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

Apollo Global Management (NYSE:APO) is set to announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.67 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate 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 quarter last year, the business 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 %

Shares of NYSE APO opened at $144.89 on Tuesday. The firm has a market cap of $82.32 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. The company has a 50 day simple moving average of $125.20 and a 200 day simple moving average of $118.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management has a 1 year low of $77.11 and a 1 year high of $146.82.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given 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 dividend payout ratio is presently 20.49%.

Insider Buying and Selling

In other news, Director Pauline Richards acquired 2,351 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the acquisition, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APO. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. BMO Capital Markets raised their price objective on shares of Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Finally, Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price target for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

About Apollo Global Management

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.