Apollo Investment Co. (NASDAQ:AINV) Expected to Post Earnings of $0.34 Per Share

Brokerages expect that Apollo Investment Co. (NASDAQ:AINVGet Rating) will announce earnings of $0.34 per share for the current quarter, Zacks reports. Three analysts have made estimates for Apollo Investment’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.33. Apollo Investment reported earnings of $0.39 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.8%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Apollo Investment will report full year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.40 to $1.42. For the next year, analysts forecast that the business will post earnings of $1.41 per share, with EPS estimates ranging from $1.35 to $1.46. Zacks’ EPS averages are an average based on a survey of research analysts that cover Apollo Investment.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Apollo Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Citigroup upgraded shares of Apollo Investment from a “sell” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $13.50 in a research report on Monday, February 7th. Finally, StockNews.com assumed coverage on shares of Apollo Investment in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Apollo Investment presently has an average rating of “Hold” and a consensus target price of $13.44.

NASDAQ:AINV traded up $0.02 during midday trading on Thursday, reaching $11.86. The stock had a trading volume of 6,805 shares, compared to its average volume of 343,017. Apollo Investment has a 1-year low of $11.75 and a 1-year high of $15.27. The firm’s fifty day simple moving average is $13.12 and its 200-day simple moving average is $13.16. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $754.85 million, a P/E ratio of 6.40 and a beta of 1.72.

Apollo Investment declared that its board has approved a share repurchase program on Thursday, February 3rd that allows the company to buyback $25.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Large investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in shares of Apollo Investment by 146.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,037 shares of the asset manager’s stock worth $26,000 after acquiring an additional 1,210 shares during the period. UMB Bank N A MO bought a new position in shares of Apollo Investment during the 4th quarter worth about $60,000. National Asset Management Inc. bought a new position in shares of Apollo Investment during the 3rd quarter worth about $136,000. NinePointTwo Capital LLC bought a new position in shares of Apollo Investment during the 3rd quarter worth about $149,000. Finally, Pictet & Cie Europe SA bought a new position in shares of Apollo Investment during the 3rd quarter worth about $154,000. 30.83% of the stock is owned by institutional investors.

Apollo Investment Company Profile (Get Rating)

Apollo Investment Corporation is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.

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Earnings History and Estimates for Apollo Investment (NASDAQ:AINV)

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