Zacks: Brokerages Expect APi Group Co. (NYSE:APG) to Post $0.35 Earnings Per Share

Analysts predict that APi Group Co. (NYSE:APGGet Rating) will announce $0.35 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for APi Group’s earnings. APi Group posted earnings per share of $0.31 in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that APi Group will report full year earnings of $1.34 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $1.57 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for APi Group.

APi Group (NYSE:APGGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. APi Group had a net margin of 1.04% and a return on equity of 12.06%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business posted $0.12 EPS. The company’s quarterly revenue was up 86.8% on a year-over-year basis.

Several equities research analysts recently issued reports on APG shares. Barclays cut their target price on shares of APi Group from $28.00 to $24.00 and set an “overweight” rating for the company in a research note on Tuesday, May 24th. Royal Bank of Canada assumed coverage on shares of APi Group in a report on Friday, March 25th. They issued a “sector perform” rating and a $24.00 price target on the stock. Bank of America assumed coverage on shares of APi Group in a report on Tuesday, March 22nd. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Zacks Investment Research raised shares of APi Group from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, May 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $24.17.

Shares of NYSE:APG opened at $18.05 on Friday. APi Group has a 52-week low of $15.88 and a 52-week high of $26.84. The company has a market capitalization of $4.21 billion, a P/E ratio of -27.35, a price-to-earnings-growth ratio of 0.62 and a beta of 1.27. The company has a 50-day simple moving average of $18.77 and a 200 day simple moving average of $21.42. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.53 and a current ratio of 1.63.

A number of institutional investors have recently modified their holdings of APG. Morgan Stanley boosted its position in APi Group by 413.7% in the second quarter. Morgan Stanley now owns 268,636 shares of the company’s stock valued at $5,611,000 after buying an additional 216,346 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of APi Group by 15.3% during the third quarter. Advisor Group Holdings Inc. now owns 12,978 shares of the company’s stock worth $264,000 after purchasing an additional 1,723 shares during the period. Citigroup Inc. lifted its holdings in shares of APi Group by 56.9% during the third quarter. Citigroup Inc. now owns 36,861 shares of the company’s stock worth $750,000 after purchasing an additional 13,370 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of APi Group by 21.6% during the third quarter. Goldman Sachs Group Inc. now owns 1,025,107 shares of the company’s stock worth $20,861,000 after purchasing an additional 182,266 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of APi Group by 1,977.4% during the third quarter. US Bancorp DE now owns 8,995 shares of the company’s stock worth $183,000 after purchasing an additional 8,562 shares during the period.

About APi Group (Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

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