$66.37 Million in Sales Expected for Apollo Investment Corp. (AINV) This Quarter
Wall Street analysts forecast that Apollo Investment Corp. (NASDAQ:AINV) will announce sales of $66.37 million for the current quarter, Zacks reports. Four analysts have issued estimates for Apollo Investment’s earnings. The highest sales estimate is $66.94 million and the lowest is $65.53 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 business is scheduled to announce its next quarterly earnings report on Monday, February 5th.
On average, 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 year, analysts forecast that the firm will report sales of $283.23 million per share, with estimates ranging from $281.95 million to $285.39 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Apollo Investment.
Apollo Investment (NASDAQ:AINV) last announced its quarterly earnings data on Friday, November 3rd. The asset manager reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $66.46 million for the quarter, compared to analysts’ expectations of $67.75 million. Apollo Investment had a net margin of 29.87% and a return on equity of 9.51%. Apollo Investment’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS.
Several institutional investors have recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. boosted its position in shares of Apollo Investment by 8.1% in the 2nd quarter. Muzinich & Co. Inc. now owns 9,566,415 shares of the asset manager’s stock worth $61,129,000 after buying an additional 720,293 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Apollo Investment by 4.5% in the 3rd quarter. Wells Fargo & Company MN now owns 3,030,493 shares of the asset manager’s stock worth $18,516,000 after buying an additional 129,374 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Apollo Investment by 1.2% in the 3rd quarter. Van ECK Associates Corp now owns 1,538,895 shares of the asset manager’s stock worth $9,403,000 after buying an additional 18,131 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of Apollo Investment by 10.4% in the 2nd quarter. Nomura Holdings Inc. now owns 1,342,609 shares of the asset manager’s stock worth $8,591,000 after buying an additional 126,477 shares in the last quarter. Finally, Telemus Capital LLC boosted its position in shares of Apollo Investment by 34.9% in the 3rd quarter. Telemus Capital LLC now owns 1,245,571 shares of the asset manager’s stock worth $7,610,000 after buying an additional 322,123 shares in the last quarter. Institutional investors and hedge funds own 46.42% of the company’s stock.
Apollo Investment (NASDAQ:AINV) opened at $5.74 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market cap of $1,250.00, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.81 and a beta of 0.93. Apollo Investment has a 12 month low of $5.60 and a 12 month high of $6.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 10.45%. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Apollo Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Investment and related stocks with our FREE daily email newsletter.