Will stock surge before Earnings results? Apollo Global Management (NYSE:APO)

Earnings results for Apollo Global Management (NYSE:APO)

Apollo Global Management, Inc is expected* to report earnings on 05/04/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.58. The reported EPS for the same quarter last year was $0.37.

Apollo Global Management last posted its quarterly earnings data on February 2nd, 2021. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.22. The business earned $519.79 million during the quarter, compared to analyst estimates of $480.07 million. Its revenue for the quarter was up 15.8% compared to the same quarter last year. Apollo Global Management has generated $2.71 earnings per share over the last year. Apollo Global Management has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021.

Analyst Opinion on Apollo Global Management (NYSE:APO)

16 Wall Street analysts have issued ratings and price targets for Apollo Global Management in the last 12 months. Their average twelve-month price target is $55.43, predicting that the stock has a possible upside of 0.11%. The high price target for APO is $70.00 and the low price target for APO is $45.00. There are currently 4 hold ratings and 12 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Apollo Global Management has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 12 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $55.43, Apollo Global Management has a forecasted upside of 0.1% from its current price of $55.37. Apollo Global Management has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Apollo Global Management (NYSE:APO)

Apollo Global Management is a leading dividend payer. It pays a dividend yield of 4.33%, putting its dividend yield in the top 25% of dividend-paying stocks. Apollo Global Management has only been increasing its dividend for 1 years. The dividend payout ratio of Apollo Global Management is 88.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Apollo Global Management will have a dividend payout ratio of 93.39% in the coming year. This indicates that Apollo Global Management may not be able to sustain their current dividend.

Insiders buying/selling: Apollo Global Management (NYSE:APO)

In the past three months, Apollo Global Management insiders have sold 41.88% more of their company’s stock than they have bought. Specifically, they have bought $47,220,000.00 in company stock and sold $66,994,836.00 in company stock. Only 9.30% of the stock of Apollo Global Management is held by insiders. 71.95% of the stock of Apollo Global Management is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Apollo Global Management (NYSE:APO

Earnings for Apollo Global Management are expected to grow by 41.99% in the coming year, from $1.81 to $2.57 per share. The P/E ratio of Apollo Global Management is -65.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Apollo Global Management is -65.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Apollo Global Management has a PEG Ratio of 5.26. PEG Ratios above 1 indicate that a company could be overvalued. Apollo Global Management has a P/B Ratio of 4.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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