Equities research analysts forecast that Apollo Global Management, Inc. (NYSE:APO – Get Rating) will report $581.01 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Apollo Global Management’s earnings, with the highest sales estimate coming in at $590.77 million and the lowest estimate coming in at $571.30 million. Apollo Global Management reported sales of $512.94 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The firm is scheduled to announce its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Apollo Global Management will report full year sales of $2.48 billion for the current fiscal year, with estimates ranging from $2.43 billion to $2.56 billion. For the next financial year, analysts expect that the business will post sales of $2.81 billion, with estimates ranging from $2.68 billion to $3.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Apollo Global Management.
Apollo Global Management (NYSE:APO – Get Rating) last released its quarterly earnings results on Friday, February 11th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.02). The firm had revenue of $597.50 million for the quarter, compared to the consensus estimate of $568.54 million. Apollo Global Management had a net margin of 30.89% and a return on equity of 17.30%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share.
Shares of APO traded down $0.11 during trading hours on Friday, reaching $57.56. 2,784,446 shares of the company traded hands, compared to its average volume of 3,371,295. Apollo Global Management has a 1-year low of $46.33 and a 1-year high of $81.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $14.19 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 0.62 and a beta of 1.59. The stock’s fifty day moving average is $63.99 and its 200 day moving average is $68.38.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Friday, February 18th were given a $0.40 dividend. The ex-dividend date was Thursday, February 17th. This represents a $1.60 annualized dividend and a yield of 2.78%. Apollo Global Management’s payout ratio is 21.53%.
In other news, Director A B. Krongard bought 1,375 shares of the company’s stock in a transaction on Wednesday, February 16th. The shares were purchased at an average price of $67.23 per share, with a total value of $92,441.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 3.90% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. grew its stake in Apollo Global Management by 46.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider’s stock valued at $16,613,000 after buying an additional 186,658 shares in the last quarter. Morgan Stanley grew its stake in Apollo Global Management by 32.0% in the 2nd quarter. Morgan Stanley now owns 3,935,579 shares of the financial services provider’s stock valued at $244,792,000 after buying an additional 953,272 shares in the last quarter. Raymond James Trust N.A. grew its stake in Apollo Global Management by 11.3% in the 3rd quarter. Raymond James Trust N.A. now owns 9,481 shares of the financial services provider’s stock valued at $584,000 after buying an additional 960 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Apollo Global Management by 38.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 20,176 shares of the financial services provider’s stock valued at $1,243,000 after purchasing an additional 5,581 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its position in shares of Apollo Global Management by 2.3% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 68,309 shares of the financial services provider’s stock valued at $4,207,000 after purchasing an additional 1,552 shares in the last quarter.
About Apollo Global Management (Get Rating)
Apollo Global Management, Inc is a private equity firm specializing investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
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