Equities research analysts expect Apollo Investment Corp. (NASDAQ:AINV) to report $66.37 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Apollo Investment’s earnings. The lowest sales estimate is $65.53 million and the highest is $66.94 million. Apollo Investment reported sales of $68.07 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.5%. The firm is expected to issue its next earnings results before the market opens on Wednesday, February 7th.
According to Zacks, analysts expect that Apollo Investment will report full-year sales of $66.37 million for the current fiscal year, with estimates ranging from $265.18 million to $267.76 million. For the next fiscal year, analysts anticipate that the company will post sales of $283.23 million per share, with estimates ranging from $281.95 million to $285.39 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Apollo Investment.
Apollo Investment (NASDAQ:AINV) last announced its quarterly earnings results on Friday, November 3rd. The asset manager reported $0.16 earnings per share for the quarter, meeting the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $67.75 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in AINV. Alpha Windward LLC bought a new stake in Apollo Investment during the third quarter worth $462,000. Wells Fargo & Company MN raised its position in Apollo Investment by 4.5% during the third quarter. Wells Fargo & Company MN now owns 3,030,493 shares of the asset manager’s stock worth $18,516,000 after acquiring an additional 129,374 shares in the last quarter. Muzinich & Co. Inc. raised its position in Apollo Investment by 8.1% during the second quarter. Muzinich & Co. Inc. now owns 9,566,415 shares of the asset manager’s stock worth $61,129,000 after acquiring an additional 720,293 shares in the last quarter. Commonwealth Equity Services Inc raised its position in Apollo Investment by 12.5% during the third quarter. Commonwealth Equity Services Inc now owns 302,986 shares of the asset manager’s stock worth $1,851,000 after acquiring an additional 33,747 shares in the last quarter. Finally, AHL Partners LLP raised its position in Apollo Investment by 19.2% during the second quarter. AHL Partners LLP now owns 686,774 shares of the asset manager’s stock worth $4,388,000 after acquiring an additional 110,537 shares in the last quarter. 46.51% of the stock is currently owned by institutional investors and hedge funds.
Apollo Investment (NASDAQ:AINV) opened at $5.78 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.59. Apollo Investment has a one year low of $5.60 and a one year high of $6.82. The firm has a market cap of $1,270.00, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 21st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date was Wednesday, December 20th. Apollo Investment’s dividend payout ratio is presently 166.67%.
Apollo Investment 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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