$657.98 Million in Sales Expected for Apollo Global Management LLC Class A (APO) This Quarter

Analysts expect Apollo Global Management LLC Class A (NYSE:APO) to announce $657.98 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Apollo Global Management LLC Class A’s earnings. The lowest sales estimate is $633.00 million and the highest is $682.95 million. Apollo Global Management LLC Class A posted sales of $432.87 million in the same quarter last year, which suggests a positive year over year growth rate of 52%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that Apollo Global Management LLC Class A will report full year sales of $2.17 billion for the current year, with estimates ranging from $2.02 billion to $2.33 billion. For the next year, analysts expect that the firm will report sales of $2.99 billion per share, with estimates ranging from $2.69 billion to $3.16 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Apollo Global Management LLC Class A.

Apollo Global Management LLC Class A (NYSE:APO) last released its earnings results on Thursday, May 3rd. The financial services provider reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.26). The business had revenue of $149.62 million during the quarter, compared to the consensus estimate of $215.07 million. Apollo Global Management LLC Class A had a net margin of 19.52% and a return on equity of 44.70%. The firm’s revenue for the quarter was down 77.5% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS.

A number of research analysts recently weighed in on APO shares. Deutsche Bank decreased their target price on shares of Apollo Global Management LLC Class A from $36.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, April 6th. JPMorgan Chase & Co. decreased their target price on shares of Apollo Global Management LLC Class A from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, May 1st. Zacks Investment Research downgraded shares of Apollo Global Management LLC Class A from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Citigroup raised shares of Apollo Global Management LLC Class A from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday, March 12th. Finally, Morgan Stanley reissued a “buy” rating and issued a $41.00 price objective on shares of Apollo Global Management LLC Class A in a research report on Monday, May 21st. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $37.08.

In other news, CFO Martin Kelly sold 18,000 shares of the firm’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $30.42, for a total transaction of $547,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director A B. Krongard bought 1,800 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were bought at an average price of $30.38 per share, with a total value of $54,684.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 201,800 shares of company stock valued at $5,944,184. Insiders own 4.11% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Apollo Global Management LLC Class A by 29.2% during the 1st quarter. JPMorgan Chase & Co. now owns 6,270,356 shares of the financial services provider’s stock worth $185,727,000 after buying an additional 1,415,957 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Apollo Global Management LLC Class A by 5.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,338,136 shares of the financial services provider’s stock worth $158,116,000 after buying an additional 267,942 shares during the last quarter. HMI Capital LLC lifted its stake in shares of Apollo Global Management LLC Class A by 11.5% during the 1st quarter. HMI Capital LLC now owns 4,519,028 shares of the financial services provider’s stock worth $133,854,000 after buying an additional 464,814 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Apollo Global Management LLC Class A by 1.9% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,821,500 shares of the financial services provider’s stock worth $127,906,000 after buying an additional 70,200 shares during the last quarter. Finally, CDAM UK Ltd acquired a new stake in Apollo Global Management LLC Class A in the 4th quarter worth about $77,206,000. Institutional investors own 71.11% of the company’s stock.

Apollo Global Management LLC Class A stock traded up $0.17 during mid-day trading on Monday, reaching $32.28. The company’s stock had a trading volume of 610,574 shares, compared to its average volume of 1,038,005. The company has a market cap of $6.52 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 2.97 and a beta of 1.20. Apollo Global Management LLC Class A has a 12 month low of $25.61 and a 12 month high of $37.35. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.58.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Friday, May 18th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Thursday, May 17th. Apollo Global Management LLC Class A’s dividend payout ratio (DPR) is presently 42.58%.

About Apollo Global Management LLC Class A

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 LLC Class A (NYSE:APO)

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