Brokerages predict that Apollo Global Management, LLC (NYSE:APO) will report $576.52 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Apollo Global Management’s earnings, with the highest sales estimate coming in at $577.00 million and the lowest estimate coming in at $576.03 million. Apollo Global Management posted sales of $503.73 million during the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The firm is expected to issue its next quarterly earnings report on Friday, October 27th.

According to Zacks, analysts expect that Apollo Global Management will report full year sales of $576.52 million for the current fiscal year, with estimates ranging from $2.21 billion to $2.37 billion. For the next year, analysts anticipate that the company will report sales of $2.70 billion per share, with estimates ranging from $2.51 billion to $2.81 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Apollo Global Management.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). The business had revenue of $432.87 million for the quarter, compared to analysts’ expectations of $455.29 million. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The company’s revenue was down 34.5% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share.

APO has been the topic of several recent research reports. Jefferies Group LLC restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 3rd. UBS AG restated a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Apollo Global Management in a report on Friday, August 4th. Zacks Investment Research upgraded Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Monday, July 3rd. BidaskClub downgraded Apollo Global Management from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, June 7th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $28.90.

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In other news, Director A B. Krongard bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of $29.28 per share, with a total value of $29,280.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Tiger Global Management Llc bought 100,916 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was purchased at an average cost of $27.36 per share, with a total value of $2,761,061.76. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,399,918 shares of company stock valued at $39,210,819. Insiders own 4.11% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tiger Global Management LLC boosted its position in shares of Apollo Global Management by 40.9% in the 2nd quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock valued at $869,814,000 after purchasing an additional 9,550,313 shares during the period. FMR LLC boosted its position in shares of Apollo Global Management by 2.8% in the 1st quarter. FMR LLC now owns 8,216,804 shares of the financial services provider’s stock valued at $199,833,000 after purchasing an additional 223,452 shares during the period. Capital World Investors boosted its position in shares of Apollo Global Management by 16.5% in the 2nd quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock valued at $202,335,000 after purchasing an additional 1,082,313 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Apollo Global Management by 48.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,241,867 shares of the financial services provider’s stock valued at $138,648,000 after purchasing an additional 1,707,154 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Apollo Global Management by 66.0% in the 1st quarter. Bank of America Corp DE now owns 4,612,397 shares of the financial services provider’s stock valued at $112,173,000 after purchasing an additional 1,833,690 shares during the period. 73.58% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management (APO) traded down 0.83% on Tuesday, hitting $29.81. 174,292 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $29.19 and a 200-day moving average price of $26.87. Apollo Global Management has a 12 month low of $17.38 and a 12 month high of $30.75. The stock has a market cap of $5.78 billion, a P/E ratio of 11.68 and a beta of 1.22.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd were given a dividend of $0.52 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 6.92%. The ex-dividend date was Friday, August 18th. Apollo Global Management’s dividend payout ratio is currently 81.25%.

Apollo Global Management Company Profile

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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