Analysts expect that Apollo Investment Corp. (NASDAQ:AINV) will announce $71.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Apollo Investment’s earnings. The highest sales estimate is $72.20 million and the lowest is $71.09 million. Apollo Investment reported sales of $64.04 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The company is expected to report its next earnings results on Wednesday, February 5th.
According to Zacks, analysts expect that Apollo Investment will report full-year sales of $286.80 million for the current fiscal year, with estimates ranging from $279.52 million to $297.97 million. For the next year, analysts anticipate that the company will post sales of $294.18 million, with estimates ranging from $287.09 million to $306.38 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Apollo Investment.
Apollo Investment (NASDAQ:AINV) last announced its earnings results on Tuesday, November 5th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. The business had revenue of $70.32 million during the quarter, compared to analysts’ expectations of $68.67 million. Apollo Investment had a net margin of 23.47% and a return on equity of 10.39%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS.
A number of equities research analysts recently weighed in on AINV shares. Compass Point cut Apollo Investment from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a report on Monday, September 16th. ValuEngine cut Apollo Investment from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. BidaskClub upgraded Apollo Investment from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. TheStreet cut Apollo Investment from a “b-” rating to a “c” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada initiated coverage on shares of Apollo Investment in a research report on Tuesday, November 12th. They set a “sector perform” rating and a $17.00 price target on the stock. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Apollo Investment currently has a consensus rating of “Hold” and an average price target of $16.71.
Shares of AINV opened at $17.18 on Tuesday. The company has a market capitalization of $1.14 billion, a P/E ratio of 9.49, a PEG ratio of 8.94 and a beta of 1.11. Apollo Investment has a one year low of $12.05 and a one year high of $17.22. The business’s 50 day simple moving average is $16.40 and its 200-day simple moving average is $16.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.36 and a quick ratio of 1.36.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 10.48%. The ex-dividend date is Thursday, December 19th. Apollo Investment’s dividend payout ratio is 99.45%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. acquired a new stake in shares of Apollo Investment in the 2nd quarter valued at $26,000. BNP Paribas Arbitrage SA acquired a new position in shares of Apollo Investment during the second quarter valued at $41,000. Tower Research Capital LLC TRC boosted its holdings in Apollo Investment by 117.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,159 shares of the asset manager’s stock valued at $67,000 after acquiring an additional 2,245 shares during the last quarter. TCI Wealth Advisors Inc. boosted its holdings in Apollo Investment by 141.4% in the third quarter. TCI Wealth Advisors Inc. now owns 5,050 shares of the asset manager’s stock valued at $81,000 after acquiring an additional 2,958 shares during the last quarter. Finally, Barclays PLC increased its position in Apollo Investment by 3,528.6% in the third quarter. Barclays PLC now owns 5,040 shares of the asset manager’s stock worth $81,000 after purchasing an additional 5,187 shares during the period. Hedge funds and other institutional investors own 39.46% of the company’s stock.
Apollo Investment Company Profile
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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