Analysts expect that Apollo Global Management, LLC (NYSE:APO) will report sales of $576.52 million for the current fiscal quarter, Zacks reports. Two analysts have made 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 reported sales of $503.73 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.5%. The firm is scheduled to announce its next earnings report on Friday, October 27th.

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

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data 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 net margin of 21.79% and a return on equity of 59.61%. The business had revenue of $432.87 million during the quarter, compared to analysts’ expectations of $455.29 million. During the same period in the prior year, the firm posted $0.98 EPS. Apollo Global Management’s revenue for the quarter was down 34.5% compared to the same quarter last year.

Several research firms have commented on APO. Morgan Stanley upped their target price on shares of Apollo Global Management from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. JMP Securities restated an “outperform” rating and issued a $32.00 target price on shares of Apollo Global Management in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. upped their target price on shares of Apollo Global Management from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. UBS AG restated a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Finally, BidaskClub upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.90.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc bought 253,672 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of $28.48 per share, with a total value of $7,224,578.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert K. Kraft bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $28.88 per share, with a total value of $866,400.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,399,918 shares of company stock valued at $39,210,819. Company insiders own 4.11% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its position in shares of Apollo Global Management by 4,656.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 65,491 shares of the financial services provider’s stock valued at $1,732,000 after acquiring an additional 64,114 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Apollo Global Management by 231.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 96,491 shares of the financial services provider’s stock valued at $2,347,000 after acquiring an additional 67,388 shares in the last quarter. WESPAC Advisors LLC lifted its position in shares of Apollo Global Management by 74.2% in the 2nd quarter. WESPAC Advisors LLC now owns 50,939 shares of the financial services provider’s stock valued at $1,347,000 after acquiring an additional 21,691 shares in the last quarter. Apriem Advisors purchased a new stake in shares of Apollo Global Management in the 2nd quarter valued at approximately $733,000. Finally, Rothschild Investment Corp IL purchased a new stake in shares of Apollo Global Management in the 2nd quarter valued at approximately $2,157,000. 73.58% of the stock is owned by institutional investors and hedge funds.

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Shares of Apollo Global Management (NYSE APO) traded up 2.37% during midday trading on Tuesday, reaching $31.05. The company’s stock had a trading volume of 690,613 shares. Apollo Global Management has a 1-year low of $17.38 and a 1-year high of $31.07. The company has a market capitalization of $6.02 billion, a P/E ratio of 12.16 and a beta of 1.22. The stock has a 50 day moving average of $29.25 and a 200-day moving average of $26.92.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd were issued a $0.52 dividend. The ex-dividend date was Friday, August 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 6.70%. Apollo Global Management’s dividend payout ratio (DPR) is 81.25%.

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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