Equities analysts predict that Beacon Roofing Supply, Inc. (NASDAQ:BECN) will post $0.54 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Beacon Roofing Supply’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.66. Beacon Roofing Supply posted earnings per share of $0.44 in the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The firm is expected to issue its next quarterly earnings results on Thursday, February 1st.
On average, analysts expect that Beacon Roofing Supply will report full-year earnings of $3.16 per share for the current year, with EPS estimates ranging from $2.96 to $3.73. For the next year, analysts forecast that the business will report earnings of $4.00 per share, with EPS estimates ranging from $3.24 to $4.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Beacon Roofing Supply.
Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Monday, November 20th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.26 billion. Beacon Roofing Supply had a return on equity of 9.09% and a net margin of 2.30%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share.
Several research firms recently weighed in on BECN. SunTrust Banks reissued a “buy” rating and set a $55.00 price target on shares of Beacon Roofing Supply in a report on Monday, October 2nd. BidaskClub cut Beacon Roofing Supply from a “buy” rating to a “hold” rating in a report on Tuesday. KeyCorp reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Beacon Roofing Supply in a report on Tuesday, September 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $63.00 price objective (up from $62.00) on shares of Beacon Roofing Supply in a report on Tuesday, November 21st. Finally, Wells Fargo & Co started coverage on Beacon Roofing Supply in a report on Wednesday, October 18th. They issued a “market perform” rating and a $58.00 price objective for the company. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Beacon Roofing Supply currently has a consensus rating of “Buy” and an average price target of $56.91.
In other news, CEO Paul Isabella sold 40,000 shares of Beacon Roofing Supply stock in a transaction on Monday, November 27th. The stock was sold at an average price of $60.57, for a total value of $2,422,800.00. Following the transaction, the chief executive officer now owns 172,046 shares in the company, valued at approximately $10,420,826.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ross D. Cooper sold 2,000 shares of Beacon Roofing Supply stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total value of $119,500.00. Following the completion of the transaction, the executive vice president now owns 7,056 shares in the company, valued at approximately $421,596. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Copper Rock Capital Partners LLC increased its stake in shares of Beacon Roofing Supply by 3.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 585,439 shares of the company’s stock valued at $37,579,000 after purchasing an additional 20,296 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Beacon Roofing Supply by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,664 shares of the company’s stock valued at $10,130,000 after purchasing an additional 3,073 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Beacon Roofing Supply in the 3rd quarter valued at $214,000. Sterling Capital Management LLC increased its stake in shares of Beacon Roofing Supply by 3.0% in the 3rd quarter. Sterling Capital Management LLC now owns 45,951 shares of the company’s stock valued at $2,355,000 after purchasing an additional 1,353 shares during the last quarter. Finally, DF Dent & Co. Inc. increased its stake in shares of Beacon Roofing Supply by 61.9% in the 3rd quarter. DF Dent & Co. Inc. now owns 24,599 shares of the company’s stock valued at $1,261,000 after purchasing an additional 9,409 shares during the last quarter.
Beacon Roofing Supply (NASDAQ BECN) traded down $0.80 during trading hours on Friday, reaching $62.96. The company had a trading volume of 972,900 shares, compared to its average volume of 665,200. The firm has a market cap of $4,260.00, a PE ratio of 38.39, a P/E/G ratio of 0.82 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 2.06. Beacon Roofing Supply has a 1-year low of $39.57 and a 1-year high of $66.47.
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About Beacon Roofing Supply
Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.
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