Apollo Investment Corp. (NASDAQ:AINV) issued its quarterly earnings data on Friday. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.12, AnalystRatings.Net reports. The company had revenue of $93.70 million for the quarter, compared to the consensus estimate of $92.98 million. During the same quarter last year, the company posted $0.22 earnings per share. Apollo Investment Corp.’s revenue was up 11.8% compared to the same quarter last year.
On the ratings front, analysts at Zacks upgraded shares of Apollo Investment Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. They now have a $9.20 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.24.
Apollo Investment Corp. (NASDAQ:AINV) opened at 8.58 on Monday. Apollo Investment Corp. has a 52-week low of $7.21 and a 52-week high of $9.08. The stock has a 50-day moving average of $8.36 and a 200-day moving average of $8.23. The company has a market cap of $1.928 billion and a price-to-earnings ratio of 13.22.
Apollo Investment Corporation (NASDAQ:AINV) is a closed-end, non-diversified management investment company that has elected to be treated as a business development company.
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