Wall Street analysts forecast that Apollo Global Management LLC (NYSE:APO) will announce earnings of $0.59 per share for the current quarter, according to Zacks. Four analysts have made estimates for Apollo Global Management’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.53. Apollo Global Management posted earnings of $0.27 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 118.5%. The firm is expected to announce its next earnings report before the market opens on Wednesday, July 31st.

On average, analysts expect that Apollo Global Management will report full-year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.27 to $2.58. For the next financial year, analysts expect that the company will report earnings of $2.84 per share, with EPS estimates ranging from $2.47 to $3.17. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Apollo Global Management.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.11). The company had revenue of $677.78 million during the quarter, compared to analyst estimates of $695.30 million. The company’s revenue for the quarter was up 306.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) EPS.

APO has been the subject of a number of recent research reports. JMP Securities increased their price objective on Apollo Global Management from $36.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, June 7th. Wells Fargo & Co increased their price objective on Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Morgan Stanley decreased their price objective on Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating for the company in a report on Tuesday, July 9th. TheStreet downgraded Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd. Finally, ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Apollo Global Management presently has an average rating of “Buy” and an average target price of $39.00.

In other Apollo Global Management news, Director A B. Krongard purchased 1,790 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of $32.41 per share, for a total transaction of $58,013.90. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 49.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. PM CAPITAL Ltd increased its stake in Apollo Global Management by 15.1% in the 1st quarter. PM CAPITAL Ltd now owns 1,411,922 shares of the financial services provider’s stock valued at $39,886,000 after buying an additional 185,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Apollo Global Management by 46.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider’s stock worth $16,613,000 after purchasing an additional 186,658 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of Apollo Global Management during the 1st quarter worth approximately $210,000. Two Sigma Investments LP increased its stake in shares of Apollo Global Management by 4.6% during the 4th quarter. Two Sigma Investments LP now owns 39,287 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 1,733 shares during the last quarter. Finally, Ellis Investment Partners LLC purchased a new stake in shares of Apollo Global Management during the 1st quarter worth approximately $60,000. 73.41% of the stock is currently owned by institutional investors.

NYSE APO traded up $0.20 on Thursday, reaching $35.58. The company had a trading volume of 33,451 shares, compared to its average volume of 1,471,440. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of -168.48, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. Apollo Global Management has a fifty-two week low of $22.63 and a fifty-two week high of $36.49. The business has a 50 day moving average price of $33.51. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.07.

Apollo Global Management Company Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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Earnings History and Estimates for Apollo Global Management (NYSE:APO)

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