APi Group (APG) Set to Announce Earnings on Thursday

APi Group (NYSE:APG) will 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 interested in listening to the company’s 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the business posted $0.36 EPS. The business’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 Trading Up 1.0 %

Shares of NYSE:APG opened at $38.48 on Tuesday. The company’s 50 day moving average price is $37.97 and its two-hundred day moving average price is $33.30. APi Group has a 12-month low of $21.65 and a 12-month high of $39.98. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43.

Analyst Ratings Changes

APG has been the topic of a number of analyst reports. Citigroup increased their target price 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. UBS Group upped their price target on shares of APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Jefferies Financial Group began coverage on shares of APi Group in a report on Friday, March 15th. They set a “buy” rating and a $48.00 price target for the company. Royal Bank of Canada upped their price target on shares of APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a report on Monday, April 8th. Finally, TheStreet downgraded shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.29.

Insider Activity at APi Group

In related news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now 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 is available through the SEC website. In related news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now 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 is available through the SEC website. Also, Director James E. Lillie sold 125,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

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.