Apollo Investment Corporation (AINV) Expected to Announce Earnings of $0.15 Per Share
Wall Street analysts forecast that Apollo Investment Corporation (NASDAQ:AINV) will post earnings per share of $0.15 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Apollo Investment Corporation’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.16. Apollo Investment Corporation reported earnings of $0.18 per share during the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The firm is scheduled to issue its next quarterly earnings report on Friday, August 4th.
On average, analysts expect that Apollo Investment Corporation will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.65. For the next fiscal year, analysts anticipate that the company will report earnings of $0.64 per share, with EPS estimates ranging from $0.61 to $0.68. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Apollo Investment Corporation.
Apollo Investment Corporation (NASDAQ:AINV) last released its quarterly earnings results on Friday, August 4th. The asset manager reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Apollo Investment Corporation had a net margin of 33.04% and a return on equity of 9.75%. The business had revenue of $66.70 million for the quarter, compared to the consensus estimate of $65.19 million. During the same period last year, the firm earned $0.17 earnings per share. The company’s quarterly revenue was down 12.8% on a year-over-year basis.
AINV has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Apollo Investment Corporation in a report on Tuesday, April 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $6.50 price objective on shares of Apollo Investment Corporation in a report on Friday, April 28th. Zacks Investment Research downgraded shares of Apollo Investment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. National Securities reaffirmed a “neutral” rating and issued a $6.00 price objective on shares of Apollo Investment Corporation in a report on Thursday, May 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Apollo Investment Corporation in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Apollo Investment Corporation presently has a consensus rating of “Hold” and a consensus target price of $6.40.
Institutional investors have recently bought and sold shares of the stock. Karp Capital Management Corp purchased a new position in Apollo Investment Corporation during the first quarter valued at about $101,000. Atria Investments LLC purchased a new position in Apollo Investment Corporation during the second quarter valued at about $103,000. Rhumbline Advisers boosted its position in Apollo Investment Corporation by 0.3% in the second 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. Daiwa Securities Group Inc. purchased a new position in Apollo Investment Corporation during the first quarter valued at about $115,000. Finally, Aperio Group LLC boosted its position in Apollo Investment Corporation by 22.3% in the second quarter. Aperio Group LLC now owns 18,744 shares of the asset manager’s stock valued at $120,000 after buying an additional 3,417 shares in the last quarter. Hedge funds and other institutional investors own 46.29% of the company’s stock.
Apollo Investment Corporation (NASDAQ AINV) opened at 6.36 on Monday. Apollo Investment Corporation has a 52-week low of $5.42 and a 52-week high of $6.82. The firm has a 50-day moving average of $6.38 and a 200 day moving average of $6.36.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend is Wednesday, September 20th. Apollo Investment Corporation’s dividend payout ratio is currently 150.00%.
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Apollo Investment Corporation Company Profile
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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