Zacks: Analysts Anticipate Apollo Global Management, Inc. (NYSE:APO) to Post $0.54 EPS


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Equities analysts predict that Apollo Global Management, Inc. (NYSE:APO) will report earnings of $0.54 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Apollo Global Management’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.57. Apollo Global Management posted earnings per share of $0.37 during the same quarter last year, which indicates a positive year over year growth rate of 45.9%. The firm is scheduled to announce its next earnings results on Friday, May 7th.

On average, analysts expect that Apollo Global Management will report full-year earnings of $2.72 per share for the current fiscal year, with EPS estimates ranging from $2.49 to $3.08. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.32 per share, with EPS estimates ranging from $3.10 to $4.22. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Apollo Global Management.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, February 2nd. The financial services provider reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.22. The firm had revenue of $519.79 million during the quarter, compared to the consensus estimate of $480.07 million. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue was up 15.8% on a year-over-year basis.

Several brokerages have recently weighed in on APO. Oppenheimer reiterated a “hold” rating on shares of Apollo Global Management in a research note on Tuesday, October 27th. BMO Capital Markets raised shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $46.00 to $45.00 in a research report on Thursday, October 29th. Morgan Stanley upped their price objective on Apollo Global Management from $55.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, February 8th. Wells Fargo & Company lifted their target price on Apollo Global Management from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, January 11th. Finally, Zacks Investment Research upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Wednesday, January 13th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Apollo Global Management presently has an average rating of “Buy” and an average target price of $53.09.

NYSE:APO traded down $0.53 on Tuesday, hitting $50.47. The stock had a trading volume of 850,974 shares, compared to its average volume of 1,363,628. The business’s 50-day simple moving average is $48.83 and its two-hundred day simple moving average is $46.21. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of -60.08, a price-to-earnings-growth ratio of 5.26 and a beta of 1.62. Apollo Global Management has a 52-week low of $19.46 and a 52-week high of $55.38. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.87.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Friday, February 19th will be issued a dividend of $0.60 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.40 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Thursday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 88.56%.

In other Apollo Global Management news, insider Joshua Harris sold 273,588 shares of the stock in a transaction dated Wednesday, February 10th. The shares were sold at an average price of $51.60, for a total transaction of $14,117,140.80. Following the completion of the transaction, the insider now owns 1,350,000 shares of the company’s stock, valued at approximately $69,660,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James C. Zelter sold 26,440 shares of Apollo Global Management stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $51.02, for a total value of $1,348,968.80. Following the completion of the sale, the insider now directly owns 1,350,000 shares in the company, valued at $68,877,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,092,465 shares of company stock worth $55,931,705. Company insiders own 9.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of APO. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Apollo Global Management by 46.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider’s stock valued at $16,613,000 after purchasing an additional 186,658 shares in the last quarter. Xponance Inc. grew its stake in shares of Apollo Global Management by 8.8% in the 3rd quarter. Xponance Inc. now owns 8,915 shares of the financial services provider’s stock worth $399,000 after buying an additional 722 shares in the last quarter. Strategic Blueprint LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter worth about $296,000. KBC Group NV purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $932,000. Finally, Genesee Capital Advisors LLC lifted its holdings in shares of Apollo Global Management by 1.4% in the 3rd quarter. Genesee Capital Advisors LLC now owns 31,283 shares of the financial services provider’s stock valued at $1,399,000 after acquiring an additional 432 shares during the last quarter. 71.95% of the stock is currently owned by institutional investors and hedge funds.

About Apollo Global Management

Apollo Global Management, Inc 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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