Analysts Anticipate Apollo Global Management, Inc. (NYSE:APO) Will Post Quarterly Sales of $594.70 Million

Analysts predict that Apollo Global Management, Inc. (NYSE:APOGet Rating) will post $594.70 million in sales for the current quarter, Zacks reports. Three analysts have issued 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 company is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Apollo Global Management will report full-year sales of $2.44 billion for the current year, with estimates ranging from $2.36 billion to $2.52 billion. For the next financial year, analysts expect that the firm will post sales of $2.79 billion, with estimates ranging from $2.71 billion to $2.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Apollo Global Management.

Apollo Global Management (NYSE:APOGet Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.01 by $0.51. Apollo Global Management had a net margin of 6.39% and a return on equity of 30.91%. The company had revenue of $584.00 million during the quarter, compared to analysts’ expectations of $576.77 million. During the same quarter in the previous year, the company posted $0.66 EPS.

A number of research firms have recently commented on APO. Citigroup reduced their price objective on shares of Apollo Global Management from $105.00 to $87.50 and set a “buy” rating for the company in a research note on Tuesday, April 12th. Wells Fargo & Company reduced their price objective on shares of Apollo Global Management from $85.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th. BMO Capital Markets increased their price objective on shares of Apollo Global Management from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, February 14th. Bank of America raised their target price on shares of Apollo Global Management from $74.00 to $77.00 and gave the company an “underperform” rating in a research note on Tuesday, February 15th. Finally, Oppenheimer upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research note on Wednesday, April 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $79.83.

In other Apollo Global Management news, CFO Martin Kelly sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $54.60, for a total value of $819,000.00. Following the sale, the chief financial officer now owns 526,385 shares in the company, valued at $28,740,621. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. FDx Advisors Inc. lifted its holdings in shares of Apollo Global Management by 1.6% during the fourth quarter. FDx Advisors Inc. now owns 12,655 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 197 shares during the period. Mcdonald Partners LLC lifted its holdings in Apollo Global Management by 4.1% in the third quarter. Mcdonald Partners LLC now owns 5,100 shares of the financial services provider’s stock valued at $314,000 after buying an additional 200 shares during the period. First Pacific Advisors LP lifted its holdings in Apollo Global Management by 2.4% in the first quarter. First Pacific Advisors LP now owns 8,600 shares of the financial services provider’s stock valued at $533,000 after buying an additional 200 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Apollo Global Management by 2.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 9,412 shares of the financial services provider’s stock valued at $682,000 after buying an additional 205 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Apollo Global Management by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 34,501 shares of the financial services provider’s stock valued at $2,499,000 after buying an additional 220 shares during the period. Institutional investors own 61.48% of the company’s stock.

APO opened at $57.78 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.26. Apollo Global Management has a 12 month low of $49.18 and a 12 month high of $81.07. The company has a fifty day simple moving average of $56.20 and a 200 day simple moving average of $63.95. The stock has a market cap of $33.19 billion, a P/E ratio of 18.52, a P/E/G ratio of 0.53 and a beta of 1.62.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Wednesday, May 18th were paid a $0.40 dividend. The ex-dividend date was Tuesday, May 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.77%. Apollo Global Management’s dividend payout ratio (DPR) is 51.28%.

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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