Stock analysts expect Apollo Global Management, Inc. (NYSE:APO – Get Rating) to report earnings of $1.28 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made earnings estimates for Apollo Global Management, with estimates ranging from $1.26 to $1.30. Apollo Global Management reported earnings per share of $1.14 in the same quarter last year, indicating a positive year-over-year growth rate of 12.3%. The company is due to announce its next results on Monday, January 1.
According to Zacks, analysts expect Apollo Global Management to report annual earnings of $5.75 per share for the current year, with EPS estimates ranging from $5.46 to $6.03. For the next fiscal year, analysts expect the company to report earnings of $6.75 per share, with EPS estimates ranging from $6.04 to $7.12. Zacks EPS averages are an average average based on a survey of sell-side research analysts who provide coverage for Apollo Global Management.
Apollo Global Management (NYSE:APO – Get Rating) last released its quarterly results on Thursday, May 5. The financial services provider reported EPS of $1.52 for the quarter, beating analyst consensus estimates of $1.04 by $0.48. Apollo Global Management had a return on equity of 30.91% and a net margin of 6.39%. In the same period a year earlier, the company had earned earnings per share of $0.66.
Several analysts have recently released reports on APO shares. Oppenheimer upgraded Apollo Global Management from a “market performer” rating to an “outperformer” rating and set a target price of $64.00 for the company in a Wednesday, April 13 research report. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “strong-buy” rating and set a target price of $58.00 for the company in a research report Wednesday. StockNews.com downgraded shares of Apollo Global Management from a “held” rating to a “sell” rating in a Monday, May 9 report. TheStreet downgraded Apollo Global Management from a ‘b’ rating to a ‘c’ rating in a Thursday, May 5 research report. Finally, Wells Fargo & Company lowered its price target on Apollo Global Management from $85.00 to $71.00 and set an “overweight” rating on the stock in a Tuesday, April 19 research report. Two analysts rated the stock with a sell rating, one issued a hold rating, eight gave the company a buy rating and one gave the company a strong buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $80.72.
NYSE:APO shares opened at $54.20 on Thursday. The company has a market capitalization of $30.95 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.51 and a beta of 1.64. Apollo Global Management has a 1-year minimum of $49.18 and a 1-year maximum of $81.07. The company’s 50-day simple moving average is $57.93 and its two-hundred-day simple moving average is $65.96. The company has a debt ratio of 1.26, a current ratio of 0.71 and a quick ratio of 1.24.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31. Shareholders of record on Wednesday, May 18 will receive a dividend of $0.40. The ex-dividend date is Tuesday, May 17. This represents an annualized dividend of $1.60 and a dividend yield of 2.95%. Apollo Global Management’s payout ratio is 51.28%.
In other Apollo Global Management news, Director A B. Krongard purchased 1,375 shares of the company in a trade dated Wednesday, February 16. The shares were acquired at an average cost of $67.23 per share, for a total transaction of $92,441.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.90% of the shares are currently held by insiders of the company.
Hedge funds have recently increased or reduced their holdings in the stock. Evoke Wealth LLC bought a new position in Apollo Global Management in the fourth quarter worth $25,000. Byrne Asset Management LLC bought a new position in Apollo Global Management during Q4 for $25,000. Prentice Wealth Management LLC acquired a new position in Apollo Global Management during Q3 worth approximately $27,000. Clearstead Advisors LLC acquired a new stake in Apollo Global Management in the fourth quarter worth approximately $27,000. Finally, Parkside Financial Bank & Trust increased its stake in Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider worth $27,000 after acquiring 431 additional shares last quarter. Hedge funds and other institutional investors own 61.48% of the company’s shares.
Apollo Global Management Company Profile (Get a rating)
Apollo Global Management, Inc is a private equity firm specializing in investments in the credit, private equity and real estate markets. The Company’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and leveraged investments in real estate, business partner buyouts, distressed assets, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
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