Beacon Roofing Supply (NASDAQ:BECN) released its earnings results on Thursday. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.14, Bloomberg Earnings reports. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion. Beacon Roofing Supply had a return on equity of 9.09% and a net margin of 2.30%. Beacon Roofing Supply’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. Beacon Roofing Supply updated its FY18 guidance to $3.40-3.70 EPS.
Beacon Roofing Supply (BECN) traded down $3.06 during trading hours on Thursday, reaching $55.09. The company had a trading volume of 1,105,233 shares, compared to its average volume of 671,138. The firm has a market capitalization of $4,021.03, a price-to-earnings ratio of 33.80, a PEG ratio of 1.24 and a beta of 1.35. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 0.42. Beacon Roofing Supply has a fifty-two week low of $39.57 and a fifty-two week high of $66.47.
In related news, CEO Paul Isabella sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 172,046 shares of the company’s stock, valued at $10,420,826.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ross D. Cooper sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 7,056 shares in the company, valued at $421,596. The disclosure for this sale can be found here. Company insiders own 0.77% of the company’s stock.
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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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