Apollo Global Management, Inc. (NYSE:APO) Expected to Announce Quarterly Sales of $594.70 Million

Equities analysts forecast that Apollo Global Management, Inc. (NYSE:APOGet Rating) will report $594.70 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Apollo Global Management’s earnings, with estimates ranging from $573.70 million to $612.60 million. Apollo Global Management posted sales of $553.55 million during the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Apollo Global Management will report full year sales of $2.47 billion for the current year, with estimates ranging from $2.36 billion to $2.52 billion. For the next financial year, analysts forecast that the firm will post sales of $2.87 billion, with estimates ranging from $2.71 billion to $3.03 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Apollo Global Management.

Apollo Global Management (NYSE:APOGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.48. Apollo Global Management had a net margin of 6.39% and a return on equity of 25.24%. During the same period in the prior year, the company posted $0.66 EPS.

APO has been the subject of several research analyst reports. TheStreet lowered shares of Apollo Global Management from a “b” rating to a “c” rating in a research note on Thursday, May 5th. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a research note on Wednesday. Morgan Stanley lowered their price objective on shares of Apollo Global Management from $88.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Monday, May 9th. Finally, Oppenheimer upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research note on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Buy” and an average target price of $80.72.

NYSE:APO opened at $54.20 on Friday. The company has a fifty day moving average of $57.93 and a 200-day moving average of $66.04. The firm has a market capitalization of $30.95 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.50 and a beta of 1.64. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.33. Apollo Global Management has a twelve month low of $49.18 and a twelve month high of $81.07.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Wednesday, May 18th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, May 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.95%. Apollo Global Management’s payout ratio is 51.28%.

In other news, Director A B. Krongard bought 1,375 shares of Apollo Global Management stock in a transaction dated Wednesday, February 16th. The stock was purchased at an average price of $67.23 per share, for a total transaction of $92,441.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. Evoke Wealth LLC purchased a new position in shares of Apollo Global Management in the 4th quarter worth about $25,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management in the 4th quarter worth about $25,000. Clearstead Advisors LLC purchased a new stake in Apollo Global Management during the fourth quarter valued at about $27,000. Parkside Financial Bank & Trust lifted its holdings in Apollo Global Management by 7,183.3% during the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 431 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in Apollo Global Management during the first quarter valued at about $28,000. 61.48% of the stock is currently owned by institutional investors.

Apollo Global Management Company Profile (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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Earnings History and Estimates for Apollo Global Management (NYSE:APO)

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