Zacks: Analysts Expect Apollo Global Management LLC (APO) to Post $0.61 Earnings Per Share

Analysts expect that Apollo Global Management LLC (NYSE:APO) will announce $0.61 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Apollo Global Management’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.66. Apollo Global Management reported earnings per share of $0.98 in the same quarter last year, which suggests a negative year-over-year growth rate of 37.8%. The company is scheduled to report its next earnings report before the market opens on Thursday, February 1st.

On average, analysts expect that Apollo Global Management will report full year earnings of $2.96 per share for the current financial year, with EPS estimates ranging from $2.87 to $3.01. For the next financial year, analysts anticipate that the company will post earnings of $2.97 per share, with EPS estimates ranging from $2.60 to $3.58. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Apollo Global Management.

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

Several equities research analysts have recently commented 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 target price for the company in a research report on Wednesday, January 3rd. ValuEngine raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research report 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 objective for the company in a research report on Tuesday, December 19th. Jefferies Group upped their price objective on shares of Apollo Global Management from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Credit Suisse Group upped their price objective on shares of Apollo Global Management from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Apollo Global Management has a consensus rating of “Buy” and a consensus price target of $34.46.

Apollo Global Management (APO) traded up $0.77 during trading hours on Friday, hitting $35.69. 1,104,606 shares of the stock traded hands, compared to its average volume of 835,765. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6,910.00, a P/E ratio of 11.74, a PEG ratio of 1.16 and a beta of 1.22. Apollo Global Management has a one year low of $20.38 and a one year high of $35.72.

In related news, major shareholder Tiger Global Management Llc bought 43,714 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $29.18 per share, for a total transaction of $1,275,574.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.11% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APO. Stelac Advisory Services LLC purchased a new position in Apollo Global Management in the third quarter valued at about $117,000. First Midwest Bank Trust Division purchased a new position in Apollo Global Management in the third quarter valued at about $232,000. Bank of New York Mellon Corp purchased a new position in Apollo Global Management in the second quarter valued at about $240,000. Wealthsource Partners LLC purchased a new position in Apollo Global Management in the third quarter valued at about $251,000. Finally, Meridian Wealth Management LLC purchased a new position in Apollo Global Management in the third quarter valued at about $277,000. Hedge funds and other institutional investors own 72.43% of the company’s stock.

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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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