William Blair Estimates APi Group FY2024 Earnings

APi Group Co. (NYSE:APG - Free Report) - Analysts at William Blair issued their FY2024 EPS estimates for APi Group in a research report issued on Thursday, December 5th. William Blair analyst T. Mulrooney expects that the company will post earnings of $1.77 per share for the year. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for APi Group's current full-year earnings is $1.83 per share. William Blair also issued estimates for APi Group's Q4 2024 earnings at $0.43 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.55 EPS, FY2025 earnings at $2.02 EPS and FY2026 earnings at $2.48 EPS.

APG has been the subject of several other research reports. Robert W. Baird raised their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Citigroup lifted their price objective on APi Group from $42.00 to $45.00 and gave the company a "buy" rating in a report on Monday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, APi Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.43.

APi Group Stock Up 1.3 %

APG traded up $0.52 during trading on Monday, hitting $39.12. The company had a trading volume of 2,292,772 shares, compared to its average volume of 1,692,860. The company has a market cap of $10.75 billion, a PE ratio of -19.90 and a beta of 1.55. APi Group has a 1-year low of $30.26 and a 1-year high of $40.89. The business has a 50-day moving average of $35.11 and a 200-day moving average of $35.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The company's revenue was up 2.4% on a year-over-year basis.

Insider Activity

In other APi Group news, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company's stock.

Institutional Investors Weigh In On APi Group

Several institutional investors have recently bought and sold shares of the stock. Comerica Bank increased its position in APi Group by 109.8% during the 1st quarter. Comerica Bank now owns 5,641 shares of the company's stock valued at $222,000 after buying an additional 2,952 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock worth $79,000 after purchasing an additional 373 shares during the last quarter. Swedbank AB increased its holdings in shares of APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company's stock worth $69,992,000 after purchasing an additional 324,000 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of APi Group in the second quarter worth about $132,000. Finally, Raymond James & Associates increased its stake in APi Group by 13.1% during the second quarter. Raymond James & Associates now owns 144,599 shares of the company's stock worth $5,441,000 after acquiring an additional 16,746 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

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.