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

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

APi Group Trading Down 1.0 %

APG 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 12-month low of $21.65 and a 12-month high of $39.98. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. The business’s fifty day simple moving average is $38.19 and its 200 day simple moving average is $33.52. The company has a market cap of $10.07 billion, a PE ratio of -17.18, a PEG ratio of 1.11 and a beta of 1.62.

Insider Buying and Selling at APi Group

In other APi Group news, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James E. Lillie sold 125,000 shares of the stock in a transaction 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 transaction, the director now owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the sale, the chief financial officer now owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Jefferies Financial Group started coverage on APi Group in a research report on Friday, March 15th. They issued a “buy” rating and a $48.00 price objective on the stock. TheStreet lowered APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Barclays lifted their target price on APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Finally, Citigroup upped their price target on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently 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.