Analysts Anticipate Apollo Investment Corp. (AINV) Will Announce Earnings of $0.16 Per Share

Brokerages expect Apollo Investment Corp. (NASDAQ:AINV) to post $0.16 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Apollo Investment’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.15. Apollo Investment reported earnings per share of $0.17 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.9%. The company is expected to issue its next quarterly earnings results 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 financial year, with EPS estimates ranging from $0.62 to $0.63. For the next fiscal year, analysts expect that the business will report earnings of $0.66 per share, with EPS estimates ranging from $0.63 to $0.68. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Apollo Investment.

Apollo Investment (NASDAQ:AINV) last released its quarterly earnings results on Friday, November 3rd. The asset manager reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Apollo Investment had a net margin of 29.87% and a return on equity of 9.51%. The firm had revenue of $66.46 million during the quarter, compared to analyst estimates of $67.75 million. During the same period in the previous year, the business earned $0.18 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis.

AINV has been the topic of a number of recent research reports. Compass Point initiated coverage on shares of Apollo Investment in a report on Thursday, November 2nd. They issued a “neutral” rating and a $6.25 price objective on the stock. JPMorgan Chase & Co. cut their price target on shares of Apollo Investment from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Keefe, Bruyette & Woods set a $7.00 price target on shares of Apollo Investment and gave the company a “hold” rating in a report on Thursday, October 5th. BMO Capital Markets reiterated a “hold” rating and set a $6.00 price target on shares of Apollo Investment in a report on Wednesday, November 15th. Finally, TheStreet upgraded shares of Apollo Investment from a “c” rating to a “b-” rating in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Apollo Investment currently has an average rating of “Hold” and an average price target of $6.41.

Shares of Apollo Investment (NASDAQ:AINV) traded up $0.02 during trading hours on Monday, hitting $5.72. 940,786 shares of the stock traded hands, compared to its average volume of 1,200,000. The company has a market capitalization of $1,250.00, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.59. Apollo Investment has a 52-week low of $5.60 and a 52-week high of $6.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be paid a $0.15 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.49%. Apollo Investment’s payout ratio is currently 166.67%.

Several hedge funds have recently added to or reduced their stakes in AINV. Rhumbline Advisers lifted its holdings in Apollo Investment by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 16,708 shares of the asset manager’s stock valued at $107,000 after buying an additional 58 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Apollo Investment by 0.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,016 shares of the asset manager’s stock worth $115,000 after acquiring an additional 168 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Apollo Investment by 0.7% during the 2nd quarter. Pinebridge Investments L.P. now owns 63,452 shares of the asset manager’s stock worth $405,000 after acquiring an additional 433 shares in the last quarter. GAM Holding AG raised its stake in shares of Apollo Investment by 2.7% during the 2nd quarter. GAM Holding AG now owns 16,652 shares of the asset manager’s stock worth $106,000 after acquiring an additional 441 shares in the last quarter. Finally, Green Square Capital LLC raised its stake in shares of Apollo Investment by 1.6% during the 2nd quarter. Green Square Capital LLC now owns 56,976 shares of the asset manager’s stock worth $373,000 after acquiring an additional 919 shares in the last quarter. 46.42% of the stock is owned by hedge funds and other institutional investors.

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About Apollo Investment

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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