Analysts Offer Predictions for APi Group FY2024 Earnings

APi Group Co. (NYSE:APG) – Stock analysts at William Blair issued their FY2024 earnings estimates for APi Group in a research note issued on Thursday, December 5th. William Blair analyst T. Mulrooney expects that the company will post earnings per share of $1.77 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.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis.

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

APi Group Trading Up 0.2 %

Shares of NYSE:APG opened at $39.21 on Monday. APi Group has a 12 month low of $30.26 and a 12 month high of $40.89. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company’s fifty day simple moving average is $35.23 and its 200 day simple moving average is $35.64. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of -19.82 and a beta of 1.55.

Insider Transactions at APi Group

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in shares of APi Group during the 3rd quarter worth about $26,000. Avior Wealth Management LLC bought a new stake in shares of APi Group during the 3rd quarter worth about $33,000. J.Safra Asset Management Corp boosted its holdings in shares of APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after buying an additional 373 shares during the period. Triad Wealth Partners LLC bought a new stake in shares of APi Group during the 2nd quarter worth about $132,000. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after buying an additional 382,012 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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.