Analysts predict that Apollo Global Management, LLC (NYSE:APO) will report $595.50 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Apollo Global Management’s earnings, with estimates ranging from $595.00 million to $596.00 million. Apollo Global Management posted sales of $685.38 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 13.1%. The company is expected to issue its next quarterly earnings report on Friday, February 2nd.

On average, analysts expect that Apollo Global Management will report full-year sales of $595.50 million for the current year, with estimates ranging from $2.29 billion to $2.66 billion. For the next financial year, analysts forecast that the business will report sales of $2.78 billion per share, with estimates ranging from $2.53 billion to $3.01 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Apollo Global Management.

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

APO has been the topic of several research reports. Morgan Stanley increased their target price on Apollo Global Management from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Jefferies Group reissued a “buy” rating and set a $34.00 target price on shares of Apollo Global Management in a research note on Tuesday, September 26th. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Credit Suisse Group upped their price target on Apollo Global Management from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Company restated an “outperform” rating and set a $39.00 price target (up previously from $34.00) on shares of Apollo Global Management in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Apollo Global Management has an average rating of “Buy” and a consensus price target of $33.38.

Shares of Apollo Global Management (NYSE APO) traded up $0.10 during trading hours on Tuesday, reaching $31.05. The company’s stock had a trading volume of 1,692,200 shares, compared to its average volume of 1,244,026. 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 stock has a market cap of $5,990.06, a PE ratio of 9.29, a P/E/G ratio of 1.04 and a beta of 1.22. Apollo Global Management has a 12 month low of $18.90 and a 12 month high of $33.37.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 21st were paid a dividend of $0.39 per share. The ex-dividend date was Monday, November 20th. This represents a $1.56 dividend on an annualized basis and a yield of 5.02%. Apollo Global Management’s dividend payout ratio is presently 50.98%.

In related news, major shareholder Tiger Global Management Llc acquired 253,672 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was bought at an average cost of $28.48 per share, with a total value of $7,224,578.56. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 4.11% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of APO. Tiger Global Management LLC lifted its holdings 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 buying an additional 9,550,313 shares during the period. GMT Capital Corp raised its holdings in Apollo Global Management by 224.2% during the second quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock worth $112,421,000 after purchasing an additional 2,951,622 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Apollo Global Management by 48.3% during the second quarter. JPMorgan Chase & Co. now owns 5,241,867 shares of the financial services provider’s stock worth $138,648,000 after purchasing an additional 1,707,154 shares during the last quarter. Capital World Investors raised its holdings in Apollo Global Management by 16.5% during the second quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock worth $202,335,000 after purchasing an additional 1,082,313 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Apollo Global Management by 4,894.9% during the third quarter. Ameriprise Financial Inc. now owns 746,881 shares of the financial services provider’s stock worth $22,481,000 after purchasing an additional 731,928 shares during the last quarter. 72.58% of the stock is owned by institutional investors and hedge funds.

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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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