Brokerages Expect Apollo Investment Corp. (AINV) Will Post Earnings of $0.15 Per Share
Equities analysts forecast that Apollo Investment Corp. (NASDAQ:AINV) will post $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Apollo Investment’s earnings, with estimates ranging from $0.15 to $0.16. Apollo Investment posted earnings of $0.16 per share during the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The business is scheduled to issue its next quarterly earnings report on Friday, November 2nd.
On average, analysts expect that Apollo Investment will report full year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.63. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.67 per share, with EPS estimates ranging from $0.62 to $0.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Apollo Investment.
Apollo Investment (NASDAQ:AINV) last issued its quarterly earnings results on Wednesday, August 8th. The asset manager reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $63.60 million for the quarter, compared to analysts’ expectations of $62.38 million. Apollo Investment had a net margin of 27.90% and a return on equity of 9.20%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS.
Shares of Apollo Investment stock remained flat at $$5.77 on Friday. 710,151 shares of the stock traded hands, compared to its average volume of 641,646. The stock has a market cap of $1.24 billion, a PE ratio of 9.46, a PEG ratio of 1.86 and a beta of 0.93. Apollo Investment has a 1-year low of $5.18 and a 1-year high of $6.37. The company has a quick ratio of 0.42, a current ratio of 0.81 and a debt-to-equity ratio of 0.79.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 9th. Investors of record on Monday, September 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date is Friday, September 21st. Apollo Investment’s dividend payout ratio (DPR) is 98.36%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Apollo Investment by 7.9% in the 4th quarter. BlackRock Inc. now owns 1,424,746 shares of the asset manager’s stock valued at $8,064,000 after acquiring an additional 104,715 shares during the last quarter. Deutsche Bank AG increased its holdings in Apollo Investment by 5.0% in the 4th quarter. Deutsche Bank AG now owns 407,027 shares of the asset manager’s stock valued at $2,303,000 after acquiring an additional 19,311 shares during the last quarter. Global X Management Co. LLC bought a new stake in Apollo Investment in the 1st quarter valued at $227,000. Wells Fargo & Company MN increased its holdings in Apollo Investment by 10.7% in the 1st quarter. Wells Fargo & Company MN now owns 3,974,336 shares of the asset manager’s stock valued at $20,747,000 after acquiring an additional 385,710 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in Apollo Investment by 12.3% in the 1st quarter. Trexquant Investment LP now owns 92,382 shares of the asset manager’s stock valued at $482,000 after acquiring an additional 10,100 shares during the last quarter. Institutional investors own 47.33% of the company’s stock.
About Apollo Investment
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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