APi Group (APG) Scheduled to Post Quarterly Earnings on Thursday

APi Group (NYSE:APG - Get Free Report) is scheduled to announce its earnings results 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 that wish to listen to the company's conference call can do so using this link.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company's quarterly 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 1.9 %

APG traded up $0.63 on Thursday, hitting $34.20. 2,344,163 shares of the company were exchanged, compared to its average volume of 1,715,145. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48. The firm has a fifty day simple moving average of $33.92 and a two-hundred day simple moving average of $35.94. The stock has a market capitalization of $9.38 billion, a PE ratio of -15.82 and a beta of 1.55. APi Group has a 12 month low of $24.98 and a 12 month high of $39.98.

Insider Activity

In other APi Group news, SVP Louis Lambert sold 6,333 shares of the firm's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.45, for a total value of $205,505.85. Following the completion of the sale, the senior vice president now directly owns 8,100 shares in the company, valued at $262,845. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other APi Group news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the completion of the transaction, the senior vice president now owns 8,100 shares in the company, valued at approximately $262,845. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin E. Franklin sold 178,346 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,358 shares of company stock valued at $11,653,157. Corporate insiders own 16.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APG. JPMorgan Chase & Co. decreased their target price on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Barclays decreased their price objective on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Monday, August 5th. Finally, Robert W. Baird dropped their target price on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.86.

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.