Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.22). The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.27 billion. Beacon Roofing Supply had a return on equity of 26.95% and a net margin of 4.74%. The company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $1.18 earnings per share. On average, analysts expect Beacon Roofing Supply to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Beacon Roofing Supply Stock Performance
Shares of BECN stock traded up $0.35 on Thursday, reaching $97.56. The stock had a trading volume of 500,115 shares, compared to its average volume of 706,740. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of -206.83 and a beta of 1.63. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.30. Beacon Roofing Supply has a 12 month low of $56.94 and a 12 month high of $102.83. The firm's 50-day moving average is $92.11 and its two-hundred day moving average is $84.91.
Insider Buying and Selling
In related news, EVP Christopher Carl Nelson sold 3,268 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $93.87, for a total transaction of $306,767.16. Following the completion of the transaction, the executive vice president now owns 176 shares of the company's stock, valued at $16,521.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Beacon Roofing Supply news, EVP Christopher Carl Nelson sold 3,268 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $93.87, for a total value of $306,767.16. Following the completion of the transaction, the executive vice president now owns 176 shares of the company's stock, valued at approximately $16,521.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jason L. Taylor sold 1,805 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $95.00, for a total transaction of $171,475.00. Following the completion of the sale, the insider now directly owns 10,531 shares of the company's stock, valued at approximately $1,000,445. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Beacon Roofing Supply from $103.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, January 11th. William Blair upgraded shares of Beacon Roofing Supply from a "market perform" rating to an "outperform" rating in a research report on Monday, January 8th. BMO Capital Markets increased their price target on shares of Beacon Roofing Supply from $95.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, April 11th. Robert W. Baird upgraded shares of Beacon Roofing Supply from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $99.00 to $115.00 in a research report on Thursday, February 29th. Finally, Benchmark started coverage on shares of Beacon Roofing Supply in a research report on Thursday, April 18th. They set a "buy" rating and a $135.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $102.92.
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About Beacon Roofing Supply
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Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.
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