Brokerages Expect Apollo Global Management LLC (APO) Will Announce Quarterly Sales of $563.14 Million

Wall Street analysts expect Apollo Global Management LLC (NYSE:APO) to announce $563.14 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Apollo Global Management’s earnings, with estimates ranging from $461.00 million to $665.27 million. Apollo Global Management posted sales of $166.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 237.4%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that Apollo Global Management will report full year sales of $2.44 billion for the current financial year, with estimates ranging from $2.21 billion to $2.62 billion. For the next financial year, analysts expect that the business will post sales of $2.82 billion, with estimates ranging from $2.57 billion to $3.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Apollo Global Management.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, January 31st. The financial services provider reported ($1.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.29). Apollo Global Management had a return on equity of 17.25% and a net margin of 19.45%. The firm had revenue of ($114.89) million during the quarter.

A number of equities analysts recently issued reports on the company. ValuEngine upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a report on Friday. TheStreet cut Apollo Global Management from a “b” rating to a “c” rating in a report on Monday, February 4th. Zacks Investment Research upgraded Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Argus cut their target price on Apollo Global Management from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, February 5th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.00.

In related news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.13, for a total value of $145,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.11% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APO. Wells Fargo & Company MN raised its position in Apollo Global Management by 18.4% in the 3rd quarter. Wells Fargo & Company MN now owns 201,429 shares of the financial services provider’s stock valued at $6,959,000 after buying an additional 31,271 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at $1,551,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at $241,000. Capital International Investors purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at $71,968,000. Finally, Select Equity Group L.P. purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at $15,862,000. 72.25% of the stock is owned by institutional investors and hedge funds.

Shares of APO traded up $1.70 during trading hours on Friday, reaching $31.65. The stock had a trading volume of 2,866,977 shares, compared to its average volume of 767,129. Apollo Global Management has a 12 month low of $22.63 and a 12 month high of $36.49. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.72. The stock has a market cap of $6.41 billion, a P/E ratio of -150.71, a P/E/G ratio of 1.12 and a beta of 1.42.

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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Earnings History and Estimates for Apollo Global Management (NYSE:APO)

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