Brokerages Anticipate Apollo Global Management LLC (NYSE:APO) Will Post Earnings of $0.59 Per Share

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Equities research analysts expect Apollo Global Management LLC (NYSE:APO) to 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. The lowest EPS estimate is $0.53 and the highest is $0.63. Apollo Global Management posted earnings per share of $0.27 during the same quarter last year, which would suggest a positive year-over-year growth rate of 118.5%. The company is scheduled 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 financial year, with EPS estimates ranging from $2.27 to $2.58. For the next financial year, analysts anticipate that the firm will report earnings of $2.84 per share, with EPS estimates ranging from $2.47 to $3.17. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Apollo Global Management.

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

A number of brokerages have recently issued reports on APO. ValuEngine upgraded shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Morgan Stanley reduced their target price 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. Wells Fargo & Co raised their target price on Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Finally, Credit Suisse Group reduced their target price on Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Apollo Global Management presently has an average rating of “Buy” and an average price target of $39.00.

In related news, Director A B. Krongard acquired 1,790 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $32.41 per share, for a total transaction of $58,013.90. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 49.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of APO. Bank of Montreal Can grew its holdings in Apollo Global Management by 15.4% in the 1st quarter. Bank of Montreal Can now owns 4,510,247 shares of the financial services provider’s stock valued at $127,415,000 after buying an additional 601,147 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Apollo Global Management during the 4th quarter worth approximately $9,850,000. 1832 Asset Management L.P. lifted its position in Apollo Global Management by 30.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,554,300 shares of the financial services provider’s stock worth $38,138,000 after acquiring an additional 363,300 shares in the last quarter. PM CAPITAL Ltd raised its position in shares of 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 purchasing an additional 185,000 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Apollo Global Management by 15.4% in the 4th quarter. Legal & General Group Plc now owns 912,686 shares of the financial services provider’s stock valued at $22,402,000 after purchasing an additional 122,055 shares in the last quarter. Institutional investors own 73.41% of the company’s stock.

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

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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