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Apollo Investment Corporation (NASDAQ:AINV) is scheduled to report its Q1 2013 results on August 8, 2012, before market opens. The Street expects EPS and revenue of $0.20 and $82.38M, respectively.

In this article, I will recap the historical results of the company, its latest EPS estimates vs. surprises, the latest news from AINV and the news from its closest competitors.

Apollo Investment Corporation Revenue and Net Income History

Recent EPS Actuals vs. Estimates

In the last quarter, it reported $0.21 EPS, in-line with analyst estimates.

Apollo Investment Corporation EPS Historical Results vs Estimates

The consensus EPS estimate is $0.20 based on 13 analysts' estimates, down from $0.24 a year ago. Revenue estimates are $82.38M, down from $94.59M a year ago. The median target price by analysts for the stock is $8.00.

Average recommendation: Overweight

Source: Marketwatch

Analyst Upgrades and Downgrades

  • On February 9, 2012, Ladenburg Thalmann upgraded the company from Neutral to Buy.

Latest News

  • On May 23, 2012, Apollo Investment Corp. announced that its Board of Directors has declared a dividend of $0.20 per share for the first fiscal quarter of 2013, payable on July 5, 2012 to stockholders of record as of June 14, 2012.
  • On May 23, 2012, Apollo Investment Corp. announced that Mr. Gregory W. Hunt has joined the Company as its Chief Financial Officer and Treasurer.
  • On April 2, 2012, Apollo Investment Corp. announced that it has initiated a search for a new combined Chief Financial Officer (NASDAQ:CFO) and Treasurer. Mark Harris, who had been appointed to this position in an announcement issued on February 15, 2012, has subsequently notified the company that he will be unable to join the company in a timeframe consistent with the company's mutually agreed upon start date due to exigent circumstances at his current employer.
  • On February 8, 2012, Apollo Investment Corp. announced that its Board of Directors has declared for the fourth fiscal quarter of 2012 a dividend of $0.20 per share, payable on April 3, 2012 to stockholders of record as of February 18, 2012.

Competitors

American Capital (NASDAQ:ACAS), and Prospect Capital Corporation (NASDAQ:PSEC) are competitors for Apollo Investment Corporation and the table below provides the key metrics for these companies and the industry.

Apollo Investment Corporation key ratio comparison with direct competitors

The chart below compares the stock price changes as a percentage for the selected companies and S&P 500 index for the last one-year period.

AINV Chart

AINV data by YCharts

Competitors' Latest Development

  • On May 7, 2012, Prospect Capital Corporation announced that Prospect has declared monthly cash distributions to shareholders in the following amounts and with the following record and payment dates: 10.1525 cents per share for May 2012 (record date of May 31, 2012 and payment date of June 22, 2012); 10.1550 cents per share for June 2012 (record date of June 29, 2012 and payment date of July 24, 2012); 10.1575 cents per share for July 2012 (record date of July 31, 2012 and payment date of August 24, 2012); and 10.1600 cents per share for August 2012 (record date of August 31, 2012 and payment date of September 21, 2012).
  • On April 25, 2012, Prospect Capital Corporation announced that it has priced an underwritten public offering of $100 million in aggregate principal amount of 6.95% senior unsecured notes due 2022.
  • On April 18, 2012, Prospect Capital Corporation announced that Prospect has increased total commitments to its five-year $650 million revolving credit facility (the Facility) by $57.5 million to $482.5 million in the aggregate.
  • On April 11, 2012, Prospect Capital Corporation announced the pricing of $130 million in aggregate principal amount of 5.5-year unsecured 5.375% Convertible Senior Notes Due 2017.
  • On April 10, 2012, Prospect Capital Corporation announced that it intends to privately offer, subject to market and other conditions, $130 million in aggregate principal amount of senior unsecured convertible notes due 2017.
  • On March 13, 2012, American Capital Ltd. announced that it has invested $11.7 million, $20 million together with its affiliates, in the debt and equity of portfolio company Halt Medical, Inc., a medical device company focused on women's health.
  • On February 23, 2012, Prospect Capital Corporation announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock at a price to the public of $10.95 per share.
  • On February 22, 2012, Prospect Capital Corporation announced that it is offering 12,000,000 shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering.
  • On February 16, 2012, American Capital Ltd. announced that its portfolio company Aptara, Inc. (Aptara) was sold to iEnergizer for $144 million on February 7. American Capital and its affiliated funds received $134 million in proceeds, subject to post-closing adjustments, of which approximately $108 million was received by American Capital.
  • On February 7, 2012, Prospect Capital Corporation announced that Prospect has declared monthly cash distributions to shareholders in the following amounts and with the following record and payment dates: 10.1450 cents per share for February 2012 (record date of February 29, 2012 and payment date of March 23, 2012); and 10.1475 cents per share for March 2012 (record date of March 30, 2012 and payment date of April 20, 2012); and 10.1500 cents per share for April 2012 (record date of April 30, 2012 and payment date of May 24, 2012).

Technical Overview


The stock has a market capitalization of $1.60B and is currently trading at $7.88 with a 52-week range of $5.97-$9.48. The stock's year-to-date performance has been 29.18%. It is currently trading above 20, 50 and 200 SMA.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Source: Earnings Preview: Apollo Investment Corporation