Apollo Global Management (APO) to Release Quarterly Earnings on Thursday

Apollo Global Management (NYSE:APO) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.74 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. On average, analysts expect Apollo Global Management to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Apollo Global Management Trading Down 2.3 %

Shares of Apollo Global Management stock opened at $108.39 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. Apollo Global Management has a 52 week low of $57.50 and a 52 week high of $117.15. The stock has a 50 day moving average price of $111.20 and a two-hundred day moving average price of $99.52. The stock has a market capitalization of $61.58 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.59%. Apollo Global Management’s payout ratio is 20.45%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APO. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. BMO Capital Markets lifted their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. lifted their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their target price on Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Barclays lifted their target price on Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $113.33.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the sale, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the sale, the insider now directly owns 44,104,773 shares in the company, valued at approximately $4,915,035,903.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the sale, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock worth $158,226,960 over the last ninety days. 8.70% of the stock is currently owned by company insiders.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.