Brokers Set Expectations for Apollo Global Management LLC’s Q3 2018 Earnings (APO)

Apollo Global Management LLC (NYSE:APO) – Investment analysts at Oppenheimer lifted their Q3 2018 EPS estimates for shares of Apollo Global Management in a report issued on Monday, October 15th. Oppenheimer analyst L. Rudary now anticipates that the financial services provider will post earnings of $0.85 per share for the quarter, up from their previous estimate of $0.76. Oppenheimer has a “Buy” rating and a $43.00 price target on the stock. Oppenheimer also issued estimates for Apollo Global Management’s Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $1.54 EPS, Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.82 EPS, FY2019 earnings at $3.18 EPS and FY2020 earnings at $3.45 EPS.

A number of other research firms also recently weighed in on APO. Morgan Stanley set a $42.00 target price on Apollo Global Management and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Credit Suisse Group upped their target price on Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, September 21st. ValuEngine upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Goldman Sachs Group upgraded Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a research report on Monday, October 1st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Apollo Global Management currently has a consensus rating of “Buy” and a consensus price target of $39.20.

APO opened at $31.68 on Thursday. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 2.40 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.05 and a quick ratio of 1.05. Apollo Global Management has a 1-year low of $28.00 and a 1-year high of $37.35.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). The firm had revenue of $449.71 million during the quarter, compared to analyst estimates of $608.66 million. Apollo Global Management had a return on equity of 48.19% and a net margin of 19.59%. During the same quarter last year, the company earned $0.46 earnings per share.

Large investors have recently made changes to their positions in the company. Squar Milner Financial Services LLC acquired a new stake in shares of Apollo Global Management during the 2nd quarter valued at $112,000. Tower Research Capital LLC TRC lifted its position in shares of Apollo Global Management by 482.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 3,051 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in shares of Apollo Global Management during the 2nd quarter valued at $119,000. Centaurus Financial Inc. acquired a new stake in shares of Apollo Global Management during the 2nd quarter valued at $139,000. Finally, Cerebellum GP LLC raised its stake in Apollo Global Management by 1,214.8% during the 3rd quarter. Cerebellum GP LLC now owns 5,154 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 4,762 shares during the period. Institutional investors own 73.70% of the company’s stock.

In related news, Director Pauline Richards acquired 1,100 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was bought at an average price of $35.78 per share, for a total transaction of $39,358.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 11,500 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $35.66, for a total value of $410,090.00. The disclosure for this sale can be found here. 4.11% of the stock is currently owned by corporate 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 for its clients.

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

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