APi Group (APG) to Release Earnings on Wednesday

APi Group (NYSE:APG – Get Rating) will announce its earnings results before the market opens on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

APi Group (NYSE:APG – Get Rating) last released its quarterly earnings data on Tuesday, March 1st. The company reported $0.29 EPS for the quarter. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $965.81 million. APi Group had a net margin of 1.19% and a return on equity of 10.92%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, analysts expect APi Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE APG opened at $18.65 on Wednesday. The company has a market cap of $4.34 billion, a PE ratio of -30.08, a price-to-earnings-growth ratio of 0.79 and a beta of 1.20. APi Group has a 52 week low of $18.46 and a 52 week high of $26.84. The company has a quick ratio of 2.95, a current ratio of 3.03 and a debt-to-equity ratio of 0.76. The firm’s 50-day simple moving average is $20.53 and its two-hundred day simple moving average is $22.29.

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its position in shares of APi Group by 2.9% in the fourth quarter. California State Teachers Retirement System now owns 229,217 shares of the company’s stock worth $5,907,000 after buying an additional 6,424 shares in the last quarter. Morgan Stanley raised its holdings in shares of APi Group by 413.7% in the second quarter. Morgan Stanley now owns 268,636 shares of the company’s stock worth $5,611,000 after buying an additional 216,346 shares during the period. JPMorgan Chase & Co. increased its stake in shares of APi Group by 1.3% during the fourth quarter. JPMorgan Chase & Co. now owns 198,887 shares of the company’s stock valued at $5,125,000 after buying an additional 2,648 shares during the period. Legal & General Group Plc lifted its stake in APi Group by 10.4% in the fourth quarter. Legal & General Group Plc now owns 149,748 shares of the company’s stock worth $3,859,000 after acquiring an additional 14,106 shares during the period. Finally, Deutsche Bank AG lifted its stake in APi Group by 6.5% in the fourth quarter. Deutsche Bank AG now owns 127,541 shares of the company’s stock worth $3,287,000 after acquiring an additional 7,771 shares during the period.

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of APi Group from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, January 4th. Robert W. Baird downgraded shares of APi Group from an “outperform” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Monday, January 10th. Royal Bank of Canada assumed coverage on shares of APi Group in a research note on Friday, March 25th. They issued a “sector perform” rating and a $24.00 price target for the company. Finally, Bank of America started coverage on shares of APi Group in a report on Tuesday, March 22nd. They issued a “neutral” rating and a $23.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, APi Group presently has an average rating of “Hold” and an average price target of $26.20.

About APi Group (Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

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