Apollo Commercial Real Est. Finance (NYSE:ARI) will be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Apollo Commercial Real Est. Finance to post earnings of $0.44 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Apollo Commercial Real Est. Finance (NYSE:ARI) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $84.99 million during the quarter, compared to analysts’ expectations of $82.63 million. Apollo Commercial Real Est. Finance had a net margin of 75.64% and a return on equity of 10.22%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. On average, analysts expect Apollo Commercial Real Est. Finance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:ARI opened at $19.03 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 44.69 and a current ratio of 44.69. The company has a fifty day moving average of $19.06 and a two-hundred day moving average of $18.74. The stock has a market capitalization of $2.92 billion, a PE ratio of 11.40 and a beta of 0.61. Apollo Commercial Real Est. Finance has a fifty-two week low of $16.41 and a fifty-two week high of $19.76.
Separately, Zacks Investment Research cut shares of Apollo Commercial Real Est. Finance from a “hold” rating to a “sell” rating in a research report on Monday, September 23rd.
In other Apollo Commercial Real Est. Finance news, Director Michael Salvati sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $19.02, for a total transaction of $380,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.
About Apollo Commercial Real Est. Finance
Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that primarily originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a REIT under the Internal Revenue Code.
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