APi Group (NYSE:APG) Issues Earnings Results

APi Group (NYSE:APG) announced its quarterly earnings data on Thursday. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02, Briefing.com reports. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.60 billion. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS.

APi Group Stock Performance

Shares of APG traded down $0.40 during mid-day trading on Friday, hitting $36.94. 1,726,654 shares of the company’s stock were exchanged, compared to its average volume of 1,586,078. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. APi Group has a 52 week low of $21.65 and a 52 week high of $39.98. The stock’s 50-day simple moving average is $38.16 and its 200-day simple moving average is $33.45. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of -48.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APG. Robert W. Baird boosted their price target on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Jefferies Financial Group assumed coverage on APi Group in a report on Friday, March 15th. They set a “buy” rating and a $48.00 price target for the company. UBS Group upped their price objective on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised their target price on shares of APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Finally, Barclays upped their price target on shares of APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.29.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 125,000 shares of APi Group stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the completion of the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other APi Group news, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.38, for a total value of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the sale, the chief financial officer now directly 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. 16.40% of the stock is currently owned by corporate insiders.

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.