Apollo Global Management (APO) to Release Quarterly Earnings on Thursday

Apollo Global Management (NYSE:APOGet Rating) will be announcing its earnings results before the market opens on Thursday, May 5th. Analysts expect the company to announce earnings of $1.19 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Apollo Global Management (NYSE:APOGet 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 Thomson Reuters’ consensus estimate of $1.07 by ($0.02). Apollo Global Management had a return on equity of 17.30% and a net margin of 30.89%. The firm had revenue of $597.50 million for the quarter, compared to analysts’ expectations of $568.54 million. During the same period last year, the firm earned $0.72 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts expect Apollo Global Management to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Apollo Global Management stock opened at $50.92 on Thursday. Apollo Global Management has a 12-month low of $50.37 and a 12-month high of $81.07. The company has a market capitalization of $29.08 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 0.59 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s fifty day moving average price is $60.69 and its 200 day moving average price is $67.72.

The company also recently declared a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Friday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.14%. The ex-dividend date was Thursday, February 17th. Apollo Global Management’s dividend payout ratio (DPR) is 21.53%.

Several equities research analysts recently issued reports on APO shares. Wells Fargo & Company dropped their price target on shares of Apollo Global Management from $85.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 19th. StockNews.com started coverage on shares of Apollo Global Management in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Thursday, January 20th. Bank of America boosted their target price on shares of Apollo Global Management from $74.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 15th. Finally, Citigroup dropped their target price on shares of Apollo Global Management from $105.00 to $87.50 and set a “buy” rating for the company in a research report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Apollo Global Management currently has an average rating of “Buy” and a consensus target price of $82.39.

In related news, Director A B. Krongard purchased 1,375 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The shares were acquired at an average price of $67.23 per share, with a total value of $92,441.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raleigh Capital Management Inc. bought a new stake in Apollo Global Management during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $40,000. Covington Capital Management raised its stake in Apollo Global Management by 109.1% during the 4th quarter. Covington Capital Management now owns 1,150 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 600 shares in the last quarter. NEXT Financial Group Inc raised its stake in Apollo Global Management by 160.5% during the 4th quarter. NEXT Financial Group Inc now owns 1,240 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 764 shares in the last quarter. Finally, JustInvest LLC raised its stake in Apollo Global Management by 13.6% during the 4th quarter. JustInvest LLC now owns 6,166 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 738 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.

See Also

Earnings History for Apollo Global Management (NYSE:APO)

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