Apollo Global Management (NYSE:APO) will be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Apollo Global Management to post earnings of $0.61 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The firm had revenue of $523.30 million for the quarter, compared to analysts’ expectations of $398.72 million. During the same period last year, the firm posted $0.53 earnings per share. Apollo Global Management’s revenue for the quarter was down 17.8% on a year-over-year basis. On average, analysts expect Apollo Global Management to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of APO stock opened at $41.28 on Thursday. Apollo Global Management has a 1 year low of $22.63 and a 1 year high of $41.79. The firm has a fifty day moving average price of $39.38 and a 200-day moving average price of $34.73. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $8.03 billion, a price-to-earnings ratio of -196.57, a PEG ratio of 1.08 and a beta of 1.48.
In other news, Director Pauline Richards bought 2,720 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $30.85 per share, for a total transaction of $83,912.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $39.96, for a total transaction of $159,840.00. The disclosure for this sale can be found here. 46.90% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price objective on shares of Apollo Global Management from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. BMO Capital Markets assumed coverage on shares of Apollo Global Management in a research report on Monday, October 7th. They set an “outperform” rating and a $52.00 price objective for the company. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Co boosted their price objective on shares of Apollo Global Management from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Finally, Morgan Stanley lifted their target price on shares of Apollo Global Management from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $42.58.
Apollo Global Management Company Profile
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.
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