Wall Street analysts forecast that Apollo Global Management, LLC (NYSE:APO) will post sales of $576.52 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Apollo Global Management’s earnings. The highest sales estimate is $577.00 million and the lowest is $576.03 million. Apollo Global Management posted sales of $503.73 million in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The company is scheduled to issue its next quarterly earnings results on Friday, October 27th.

On average, analysts expect that Apollo Global Management will report full-year sales of $576.52 million for the current year, with estimates ranging from $2.21 billion to $2.37 billion. For the next year, analysts expect that the company will post sales of $2.70 billion per share, with estimates ranging from $2.51 billion to $2.81 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Apollo Global Management.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The firm had revenue of $432.87 million for the quarter, compared to the consensus estimate of $455.29 million. During the same period last year, the company posted $0.98 EPS. The business’s revenue was down 34.5% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank AG boosted their price objective on shares of Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 3rd. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price objective (up from $25.00) on shares of Apollo Global Management in a report on Monday, July 10th. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, July 3rd. Finally, UBS AG restated a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Apollo Global Management in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Apollo Global Management presently has a consensus rating of “Buy” and a consensus target price of $28.90.

In other Apollo Global Management news, insider John J. Suydam sold 46,617 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $30.01, for a total transaction of $1,398,976.17. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Kraft acquired 30,000 shares of Apollo Global Management stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $28.88 per share, for a total transaction of $866,400.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,750,318 shares of company stock worth $74,234,505. Insiders own 4.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of APO. TCI Wealth Advisors Inc. increased its position in shares of Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,601 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Apollo Global Management by 98.2% in the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,918 shares during the last quarter. NEXT Financial Group Inc increased its position in shares of Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock worth $169,000 after buying an additional 3,300 shares during the last quarter. Global X Management Co. LLC bought a new position in shares of Apollo Global Management during the first quarter worth about $161,000. Finally, Cowen Prime Services LLC increased its position in shares of Apollo Global Management by 400.0% in the second quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock worth $198,000 after buying an additional 6,000 shares during the last quarter. 75.47% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Apollo Global Management (APO) opened at 29.39 on Friday. The company has a market cap of $5.67 billion, a P/E ratio of 11.51 and a beta of 1.22. The stock’s 50 day moving average is $27.68 and its 200-day moving average is $25.55. Apollo Global Management has a one year low of $17.38 and a one year high of $30.18.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.52 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Friday, August 18th. Apollo Global Management’s payout ratio is presently 76.56%.

Apollo Global Management Company Profile

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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Earnings History and Estimates for Apollo Global Management (NYSE:APO)

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