Brokerages Anticipate Apollo Global Management, LLC (APO) to Post $0.63 EPS

Wall Street analysts expect Apollo Global Management, LLC (NYSE:APO) to report earnings of $0.63 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Apollo Global Management’s earnings, with estimates ranging from $0.52 to $0.80. Apollo Global Management reported earnings per share of $0.98 in the same quarter last year, which suggests a negative year over year growth rate of 35.7%. The company is expected to announce its next quarterly earnings results on Friday, February 2nd.

According to Zacks, analysts expect that Apollo Global Management will report full year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $3.15. For the next fiscal year, analysts anticipate that the business will post earnings of $2.98 per share, with EPS estimates ranging from $2.46 to $3.58. Zacks’ EPS averages are an average based on a survey of research analysts that cover Apollo Global Management.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.51. The company had revenue of $645.20 million during the quarter, compared to analysts’ expectations of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share.

A number of equities research analysts have recently commented on APO shares. Zacks Investment Research cut shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Citigroup increased their target price on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 target price on shares of Apollo Global Management in a research report on Thursday, October 12th. Morgan Stanley increased their target price on shares of Apollo Global Management from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. Finally, Jefferies Group reiterated a “buy” rating and issued a $34.00 target price on shares of Apollo Global Management in a research report on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.38.

Shares of Apollo Global Management (APO) opened at $30.95 on Friday. The company has a market cap of $6,059.74, a PE ratio of 9.40, a PEG ratio of 1.05 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.74. Apollo Global Management has a 12-month low of $18.90 and a 12-month high of $33.37.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 21st were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Monday, November 20th. Apollo Global Management’s dividend payout ratio is currently 50.98%.

In other news, major shareholder Tiger Global Management Llc acquired 43,714 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $29.18 per share, with a total value of $1,275,574.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.11% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stelac Advisory Services LLC purchased a new position in Apollo Global Management during the third quarter worth about $117,000. Penserra Capital Management LLC boosted its stake in Apollo Global Management by 10.0% during the second quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock worth $171,000 after buying an additional 589 shares during the period. Cowen Prime Services LLC boosted its stake in Apollo Global Management by 400.0% during the second quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock worth $198,000 after buying an additional 6,000 shares during the period. First Midwest Bank Trust Division purchased a new position in Apollo Global Management during the third quarter worth about $232,000. Finally, Janney Montgomery Scott LLC purchased a new position in Apollo Global Management during the second quarter worth about $211,000. 72.59% of the stock is owned by hedge funds and other institutional investors.

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About Apollo Global Management

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.

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

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