Analysts Anticipate Apollo Global Management, LLC (APO) to Announce $0.63 EPS
Brokerages forecast that Apollo Global Management, LLC (NYSE:APO) will announce earnings per share of $0.63 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Apollo Global Management’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.52. Apollo Global Management reported earnings per share of $0.98 in the same quarter last year, which would indicate a negative year-over-year growth rate of 35.7%. The company is scheduled to report its next earnings report on Friday, February 2nd.
On average, analysts expect that Apollo Global Management will report full-year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $3.15. For the next fiscal year, analysts forecast that the company will report earnings of $2.98 per share, with EPS estimates ranging from $2.46 to $3.58. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Apollo Global Management.
Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.51. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The company had revenue of $645.20 million during the quarter, compared to analysts’ expectations of $467.72 million. During the same quarter in the prior year, the company earned $0.58 EPS. The firm’s revenue was up 31.1% on a year-over-year basis.
A number of research firms have recently weighed in on APO. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Jefferies Group LLC raised their price target on shares of Apollo Global Management from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group increased their price objective on shares of Apollo Global Management from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Citigroup Inc. increased their price objective on shares of Apollo Global Management from $35.50 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Company restated an “outperform” rating and set a $39.00 target price (up previously from $34.00) on shares of Apollo Global Management in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Apollo Global Management has a consensus rating of “Buy” and an average target price of $33.38.
In other news, Director A B. Krongard bought 1,000 shares of Apollo Global Management stock in a transaction on Monday, August 28th. The stock was acquired at an average cost of $29.28 per share, for a total transaction of $29,280.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Tiger Global Management Llc bought 43,714 shares of Apollo Global Management stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of $29.18 per share, with a total value of $1,275,574.52. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 298,386 shares of company stock valued at $8,529,433. Corporate insiders own 4.11% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. boosted its position in Apollo Global Management by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,534 shares of the financial services provider’s stock valued at $543,000 after buying an additional 53 shares during the last quarter. Veritable L.P. boosted its position in Apollo Global Management by 1.4% in the 2nd quarter. Veritable L.P. now owns 13,037 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 182 shares in the last quarter. Wedbush Securities Inc. boosted its position in Apollo Global Management by 5.7% in the 2nd quarter. Wedbush Securities Inc. now owns 9,280 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 500 shares in the last quarter. Penserra Capital Management LLC boosted its position in Apollo Global Management by 10.0% in the 2nd quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 589 shares in the last quarter. Finally, SOL Capital Management CO raised its stake in shares of Apollo Global Management by 1.4% during the 2nd quarter. SOL Capital Management CO now owns 44,200 shares of the financial services provider’s stock worth $1,169,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 73.69% of the company’s stock.
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Shares of Apollo Global Management (NYSE APO) traded down $0.04 during trading on Tuesday, hitting $29.28. 1,920,000 shares of the stock were exchanged, compared to its average volume of 905,074. Apollo Global Management has a 12 month low of $18.85 and a 12 month high of $33.37. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5,670.00, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.97 and a beta of 1.23.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.56 annualized dividend and a dividend yield of 5.33%. Apollo Global Management’s dividend payout ratio (DPR) is 68.42%.
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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