APi Group (APG) to Release Earnings on Thursday

APi Group (NYSE:APG) is set to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.51 per share for the quarter. APi Group has set its Q3 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. 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 3.3 %

Shares of APG stock opened at $33.95 on Wednesday. The company has a market cap of $9.33 billion, a PE ratio of -15.79 and a beta of 1.55. APi Group has a 1 year low of $25.17 and a 1 year high of $39.98. The stock’s 50 day simple moving average is $33.83 and its two-hundred day simple moving average is $35.75. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.38.

Insider Buying and Selling

In other APi Group news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at $87,252.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the sale, the director now directly owns 5,678,779 shares of the company’s stock, valued at $187,570,070.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,358 shares of company stock valued at $11,653,157 in the last 90 days. Company insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the topic of several recent research reports. Barclays decreased their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Robert W. Baird reduced their target price on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average target price of $43.86.

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.