APi Group (NYSE:APG) Releases Earnings Results, Beats Estimates By $0.02 EPS

APi Group (NYSE:APG) released its quarterly earnings data on Thursday. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02, Briefing.com reports. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. APi Group had a return on equity of 38.34% and a net margin of 2.49%. APi Group’s revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share.

APi Group Trading Down 1.0 %

Shares of APG stock traded down $0.39 on Friday, hitting $36.95. The company had a trading volume of 1,726,656 shares, compared to its average volume of 1,916,614. APi Group has a twelve month low of $21.65 and a twelve 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. The firm has a market cap of $10.07 billion, a P/E ratio of -17.18, a P/E/G ratio of 1.11 and a beta of 1.62. The stock’s 50-day moving average is $38.19 and its two-hundred day moving average is $33.52.

Insider Transactions at APi Group

In other news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction that occurred 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 owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of the business’s 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 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 corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Jefferies Financial Group started 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. 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. Royal Bank of Canada boosted their price objective on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday, April 8th. Finally, Citigroup increased their target price on APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.