William Blair Estimates APi Group FY2024 Earnings

APi Group Co. (NYSE:APG) – Equities researchers at William Blair issued their FY2024 EPS estimates for APi Group in a note issued to investors on Thursday, December 5th. William Blair analyst T. Mulrooney expects that the company will post earnings per share of $1.77 for the year. William Blair has a “Outperform” rating on the stock. The consensus estimate for APi Group’s current full-year earnings is $1.86 per share. William Blair also issued estimates for APi Group’s Q4 2024 earnings at $0.43 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $2.02 EPS and FY2026 earnings at $2.48 EPS.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.48 EPS. APi Group’s revenue was up 2.4% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on APG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Robert W. Baird upped their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Finally, Barclays raised their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average target price of $43.71.

APi Group Stock Down 0.3 %

Shares of APG opened at $38.60 on Monday. The stock has a 50 day moving average price of $35.11 and a 200 day moving average price of $35.61. APi Group has a one year low of $30.15 and a one year high of $40.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of -19.59 and a beta of 1.55.

Institutional Trading of APi Group

A number of institutional investors and hedge funds have recently bought and sold shares of APG. Comerica Bank grew its stake in APi Group by 109.8% during the 1st quarter. Comerica Bank now owns 5,641 shares of the company’s stock worth $222,000 after purchasing an additional 2,952 shares in the last quarter. J.Safra Asset Management Corp increased its stake in shares of APi Group by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after buying an additional 373 shares during the period. Swedbank AB raised its holdings in APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock valued at $69,992,000 after acquiring an additional 324,000 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in APi Group in the second quarter worth approximately $132,000. Finally, Raymond James & Associates grew its holdings in APi Group by 13.1% during the 2nd quarter. Raymond James & Associates now owns 144,599 shares of the company’s stock worth $5,441,000 after acquiring an additional 16,746 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other APi Group news, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.