Earnings Per Share (EPS) of $1.85, surpassing estimates and indicating strong profitability. Revenue reached $926 million, exceeding forecasts and showcasing operational efficiency. Positive market valuation with a Price-to-Earnings (P/E) ratio of 15.33 and a Price-to-Sales ratio of 3.18. Apollo Global Management, Inc. (NYSE:APO) is a leading global alternative investment manager. The company specializes in private equity, credit, and real assets, managing a diverse portfolio of investments. It competes with other major firms in the financial sector, such as Blackstone and KKR. On November 5, 2024, APO reported its third-quarter earnings, showcasing its financial health and market performance. APO reported earnings per share (EPS) of $1.85, surpassing the estimated $1.72. This indicates strong profitability and effective cost management. The company's revenue reached $926 million, exceeding the forecasted $904.3 million. This revenue growth reflects APO's ability to generate income from its investment activities, highlighting its operational efficiency. During the Q3 2024 earnings conference call, key figures like CEO Marc Rowan and CFO Martin Kelly discussed the results. Analysts from major financial institutions, including Goldman Sachs and JPMorgan, participated, indicating significant interest in APO's performance. The call provided a platform for management to address questions and offer insights into future strategies. APO's financial metrics provide further context to its performance. With a price-to-earnings (P/E) ratio of 15.33, the market values its earnings positively. The price-to-sales ratio of 3.18 and enterprise value to sales ratio of 2.88 suggest a favorable market valuation of its revenue and overall value. These ratios help investors assess the company's market position. The company's financial stability is also evident in its debt-to-equity ratio of 0.64, indicating a balanced approach to financing. The current ratio of 0.81 shows APO's ability to meet short-term obligations, though it suggests room for improvement in liquidity management. Overall, APO's Q3 2024 results demonstrate its strong market presence and financial resilience.
A pollo 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. The firm provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors.