Wall Street analysts expect that Apollo Global Management, LLC (NYSE:APO) will announce earnings per share (EPS) of $0.63 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Apollo Global Management’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.52. Apollo Global Management posted earnings per share of $0.98 during the same quarter last year, which indicates a negative year-over-year growth rate of 35.7%. The company is scheduled to report its next quarterly earnings results on Friday, February 2nd.

On average, 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 financial year, analysts anticipate that the business will report earnings of $2.98 per share, with EPS estimates ranging from $2.46 to $3.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Apollo Global Management.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.51. Apollo Global Management had a return on equity of 64.11% and a net margin of 24.82%. The firm had revenue of $645.20 million during the quarter, compared to analyst estimates of $467.72 million. During the same period last year, the firm posted $0.58 EPS. The business’s revenue was up 31.1% compared to the same quarter last year.

Several equities research analysts have recently issued reports on APO shares. Jefferies Group LLC reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $35.00 target price on shares of Apollo Global Management in a research report on Thursday, October 12th. Zacks Investment Research raised Apollo Global Management from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, October 10th. Finally, Citigroup Inc. increased their price target on Apollo Global Management from $35.50 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.38.

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In other Apollo Global Management news, Director A B. Krongard purchased 1,000 shares of the stock in a transaction on Monday, August 28th. The shares were purchased at an average price of $29.28 per share, with a total value of $29,280.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Tiger Global Management Llc purchased 253,672 shares of the stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of $28.48 per share, for a total transaction of $7,224,578.56. The disclosure for this purchase can be found here. 4.11% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $240,000. BNP Paribas Arbitrage SA raised its holdings in shares of Apollo Global Management by 4,656.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 65,491 shares of the financial services provider’s stock valued at $1,732,000 after acquiring an additional 64,114 shares in the last quarter. WESPAC Advisors LLC raised its holdings in shares of Apollo Global Management by 74.2% in the 2nd quarter. WESPAC Advisors LLC now owns 50,939 shares of the financial services provider’s stock valued at $1,347,000 after acquiring an additional 21,691 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Apollo Global Management by 29.1% in the 2nd quarter. Renaissance Technologies LLC now owns 861,934 shares of the financial services provider’s stock valued at $22,798,000 after acquiring an additional 194,102 shares in the last quarter. Finally, Apriem Advisors purchased a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $733,000. 73.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Apollo Global Management (APO) traded down $1.20 during trading on Tuesday, hitting $29.19. The stock had a trading volume of 1,364,700 shares, compared to its average volume of 1,251,812. Apollo Global Management has a 1 year low of $18.75 and a 1 year high of $33.37. The stock has a market cap of $5,660.00, a price-to-earnings ratio of 9.13, a PEG ratio of 1.02 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.56 annualized dividend and a yield of 5.34%. Apollo Global Management’s dividend payout ratio is currently 68.42%.

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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