Apollo Commercial Real Est. Finance (ARI) Set to Announce Quarterly Earnings on Wednesday

Apollo Commercial Real Est. Finance (NYSE:ARI) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Apollo Commercial Real Est. Finance (NYSE:ARI) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The business had revenue of $82.83 million during the quarter, compared to analyst estimates of $79.70 million. Apollo Commercial Real Est. Finance had a net margin of 77.15% and a return on equity of 10.47%. Apollo Commercial Real Est. Finance’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. On average, analysts expect Apollo Commercial Real Est. Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Apollo Commercial Real Est. Finance stock opened at $18.56 on Tuesday. The company has a current ratio of 44.92, a quick ratio of 44.92 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 11.11 and a beta of 0.61. The firm has a 50 day moving average of $18.60. Apollo Commercial Real Est. Finance has a fifty-two week low of $16.41 and a fifty-two week high of $19.57.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.91%. The ex-dividend date of this dividend was Thursday, June 27th. Apollo Commercial Real Est. Finance’s dividend payout ratio is currently 110.18%.

Separately, Zacks Investment Research lowered shares of General Finance from a “buy” rating to a “hold” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.33.

Apollo Commercial Real Est. Finance Company Profile

Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.

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Earnings History for Apollo Commercial Real Est. Finance (NYSE:ARI)

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