Analysts expect Apollo Global Management, Inc. (NYSE:APO – Get Rating) to report sales of $594.70 million for the current quarter, Zacks reports. Three analysts have made estimates of Apollo Global Management’s earnings, with the highest estimate of sales at $612.60 million and the lowest estimate at $573.70 million. Apollo Global Management recorded sales of $553.55 million in the same quarter last year, which would indicate a positive growth rate of 7.4% year over year. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Apollo Global Management to report annual sales of $2.44 billion for the current fiscal year, with estimates ranging from $2.36 billion to $2.52 billion. dollars. For the next fiscal year, analysts expect the company to post sales of $2.79 billion, with estimates ranging from $2.71 billion to $2.86 billion. Zacks sales calculations are an average based on a survey of sell-side research firms that cover Apollo Global Management.
Apollo Global Management (NYSE:APO – Get Rating) last released its quarterly results on Thursday, May 5. The financial services provider reported earnings per share of $1.52 for the quarter, beating the consensus estimate of $1.01 by $0.51. Apollo Global Management had a return on equity of 30.91% and a net margin of 6.39%. The company had revenue of $584.00 million in the quarter, versus a consensus estimate of $576.77 million. During the same period a year earlier, the company posted EPS of $0.66.
A number of research analysts have recently commented on the company. Oppenheimer upgraded Apollo Global Management from a “market performer” rating to an “outperformer” rating and set a target price of $64.00 for the company in a Wednesday, April 13 research report. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a Wednesday, May 18 research report. Bank of America raised its target price on Apollo Global Management from $74.00 to $77.00 and gave the company an “underperforming” rating in a Tuesday, February 15, research report. Citigroup lowered its price target on Apollo Global Management from $105.00 to $87.50 and placed a “buy” rating on the stock in a Tuesday, April 12 report. Finally, Morgan Stanley lowered its price target on Apollo Global Management from $88.00 to $81.00 and set an “overweight” rating on the stock in a Wednesday, April 20 report. Two research analysts rated the stock with a sell rating, two gave the company’s stock a hold rating and eight gave the company’s stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $79.83.
In other Apollo Global Management news, Chief Financial Officer Martin Kelly sold 15,000 shares of the company in a trade dated Wednesday, May 25. The stock was sold at an average price of $54.60, for a total value of $819,000.00. Following the completion of the sale, the CFO now owns 526,385 shares of the company, valued at $28,740,621. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. 3.90% of the shares are held by insiders of the company.
A number of large investors have recently changed their positions in the company. Vanguard Group Inc. increased its stake in shares of Apollo Global Management by 87.8% during the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider worth $2,316,818,000 after purchasing an additional 17,476,830 shares during the period. Capital World Investors increased its equity stake in Apollo Global Management by 151.6% during the first quarter. Capital World Investors now owns 31,006,365 shares of the financial services provider worth $1,922,085,000 after purchasing an additional 18,681,592 shares during the period. BlackRock Inc. increased its stake in Apollo Global Management by 32.6% in Q1. BlackRock Inc. now owns 24,262,978 shares of the financial services provider valued at $1,504,064,000 after purchasing an additional 5,958,763 shares in the last quarter. Capital International Investors increased its stake in Apollo Global Management by 160.0% in the 1st quarter. Capital International Investors now owns 15,715,583 shares of the financial services provider valued at $974,209,000 after purchasing an additional 9,671,334 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Apollo Global Management by 91.2% in the 1st quarter. Neuberger Berman Group LLC now owns 9,281,645 shares of the financial services provider valued at $575,396,000 after purchasing an additional 4,426,790 shares in the last quarter. 61.48% of the shares are held by institutional investors.
APO stock opened at $57.78 on Friday. Apollo Global Management has a 1-year minimum of $49.18 and a 1-year maximum of $81.07. The company has a debt ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $33.19 billion, a price-earnings ratio of 18.52, a PEG ratio of 0.53 and a beta of 1.62. The company has a 50-day simple moving average of $56.20 and a two-hundred-day simple moving average of $63.95.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31. Investors of record on Wednesday, May 18 received a dividend of $0.40 per share. This represents a dividend of $1.60 on an annualized basis and a yield of 2.77%. The ex-dividend date was Tuesday, May 17. Apollo Global Management’s payout ratio is currently 51.28%.
Apollo Global Management Company Profile (Get a rating)
Apollo Global Management, Inc is a private equity firm specializing in investments in the credit, private equity and real estate markets. The Company’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and leveraged investments in real estate, business partner buyouts, distressed assets, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
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