Q4 2017 Earnings Forecast for Apollo Global Management, LLC Issued By Jefferies Group (APO)
Apollo Global Management, LLC (NYSE:APO) – Analysts at Jefferies Group raised their Q4 2017 earnings per share estimates for Apollo Global Management in a report released on Thursday. Jefferies Group analyst G. O’hara now expects that the financial services provider will post earnings per share of $0.66 for the quarter, up from their previous estimate of $0.62. Jefferies Group has a “Buy” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for Apollo Global Management’s Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $3.05 EPS and FY2019 earnings at $3.21 EPS.
Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.51. The business had revenue of $645.20 million during the quarter, compared to the consensus estimate of $467.72 million. Apollo Global Management had a return on equity of 66.61% and a net margin of 24.82%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. COPYRIGHT VIOLATION WARNING: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/q4-2017-earnings-forecast-for-apollo-global-management-llc-issued-by-jefferies-group-apo/1682491.html.
A number of other equities research analysts also recently issued reports on APO. Morgan Stanley restated an “equal weight” rating and set a $26.00 price target (up from $25.00) on shares of Apollo Global Management in a research note on Monday, July 10th. Zacks Investment Research downgraded Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. boosted their price objective on Apollo Global Management from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $33.00 price objective on shares of Apollo Global Management in a research note on Friday, July 14th. Finally, BidaskClub upgraded Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $33.31.
Shares of Apollo Global Management (NYSE APO) opened at $31.29 on Monday. The stock has a market capitalization of $6,070.00, a PE ratio of 9.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.23. Apollo Global Management has a 52 week low of $17.65 and a 52 week high of $33.37. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.80 and a current ratio of 1.80.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, November 20th. This represents a $1.56 annualized dividend and a dividend yield of 4.99%. Apollo Global Management’s dividend payout ratio (DPR) is 81.25%.
In other news, Director A B. Krongard acquired 1,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were acquired at an average cost of $29.28 per share, with a total value of $29,280.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Suydam sold 46,617 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $30.01, for a total value of $1,398,976.17. The disclosure for this sale can be found here. Insiders have bought a total of 294,672 shares of company stock worth $8,444,659 over the last ninety days. Insiders own 4.11% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. NEXT Financial Group Inc raised its holdings in shares of Apollo Global Management by 106.5% during the 2nd quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 3,300 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Apollo Global Management by 10.0% during the 2nd quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 589 shares in the last quarter. Cowen Prime Services LLC raised its holdings in shares of Apollo Global Management by 400.0% during the 2nd quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 6,000 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $202,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Apollo Global Management during the 2nd quarter valued at $211,000. 73.60% of the stock is currently owned by institutional investors and hedge funds.
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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