Analysts expect that Apollo Global Management LLC (NYSE:APO) will announce $586.33 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Apollo Global Management’s earnings. The highest sales estimate is $599.66 million and the lowest is $573.00 million. Apollo Global Management reported sales of $643.55 million in the same quarter last year, which indicates a negative year-over-year growth rate of 8.9%. The firm is scheduled to announce its next earnings results on Friday, April 27th.
On average, analysts expect that Apollo Global Management will report full year sales of $586.33 million for the current financial year, with estimates ranging from $2.54 billion to $3.06 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.98 billion per share, with estimates ranging from $2.71 billion to $3.26 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Apollo Global Management.
Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.55. The business had revenue of $869.50 million for the quarter, compared to analyst estimates of $599.38 million. Apollo Global Management had a net margin of 23.92% and a return on equity of 62.94%. The company’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS.
Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $43.00 price objective on shares of Apollo Global Management in a report on Thursday, February 1st. ValuEngine upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup lowered shares of Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Friday, January 19th. Finally, Credit Suisse Group increased their price objective on shares of Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Apollo Global Management currently has a consensus rating of “Buy” and a consensus target price of $36.33.
In other Apollo Global Management news, Director Pauline Richards bought 1,280 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $33.66 per share, with a total value of $43,084.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $32.68, for a total transaction of $163,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,520,000 shares of company stock valued at $153,677,150. Corporate insiders own 4.11% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dividend Assets Capital LLC grew its position in Apollo Global Management by 7.7% in the fourth quarter. Dividend Assets Capital LLC now owns 21,000 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 1,500 shares in the last quarter. Valley National Advisers Inc. grew its position in Apollo Global Management by 10.4% in the fourth quarter. Valley National Advisers Inc. now owns 17,445 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 1,644 shares in the last quarter. Stifel Financial Corp grew its position in Apollo Global Management by 7.8% in the third quarter. Stifel Financial Corp now owns 23,623 shares of the financial services provider’s stock valued at $710,000 after acquiring an additional 1,705 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Apollo Global Management by 2.0% in the third quarter. Oppenheimer & Co. Inc. now owns 95,356 shares of the financial services provider’s stock valued at $2,870,000 after acquiring an additional 1,907 shares in the last quarter. Finally, Pzena Investment Management LLC grew its position in Apollo Global Management by 1.0% in the fourth quarter. Pzena Investment Management LLC now owns 292,861 shares of the financial services provider’s stock valued at $9,802,000 after acquiring an additional 2,772 shares in the last quarter. 71.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Apollo Global Management (APO) traded down $0.51 during mid-day trading on Friday, hitting $34.01. 1,488,308 shares of the stock traded hands, compared to its average volume of 1,190,000. The stock has a market cap of $6,580.00, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.98 and a beta of 1.03. Apollo Global Management has a 1-year low of $21.39 and a 1-year high of $37.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.74 and a current ratio of 2.26.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.39. Apollo Global Management’s dividend payout ratio is 50.81%.
About Apollo Global Management
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.
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