Apollo Global Management (APO) Set to Announce Quarterly Earnings on Thursday

Apollo Global Management (NYSE:APO) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.74 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:APO) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. On average, analysts expect Apollo Global Management to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Apollo Global Management Stock Down 0.9 %

APO stock opened at $112.72 on Thursday. The company has a market cap of $64.04 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.92 and a beta of 1.63. Apollo Global Management has a 52 week low of $57.50 and a 52 week high of $117.15. The company’s 50-day moving average price is $111.29 and its 200 day moving average price is $98.98. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management’s dividend payout ratio is currently 20.45%.

Analysts Set New Price Targets

A number of research firms recently commented on APO. Morgan Stanley boosted their price objective on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. TD Cowen started coverage on shares of Apollo Global Management in a report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.33.

Insider Activity

In related news, insider James C. Zelter sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider James C. Zelter sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the completion of the sale, the insider now directly owns 44,104,773 shares of the company’s stock, valued at approximately $4,915,035,903.12. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock valued at $158,226,960 over the last 90 days. Insiders own 8.70% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in 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.