Wall Street brokers expect Apollo Global Management, Inc. (NYSE: APO) to report sales of $ 515.83 million for the current fiscal quarter, Zack reports. Two analysts provided earnings estimates for Apollo Global Management. The lowest sales estimate is $ 513.96 million and the highest is $ 517.70 million. Apollo Global Management reported sales of $ 467.01 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The company is expected to announce its next results before the market opens on Wednesday August 4.
According to Zacks, analysts expect Apollo Global Management to report annual revenue of $ 2.11 billion for the current year, with estimates ranging from $ 2.10 to $ 2.12 billion. dollars. For next year, analysts predict the company will post sales of $ 2.34 billion, with estimates ranging from $ 2.25 billion to $ 2.43 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts who cover Apollo Global Management.
Apollo Global Management (NYSE: APO) last reported its results on Monday, May 3. The financial services provider reported earnings per share (EPS) of $ 0.66 for the quarter, beating Zacks’ consensus estimate of $ 0.58 by $ 0.08. The company posted revenue of $ 512.94 million in the quarter, compared to analysts’ estimates of $ 502.99 million. Apollo Global Management had a net margin of 29.94% and a return on equity of 17.46%. In the same quarter of the previous year, the company posted EPS of $ 0.52.
Several equity analysts have recently weighed on the title. Oppenheimer upgraded Apollo Global Management shares from a “market performance” rating to an “outperformance” rating and set a price target of $ 59 for the company in a research report released on Tuesday, 20 April. Wells Fargo & Company raised its price target for Apollo Global Management shares from $ 57.00 to $ 65 and assigned the company an “overweight” rating in a Wednesday May 5th research note. Deutsche Bank Aktiengesellschaft raised its price target for Apollo Global Management shares from $ 49.00 to $ 54.00 and assigned the company a “conservation” rating in a research note on Wednesday, May 5. Citigroup raised its price target for Apollo Global Management shares from $ 72.00 to $ 76.00 and assigned the company a “buy” rating in a research note on Monday, July 12. Finally, Apollo Global Management shares went from a “neutral” rating to a “buy” rating in a research note on Monday March 22. Three analysts rated the stock with a conservation rating and ten gave the company’s stock a buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 62.09.
In addition, director A B. Krongard acquired 2,135 shares as part of a transaction dated Monday, May 24. The shares were purchased at an average price of $ 57.37 per share, for a total transaction of $ 122,484.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In addition, director Pauline Richards acquired 2,120 shares in a transaction dated Tuesday, May 11. The stock was purchased at an average price of $ 57.16 per share, for a total transaction of $ 121,179.20. Disclosure of this purchase can be found here. During the last quarter, insiders sold 1,308,653 shares of the company valued at $ 77,822,419. Company insiders own 9.30% of the company’s shares.
Several institutional investors have recently changed their positions in APO. Amundi Pioneer Asset Management Inc. increased its stake in Apollo Global Management shares by 46.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider valued at $ 16,613,000 after acquiring an additional 186,658 shares during the last quarter. M&T Bank Corp increased its stake in Apollo Global Management by 3.2% during the fourth quarter. M&T Bank Corp now owns 7,830 shares of the financial services provider valued at $ 383,000 after purchasing an additional 244 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Apollo Global Management during the fourth quarter for an amount of $ 248,000. Nordea Investment Management AB increased its stake in Apollo Global Management by 7.9% during the fourth quarter. Nordea Investment Management AB now owns 7,962 shares of the financial services provider valued at $ 390,000 after purchasing an additional 582 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Apollo Global Management by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. Now owns 29,800 shares of the financial services provider valued at $ 1,460,000 after purchasing 700 additional shares in the last quarter. Institutional investors and hedge funds hold 78.03% of the company’s shares.
NYSE: APO open for $ 56.21 Tuesday. Apollo Global Management has a twelve month minimum of $ 36.35 and a twelve month maximum of $ 64.45. The company has a leverage ratio of 0.45, a quick ratio of 1.66, and a current ratio of 1.66. The company’s 50-day simple moving average is $ 58.76. The company has a market cap of $ 13.06 billion, a price-to-earnings ratio of 7.44 and a beta of 1.63.
The company also recently declared a quarterly dividend, which was paid on Friday, May 28. Shareholders of record on Thursday, May 20 received a dividend of $ 0.50 per share. The ex-dividend date of this dividend was Wednesday, May 19. This represents an annualized dividend of $ 2.00 and a return of 3.56%. Apollo Global Management’s dividend payout ratio (DPR) is currently 99.01%.
Apollo Global Management Company Profile
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 debt investments in real estate, buyouts of partner companies, distressed assets, company splits, the market intermediary, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation operations.
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