Apollo Global Management (NYSE:APO) will announce its earnings results before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of $0.70 per share for the quarter.
Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.55. The firm had revenue of $869.50 million for the quarter, compared to analyst estimates of $599.38 million. Apollo Global Management had a net margin of 23.92% and a return on equity of 62.94%. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, analysts expect Apollo Global Management to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:APO opened at $28.89 on Tuesday. The firm has a market capitalization of $5,896.94, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. Apollo Global Management has a 1-year low of $25.06 and a 1-year high of $37.35. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.52.
In other news, major shareholder Tiger Global Management Llc purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 23rd. The shares were bought at an average price of $30.34 per share, for a total transaction of $3,034,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $32.68, for a total transaction of $163,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 151,280 shares of company stock worth $4,527,585 and have sold 5,091,842 shares worth $173,113,138. 4.11% of the stock is currently owned by company insiders.
About Apollo Global Management
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 and mutual funds for its clients.
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