Zacks: Brokerages Expect Apollo Global Management LLC (APO) to Announce $0.61 EPS

Brokerages expect Apollo Global Management LLC (NYSE:APO) to report earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Apollo Global Management’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.66. Apollo Global Management reported earnings per share of $0.98 during the same quarter last year, which indicates a negative year-over-year growth rate of 37.8%. The company is scheduled to announce its next earnings report on Friday, February 2nd.

On average, analysts expect that Apollo Global Management will report full year earnings of $2.96 per share for the current year, with EPS estimates ranging from $2.87 to $3.01. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.96 per share, with EPS estimates ranging from $2.60 to $3.58. Zacks’ EPS averages are an average based on a survey of analysts that cover 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, topping analysts’ consensus estimates of $0.56 by $0.51. The business had revenue of $645.20 million for the quarter, compared to analyst estimates of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share.

APO has been the subject of several research reports. Jefferies Group reaffirmed a “buy” rating and set a $34.00 price target on shares of Apollo Global Management in a research note on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 price target (up previously from $28.00) on shares of Apollo Global Management in a research note on Thursday, October 5th. Zacks Investment Research raised Apollo Global Management from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $35.00 price target on shares of Apollo Global Management in a research note on Thursday, October 12th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $39.00 price target (up previously from $34.00) on shares of Apollo Global Management in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $34.46.

In other news, major shareholder Tiger Global Management Llc bought 43,714 shares of the business’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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.11% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealthsource Partners LLC purchased a new stake in Apollo Global Management in the 3rd quarter valued at about $251,000. Cetera Advisor Networks LLC grew its holdings in Apollo Global Management by 30.7% in the 3rd quarter. Cetera Advisor Networks LLC now owns 25,971 shares of the financial services provider’s stock valued at $777,000 after buying an additional 6,101 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in Apollo Global Management by 30.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,225 shares of the financial services provider’s stock valued at $1,452,000 after buying an additional 11,248 shares during the period. First Allied Advisory Services Inc. grew its holdings in Apollo Global Management by 91.5% in the 3rd quarter. First Allied Advisory Services Inc. now owns 51,682 shares of the financial services provider’s stock valued at $1,548,000 after buying an additional 24,690 shares during the period. Finally, L & S Advisors Inc purchased a new stake in shares of Apollo Global Management during the 3rd quarter worth about $932,000. Institutional investors own 72.43% of the company’s stock.

Shares of Apollo Global Management (NYSE:APO) opened at $34.48 on Friday. The company has a market cap of $6,670.00, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. Apollo Global Management has a 1 year low of $20.38 and a 1 year high of $35.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 1.74.

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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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