Apollo Global Management (APO) to Release Earnings on Thursday

Apollo Global Management (NYSE:APO - Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.74 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. The business had revenue of $795.00 million for the quarter, compared to analysts' expectations of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. On average, analysts expect Apollo Global Management to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Apollo Global Management Stock Down 0.7 %

APO traded down $0.84 during midday trading on Thursday, reaching $111.88. The company's stock had a trading volume of 1,399,119 shares, compared to its average volume of 2,333,450. The firm has a market capitalization of $63.57 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.95 and a beta of 1.63. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management has a 1 year low of $57.50 and a 1 year high of $117.15. The stock's 50-day moving average is $111.24 and its 200-day moving average is $99.07.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, February 16th. Apollo Global Management's dividend payout ratio (DPR) is presently 20.45%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on APO shares. Barclays upped their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Apollo Global Management in a report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an "overweight" rating in a report on Wednesday. BMO Capital Markets increased their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an "outperform" rating in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an "outperform" rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $113.33.

Insiders Place Their Bets

In other news, insider Leon D. Black sold 450,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total value of $49,819,500.00. Following the completion of the sale, the insider now directly owns 42,604,773 shares of the company's stock, valued at $4,716,774,418.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Martin Kelly sold 14,000 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at approximately $39,989,339.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 450,000 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total value of $49,819,500.00. Following the transaction, the insider now directly owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Company insiders own 8.70% of the company's stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.