of $17.25.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Friday, September 20th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $1.80 annualized dividend and a dividend yield of 11.37%. Apollo Investment’s dividend payout ratio (DPR) is presently 99.45%.
Institutional investors have recently made changes to their positions in the company. Green Square Asset Management LLC purchased a new position in Apollo Investment in the 2nd quarter worth approximately $1,220,000. OneAscent Financial Services LLC acquired a new position in Apollo Investment during the 2nd quarter valued at $208,000. Centaurus Financial Inc. raised its stake in Apollo Investment by 4,943.2% during the 2nd quarter. Centaurus Financial Inc. now owns 23,955 shares of the asset manager’s stock valued at $378,000 after purchasing an additional 23,480 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Apollo Investment during the 2nd quarter valued at $394,000. Finally, Bank of America Corp DE raised its stake in Apollo Investment by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 178,333 shares of the asset manager’s stock valued at $2,817,000 after purchasing an additional 1,510 shares during the last quarter. Hedge funds and other institutional investors own 42.19% 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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