Factors Likely to Have Influenced Earnings Results Apollo Global Management (NYSE:APO)

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Earnings results for Apollo Global Management (NYSE:APO)

Apollo Global Management last posted its quarterly earnings data on August 4th, 2021. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.43. The business had revenue of $553.55 million for the quarter, compared to analyst estimates of $526.68 million. Its revenue for the quarter was up 17.3% compared to the same quarter last year. Apollo Global Management has generated $2.02 earnings per share over the last year ($8.42 diluted earnings per share) and currently has a price-to-earnings ratio of 9.1. Earnings for Apollo Global Management are expected to grow by 15.69% in the coming year, from $4.08 to $4.72 per share. Apollo Global Management has confirmed that its next quarterly earnings report will be published on Tuesday, November 2nd, 2021. Apollo Global Management will be holding an earnings conference call on Tuesday, November 2nd at 8:30 AM Eastern. Interested parties can .

Analyst Opinion on Apollo Global Management (NYSE:APO)

According to the issued ratings of 9 analysts in the last year, the consensus rating for Apollo Global Management stock is Buy based on the current 4 hold ratings and 5 buy ratings for APO. The average twelve-month price target for Apollo Global Management is $72.86 with a high price target of $100.00 and a low price target of $52.00.

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Apollo Global Management has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $72.86, Apollo Global Management has a forecasted downside of 5.3% from its current price of $76.95. Apollo Global Management has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Apollo Global Management (NYSE:APO)

Apollo Global Management pays a meaningful dividend of 2.55%, higher than the bottom 25% of all stocks that pay dividends. Apollo Global Management does not have a long track record of dividend growth. The dividend payout ratio of Apollo Global Management is 99.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Apollo Global Management will have a dividend payout ratio of 42.37% next year. This indicates that Apollo Global Management will be able to sustain or increase its dividend.

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

In the past three months, Apollo Global Management insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $124,296,436.00 in company stock. Only 3.90% of the stock of Apollo Global Management is held by insiders. 82.47% 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 15.69% in the coming year, from $4.08 to $4.72 per share. The P/E ratio of Apollo Global Management is 9.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.15. The P/E ratio of Apollo Global Management is 9.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.95. Apollo Global Management has a P/B Ratio of 3.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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