APi Group (APG) Scheduled to Post Earnings on Thursday

APi Group (NYSE:APG) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect APi Group to post earnings of $0.32 per share for the quarter. APi Group has set its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.76 billion. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. On average, analysts expect APi Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

APi Group Price Performance

Shares of NYSE APG opened at $37.51 on Thursday. The firm has a market cap of $9.81 billion, a PE ratio of -49.35, a PEG ratio of 1.10 and a beta of 1.64. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12. APi Group has a 1-year low of $21.56 and a 1-year high of $39.98. The company has a fifty day moving average price of $37.79 and a 200 day moving average price of $33.01.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APG. Robert W. Baird upped their target price on shares of APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Jefferies Financial Group assumed coverage on shares of APi Group in a research report on Friday, March 15th. They set a “buy” rating and a $48.00 price target on the stock. Barclays boosted their price target on shares of APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Citigroup boosted their price target on shares of APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, UBS Group boosted their price target on shares of APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.29.

Insider Activity

In other news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the sale, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other APi Group news, Director James E. Lillie sold 125,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.38, for a total value of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

APi Group Company Profile

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.