Apollo Investment (AINV) Posts Quarterly Earnings Results

Apollo Investment (NASDAQ:AINV) posted its quarterly earnings results on Friday. The asset manager reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01), Bloomberg Earnings reports. The company had revenue of $61.50 million for the quarter, compared to analyst estimates of $64.17 million. Apollo Investment had a return on equity of 9.45% and a net margin of 28.18%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share.

Shares of Apollo Investment opened at $5.65 on Friday, according to Marketbeat Ratings. The company has a market cap of $1.22 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 1.73 and a beta of 0.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.43 and a current ratio of 0.43. Apollo Investment has a twelve month low of $5.18 and a twelve month high of $6.48.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Thursday, June 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.62%. Apollo Investment’s payout ratio is presently 98.36%.

Several analysts recently commented on the stock. Wells Fargo upgraded shares of Apollo Investment from a “market perform” rating to an “outperform” rating and set a $6.00 price target for the company in a report on Thursday, February 8th. BidaskClub upgraded shares of Apollo Investment from a “strong sell” rating to a “sell” rating in a report on Thursday, March 15th. National Securities restated a “neutral” rating and set a $6.00 price target on shares of Apollo Investment in a report on Thursday, February 8th. SunTrust Banks restated a “buy” rating and set a $6.50 price target on shares of Apollo Investment in a report on Thursday, February 8th. Finally, TheStreet cut shares of Apollo Investment from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Apollo Investment presently has an average rating of “Hold” and a consensus price target of $6.34.

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.

Earnings History for Apollo Investment (NASDAQ:AINV)

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