Analysts Expect Apollo Global Management LLC (APO) Will Post Quarterly Sales of $595.50 Million

Analysts expect Apollo Global Management LLC (NYSE:APO) to post $595.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Apollo Global Management’s earnings, with estimates ranging from $595.00 million to $596.00 million. Apollo Global Management reported sales of $685.38 million in the same quarter last year, which would suggest a negative year over year growth rate of 13.1%. The company is scheduled to announce its next earnings report on Friday, February 2nd.

On average, analysts expect that Apollo Global Management will report full-year sales of $595.50 million for the current year, with estimates ranging from $2.29 billion to $2.55 billion. For the next financial year, analysts anticipate that the business will post sales of $2.79 billion per share, with estimates ranging from $2.53 billion to $3.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Apollo Global Management.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.51. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The firm had revenue of $645.20 million for the quarter, compared to analyst estimates of $467.72 million. During the same quarter last year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis.

Several equities analysts have recently issued reports on the stock. Morgan Stanley raised shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research note on Wednesday, January 3rd. ValuEngine raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Tuesday, December 19th. Credit Suisse Group raised their price target on shares of Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Finally, Citigroup raised their price target on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $34.46.

In other news, major shareholder Tiger Global Management Llc bought 43,714 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $29.18 per share, with a total value of $1,275,574.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.11% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in APO. Bank of New York Mellon Corp bought a new position in Apollo Global Management during the second quarter worth $240,000. Wells Fargo & Company MN raised its stake in Apollo Global Management by 10.5% during the second quarter. Wells Fargo & Company MN now owns 373,218 shares of the financial services provider’s stock worth $9,872,000 after buying an additional 35,377 shares during the last quarter. Stephens Inc. AR increased its stake in Apollo Global Management by 29.9% in the second quarter. Stephens Inc. AR now owns 20,724 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 4,769 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Apollo Global Management by 55.7% in the second quarter. Ameriprise Financial Inc. now owns 14,953 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 5,350 shares in the last quarter. Finally, Origin Asset Management LLP increased its stake in Apollo Global Management by 176.3% in the second quarter. Origin Asset Management LLP now owns 814,000 shares of the financial services provider’s stock valued at $21,530,000 after purchasing an additional 519,431 shares in the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.

Shares of Apollo Global Management (NYSE:APO) traded up $0.17 during trading on Monday, reaching $34.48. 360,500 shares of the company’s stock were exchanged, compared to its average volume of 741,900. The firm has a market capitalization of $6,720.00, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.16 and a beta of 1.22. Apollo Global Management has a 1 year low of $20.38 and a 1 year high of $35.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.74.

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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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