APi Group (APG) Scheduled to Post Earnings on Thursday

APi Group (NYSE:APG) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.32 per share for the quarter. APi Group has set its Q1 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

APi Group (NYSE:APG) last posted its earnings results on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the firm earned $0.36 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. 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 Stock Down 2.3 %

APG opened at $37.51 on Thursday. APi Group has a 12 month low of $21.56 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35. The stock has a market cap of $9.81 billion, a P/E ratio of -49.35, a P/E/G ratio of 1.10 and a beta of 1.64. The stock’s 50 day moving average price is $37.79 and its 200 day moving average price is $33.01.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the sale, 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 filing with the SEC, which is accessible through this hyperlink. In other news, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the sale, 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 filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Krumm sold 5,585 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was 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 $1,220,909.60. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the topic of several analyst reports. TheStreet cut APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Citigroup increased their price target on APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their price target on APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Barclays increased their price target on APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Finally, Jefferies Financial Group assumed coverage on APi Group in a research note on Friday, March 15th. They set a “buy” rating and a $48.00 price target for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.29.

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.