Apollo Global Management (APO) Scheduled to Post Quarterly Earnings on Tuesday

Apollo Global Management (NYSE:APO) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 5th. Analysts expect Apollo Global Management to post earnings of $1.67 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same period in the previous year, the firm earned $1.54 EPS. On average, analysts expect Apollo Global Management to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Apollo Global Management Stock Up 1.3 %

APO stock opened at $144.89 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $82.32 billion, a PE ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.62. Apollo Global Management has a twelve month low of $77.11 and a twelve month high of $146.82. The stock has a 50-day simple moving average of $125.20 and a two-hundred day simple moving average of $118.23.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s payout ratio is presently 20.49%.

Insider Buying and Selling at Apollo Global Management

In related news, Director Pauline Richards acquired 2,351 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the transaction, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on APO. Deutsche Bank Aktiengesellschaft cut their price objective on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. BMO Capital Markets boosted their price objective on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. TD Cowen boosted their price objective on Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $139.56.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.